"Closing Costs" are the fees that cover various services involved in the sale of a home. Buyers & sellers almost always negotiate to determine who will pay different portions of these costs.
As the list below indicates, many of the costs result from getting your mortgage loan. Since Chris Caggiano - Grand Oaks Funding, LLC has extensive experience with mortgages & closings, we are closing cost experts.
Very soon after you submit your application, we will provide you with a "Good Faith Estimate" of your costs. The closing costs enumerated in the GFE are estimated based on Chris Caggiano - Grand Oaks Funding, LLC's experience with mortgage loans, but costs usually change by small amounts between the GFE and closing. We handle buyers' questions about these costs every day at Chris Caggiano - Grand Oaks Funding, LLC, so don't hesitate to ask if you have questions.
Below you'll find a fairly general list of closing costs. We will provide a specific list of your closing costs when we provide your Good Faith Estimate.
Standard Closing Costs
Loan Origination Fee Points — lower your mortgage interest rate (optional) Appraisal Fee Credit Report Interest Payment Escrow Account Various Taxes
Recording Fees & Transfer Taxes Insurance
Private Mortgage Insurance (PMI) Title Insurance Flood or Quake Insurance
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