About Closing Costs

"Closing Costs" are the fees which pay for various services involved in the sale of residential real estate. Buyers and sellers often negotiate the payment of these costs.

As the list below indicates, many of the costs result from getting your mortgage loan. At Custom Lending Group, we have extensive experience in mortgage lending, so we can provide you with a comprehensive list of closing costs related to your mortgage in your "Loan Estimate".

Loan Estimates (LEs)

Soon after you apply for a loan, we'll provide you with the "Loan Estimate" of your closing costs. The cost estimate comes out of the loan officer's past experience. It's important to note that while our LEs are very accurate, we cannot always estimate your costs to the penny. We go over LEs with buyers every day, so we are happy to answer the you have about closing costs.

Below is a fairly generic list of closing costs. We will provide a specific list of your closing costs when we give you a Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Costs related to "originating" your loan
  • Points — lower your mortgage interest rate (optional)
  • Appraisal Costs
  • Obtaining Your Credit Report
  • Interest Payment
  • Escrow Account
  • Taxes
Property Taxes
  • Recording Fees and Transfer Taxes
  • Insurance
Homeowners Insurance
  • Title Insurance
  • Flood / Earthquake Insurance if applicable
  • Private Mortgage Insurance (PMI)

Custom Lending Group can help you understand closing costs. Give us a call at (707) 252-2700.

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