This fee pays the person arranging your new loan, the loan officer. Average closing costs vary here, because this fee most often equals one point, but can be higher. This is usually how your loan officer is paid. A point in mortgage lending equals 1% of the total amount of money you are borrowing (not paying). So, if you need to actually borrow $200,000, one point equals $2,000.
Fremont, California. For the unincorporated community in Yolo County, California, see Fremont, Yolo County, California. Fremont (/ËfriËmÉnt/ FREE-mont) is a city in Alameda County, California, United States. It was incorporated on January 23, 1956, from the merger of five smaller communities: Centerville, Niles, Irvington, Mission San Jose, and Warm Springs. The city is named after American explorer John Charles FrÃ©mont.
Mission San JosÃ© is a Spanish mission located in the present-day city of Fremont, California. It was founded on June 11, 1797, by the Franciscan order and was the fourteenth Spanish mission established in California. The mission is the namesake of the Mission San JosÃ© district of Fremont, which was an independent town subsumed into the city when it was incorporated in 1957. The Mission entered a long period of gradual decline after Mexican secularization act of 1833. Though numerous ...