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Understanding Real Estate Vocabulary • July 16, 2024

What are Closing Costs: Understanding Real Estate Vocabulary

by Luke DeLacey

Closing in itself is the completion of a financial transaction, in this case, buying a home.

Closing costs are different because it refers more specifically to upfront fees that are charged in connection with the closing the mortgage loan. These are fees paid by the buyer, but in few cases the seller may also have closing fees

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