About Closing Costs
There are certain standard costs associated with closing the sale of a home. Buyers and sellers usually share these closing costs, as the real estate sales contract specifies.
As the list below indicates, many of the closing costs result from getting your mortgage. At Cal Coast Financial Corp, we are highly experienced in residential mortgage lending, so we can provide you with a comprehensive list of mortgage-related costs in your "Good Faith Estimate".
The Good Faith Estimate (Also know as the GFE)
Soon after you submit your application, we will give you a "Good Faith Estimate" of your closing costs. The closing costs spelled out in the GFE are estimated based on our experience with mortgage loans, but costs often vary by small amounts between delivery of the GFE and closing. We handle questions about closing costs every day at Cal Coast Financial Corp, so don't hesitate to ask if you have questions.
Below you'll find a general list of closing costs. We will always provide you with a specific list of your closing costs when we deliver your Good Faith Estimate.
Standard Closing Costs
- Appraisal Costs
- Pulling Your Credit Report
- Up-front Interest Payment
- Escrow Fees
- Various Taxes
- Loan-related costs
- Points — A fee paid to lower your mortgage interest rate (optional)
- Recording Fees and Transfer Taxes
- Flood or Earthquake Insurance if applicable
- Private Mortgage Insurance (PMI)
- Title Insurance
At Cal Coast Financial Corp, we answer questions about closing costs every day. Call us at (510) 683-9850.
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