You’ve found the Santa Cruz home you want to buy, and now you’re ready to finalize your mortgage. But the multitude of closing costs associated with the mortgage is confusing. To help you navigate the mortgage world, here are descriptions of many of the charges you may incur when obtaining a mortgage to purchase your home:
• Recording fees for the deed: This pays the county clerk to record the deed and mortgage and change the property tax billing.
• Other state and local fees: This can include mortgage taxes levied by the state as well as other local fees.
• Pro-rated taxes: Taxes for schools and municipalities.
• Title search costs: Usually your attorney or title company will arrange for the title search to make sure there are no obstacles to