Every home sale involves fixed costs. Buyers and sellers customarily split these costs, as the real estate sales contract specifies.
Many of the costs associated with buying a home are associated with getting a loan. At Chris Caggiano - Grand Oaks Funding, LLC, we are highly experienced in mortgage lending, so we can provide you with a comprehensive report on closing costs related to your mortgage in your "Loan Estimate".
Buyers get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs enumerated in the Loan Estimate are estimated based on Chris Caggiano - Grand Oaks Funding, LLC's experience with mortgage loans, but costs often change by small amounts between delivery of the Loan Estimate (LE) and closing. We explain LEs with buyers every day, so we will be happy to answer your questions about closing costs.
Below is a fairly general list of costs for buying residential real estate. We will provide you with a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs
Obtaining YourCredit Report Up-front Interest Payment Escrow Fees TaxesLoan Origination Fee Points — A fee paid to lower your interest rate (optional) Appraisal Costs
Insurance Transfer Taxes and Recording Fees
Private Mortgage Insurance (PMI) Title Insurance Flood or Earthquake Insurance if applicable
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