Certain standard costs are related to closing the sale of a home. Buyers and sellers usually share these costs, as the real estate sales contract specifies.
Many of the closing costs associated with buying a house are associated with getting a mortgage loan. Since Chris Caggiano - Grand Oaks Funding, LLC is highly experienced with closings & mortgages, we are closing cost experts.
Soon after you submit your application, we'll give you a "Good Faith Estimate" of your costs. This cost estimate comes out of the loan officer's past experience. Please note that while our GFEs are very accurate, we can't always estimate your costs to the penny. We will be glad to review the "Good Faith Estimate," answering your questions and pointing out costs that can vary a little bit at closing.
Below you'll find a generic list of closing costs. We will provide you with a specific list of your closing costs when we give you a Good Faith Estimate.
Standard Closing Costs
Getting YourCredit Report Interest Payment Escrow Account Various TaxesCosts related to "originating" your loan Points — lower your mortgage interest rate (optional) Appraisal Costs
Recording Fees & Transfer Taxes Insurance
Title Insurance Flood or Earthquake Insurance if applicablePrivate Mortgage Insurance (PMI)
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