article thumbnail

How Much Are Closing Costs in California?

HomeLight

Richie Helali , a licensed senior mortgage advisor at HomeLight Home Loans , says that closing costs are most often paid through wire transfer or certified check, along with the down payment for your home loan. Note that some items are based on a percentage of the loan amount. We’re seeing more rate buydowns from sellers.

article thumbnail

The Key Paperwork You Need to Sell a House, With or Without a Realtor

HomeLight

The payoff amount is the total you’ll have to pay to satisfy the terms of your mortgage loan, including any interest you owe until the day you plan to pay your loan in full. If a buyer’s mortgage lender requires a copy of the homeowners insurance, you’ll need to provide it for the loan to be approved.

article thumbnail

Selling a House ‘As Is’ in California

HomeLight

California law requires sellers to disclose material facts about the property through the California Association of Realtors Real Estate Transfer Disclosure Statement and natural hazards in the Natural Hazard Disclosure Report/Statement. Be aware of minimum property standards for certain loans.

As-is 96