Closing Costs for Home Real Estate Transactions
"Closing Costs" are the fees which pay for various services involved in the sale of a house. Sellers & buyers almost always negotiate to decide how to split these costs.
Many of the closing costs associated with buying a home are associated with getting the loan. At Cal Coast Financial Corp, we have extensive experience in residential mortgage lending, so we can provide you with a comprehensive list of costs related to your mortgage in your "Good Faith Estimate".
Good Faith Estimates (GFEs)
Buyers get a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. We base this cost estimate on our extensive past experience. Please note that while our GFEs are very accurate, we cannot always predict your costs to the penny. We field buyers' questions about closing costs every day at Cal Coast Financial Corp, so please feel free to ask if we can help answer your questions.
Below is a generic list of closing costs. We will provide you with a specific list of your closing costs when we provide your Good Faith Estimate.
Standard Closing Costs
- Appraisal Costs
- Credit Report
- Interest Payment
- Escrow Fees
- Various Taxes
- Loan-related costs
- Points — lower your mortgage interest rate (optional)
- Recording Fees and Transfer Taxes
- Flood or Earthquake Insurance
- Private Mortgage Insurance (PMI)
- Title Insurance
Cal Coast Financial Corp can answer questions about these closing costs. Call us: (510) 683-9850.
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