Closing Costs

There are certain standard costs associated with closing the sale of a house. These fees are split between the buyer and the seller, as spelled out in the sales contract.

As I negotiate the sales contract for you, I will not only work to get the sales price you want, I will also work to limit the number of closing costs for which you will be responsible.

I will walk you through the closing costs, answering any questions you may have explaining which costs are decreed by law to be yours and which are negotiable.

Good Faith Estimate

Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The estimate is based on the loan officer's past experience and may not include all the closing costs. I will be glad to review the "Good Faith Estimate," answering questions and highlighting missing costs and estimates I believe to be low.

Standard Closing Costs

Loan-Related Costs

  • Loan Origination Fee
  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account

Taxes

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance

  • Homeowners Insurance
  • Flood or Quake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

 



 
State:
County:
City:
Zip:    

Sierra Cal Investments, Inc. 5822 Adenmoor Ave Lakewood, CA 90713
Phone: Fax:

Why an inspection? | Staff Profiles | Your FICO score | Closing Costs | Download Adobe Acrobat | Tell a Friend | News | Loan App Checklist | Mortgage Saving Tips | Site Map | Loan Application | The Loan Process | Get Your Loan Faster! | Fixed Vs. Adjustable | Improve Your Credit Score | Should you buy points? | Financing Closing Costs | Getting Qualified | When to Refinance | Loan Application Info | What is a credit score? | Rate Lock Periods | Rates and A.P.R. | Refinancing Options | Rent vs Buy Calc | Mortgage Calculators | Customer Login | Interest Only Calc | Request Industry Info | Gifts as downpayment | Disputing Credit Reports | Bankruptcy | 401k for Downpayment | Cal Vet Loans | Cal Vet Frequently Asked Questions | Buyer Don'ts | Are You Pre-Approved? | Reverse Mortgages | Buydown Options | Daily Rate Lock Advisory | My Blog

Copyright © 2008 Sierra Cal Investments, Inc.
Portions Copyright © 2008 a la mode, inc.
Another XSite by a la mode, inc. | Admin LoginTerms of UseSite Map