All residential real estate transactions involves costs. Buyers and sellers customarily split these closing costs, as the real estate sales contract specifies.
Many of the costs associated with buying a house are associated with getting a mortgage. At Chris Caggiano - Grand Oaks Funding, LLC, we have extensive experience in residential mortgage lending, so we can provide you with a comprehensive report on closing costs related to your mortgage in your "Loan Estimate".
Soon after you apply for a loan, we'll provide you with a "Loan Estimate" of your closing costs. The closing costs spelled out in the LE are estimated based on Chris Caggiano - Grand Oaks Funding, LLC's experience with mortgage loans, but costs often vary by small amounts between the Loan Estimate (LE) and closing. We will be glad to review the "Loan Estimate," answering questions and pointing out costs that can vary a little bit at the closing table.
Below is a general list of closing costs. We will provide a specific list of your closing costs when we give you a Loan Estimate.
Standard Closing Costs
Interest Payment Escrow Account TaxesLoan Origination Fee Points — These are costs you pay up-front to lower your interest rate (optional) Appraisal Costs Pulling YourCredit Report
Recording Fees & Transfer Taxes Insurance
Flood or Quake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
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