TeachMeFinance.com - explain closing costs
costs -- customary costs above and beyond the sale price
of the property that must be paid to cover the transfer of ownership
at closing; these costs generally vary by geographic location and
are typically detailed to the borrower after submission of a loan
Closing Costs -- Various fees required to conclude a real estate transaction.
closing costs -- expenses paid by a buyer and/or seller for the cost of processing the sale or financing of real property. Such costs include loan fees, title fees, and appraisal fees.
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