Closing
Cost
Closing Cost: The costs and
or refinance, associated with the official change in
ownership of the property and with obtaining your mortgage
that are assessed at the closing . Closing costs include
required certifications, insurance, taxes and other fees,
and typically total between 0 and 6 percent of the mortgage
amount. Closing costs for loans are fees paid
at the closing of a real estate secured loan. These may
include an appraisal fee, title search and insurance,
survey, taxes, deed, recording fee, credit report charge and
other costs assessed at settlement.
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