Tuesday, April 11, 2017 / by Ryan Fellows
What Are Closing Costs?
Closing costs can sneak up on some people during a real estate transaction and become an unplanned fee.
This information can assist to ensure you are prepared and extra costs do no sneak up on you.
Closing costs are any fees that are associated with the closing of a real estate transaction, which is the transferring of the title from seller to buyer. These costs can be paid by the buyer, the seller, or a mixture of both.
If you have bought or sold real estate recently, you will know that most items and costs throughout the transaction are negotiable. Closing costs are no exception.
Closing costs can be a multitude of fees that can include:
-Fee for running credit report
-Lender Fees- costs for processing loan
Your lender is required to provide you with a Loan Estimate within 3 days of a completed loan application. Typically you can expecte ...