Tag Archive for: non-recurring closing costs

What Are The Average Closing Costs in California?

/in ,
Closing costs are the various fees and charges buyers face when buying a home that are required in order to close on a loan. But what are the average closing costs in California? Closing costs typically run between 2% and 5% of the home’s purchase price for homebuyers in California. However, many closing costs vary with the price of the home or the loan amount.Read More

The “No Out of Pocket” Scam; Worst Advice Ever!

/in ,
Borrowers often send us refinance proposals from other lenders to review so we can either beat the proposal or give our blessing. One of the things that always scares us […]Read More

Closing Cost Credits for Impounds and Transfer Taxes Too

/in , ,
We frequently remind Realtors that credits for closing costs can be for both recurring and non-recurring closing costs. Credits should always just be for “closing costs” without delineating “recurring” and […]Read More

Mass “Disclosures” – What To Look For?

/in ,
All mortgage lenders force borrowers to read, digest and sign an enormous quantity of “disclosures,” closing documents, and/or forms full of boilerplate and terms. There is often more than borrowers […]Read More