About Closing Costs
All residential real estate sales incurs costs. Sellers and buyers usually share these closing costs, as specified in the real estate sales contract.
Many of the closing costs associated with buying a home are associated with getting a mortgage. Since Cal Coast Financial Corp is highly experienced with mortgages and closings, we often explain the details of closing costs.
Good Faith Estimates (GFEs)
Soon after you apply for a loan, we'll provide you with a "Good Faith Estimate" of your costs. The closing costs specified in the GFE are estimated based on our experience with mortgage loans, but costs often vary by small amounts between the GFE and closing. We field buyers' questions about closing costs every day at Cal Coast Financial Corp, so please be sure to ask if you have questions.
We've provided a general list of these costs below, but we will provide you a specific list of closing costs, with amounts, very soon after you have completed your application. At Cal Coast Financial Corp, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs
- Various Taxes
- Loan-related costs
- Points — lower your interest rate (optional)
- Appraisal Costs
- Credit Report
- Up-front Interest Payment
- Escrow Fees
- Transfer Taxes & Recording Fees
- Flood or Quake Insurance if applicable
- Private Mortgage Insurance (PMI)
- Title Insurance
At Cal Coast Financial Corp, we answer questions about closing costs every day. Give us a call at (510) 683-9850.
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