About Closing Costs
"Closing Costs" are the fees which cover the various services involved in the sale of a home. Buyers & sellers often negotiate to determine who will pay different portions of these closing costs.
As you'll see below, many of the buyer's closing costs are related to the costs of getting the mortgage loan. Since C2 Financial Corporation has extensive experience with closings & mortgages, we are closing cost experts.
The Good Faith Estimate (GFE)
Very shortly after you submit your application, we will provide you with a "Good Faith Estimate" of your closing costs. We base this closing cost estimate on our many years of past experience. It's important to note that while our GFEs are very precise, we can't always predict your closing costs to the penny. We explain GFEs with buyers almost every day, so we will be happy to answer any questions you have about closing costs.
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 C2 Financial Corporation, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs
- Escrow Fees
- Loan Origination Fee
- Points — A fee paid to lower your mortgage interest rate (optional)
- Appraisal Costs
- Credit Report
- Up-front Interest Payment
- Recording Fees & Transfer Taxes
- Flood / Quake Insurance
- Private Mortgage Insurance (PMI)
- Title Insurance
C2 Financial Corporation can answer questions about these closing costs. Call us: (727) 478-2797.
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