What are Closing Costs?

	Shopping for a mortgage? We'll be glad to discuss your mortgage needs! Call us at 949-380-6837. Ready to begin? Apply Now.

There are certain standard costs associated with closing the sale of a home. Sellers and buyers almost always share these closing costs, as the real estate sales contract specifies.

Many of the closing costs associated with buying a house are associated with getting a loan. At Crossline Capital, we have extensive experience in residential mortgage lending, so we can compile a comprehensive report on mortgage-related costs in your "Good Faith Estimate".

Good Faith Estimates (GFEs)

Very shortly after you apply for a loan, we'll provide you with the "Good Faith Estimate" of your costs. This cost estimate comes out of our past experience. It's important to note that while our GFEs are very accurate, we cannot always estimate costs to the penny. We answer questions about these costs every day at Crossline Capital, so please feel free to ask if you have questions.

We've provided a general list of these costs below, but we will give you a specific list of closing costs, with amounts, very soon after you have completed your loan application. At Crossline Capital, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs

• Credit Report
• Up-front Interest Payment
• Escrow Account
• Various Taxes
• Loan Origination Fee
• Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
• Appraisal Fee

Property Taxes

• Transfer Taxes & Recording Fees
• Insurance

Homeowners Insurance

• Title Insurance
• Flood or Earthquake Insurance if applicable
• Private Mortgage Insurance (PMI)

Crossline Capital can answer questions about these closing costs. Call us at 949-380-6837.