|
||
|
||
| Home | Ask Your Question | Mortgage Glossary | ||
ClosingThe
meeting between the buyer,
seller
and lender
or their agents where the property and funds legally change hands. Also
called settlement.
Closing
costs usually include an origination
fee, discount
points, appraisal
fee, title
search and insurance,
survey,
taxes,
deed recording
fee, credit
report charge and other costs
assessed at settlement. The cost of closing usually are about 3 percent
to 6 percent of the mortgage
amount. |
|
||||||
|
|
>>>> |
 |
<<<< | ||||
Books about Closing Costs: |
|||||||
|
|
Search More Info On: |
|
|
Related Mortgage Definitions: Closing Costs Closing Costs Expenses incurred by the buyer and seller in a real estate or mortgage transaction. There are two types of costs: recurring and non recurring. Non-recurring costs are one time transactional costs ... more... Settlement Costs, Closing Costs Settlement Costs, Closing Costs Expenses incurred by the buyer and seller in a real estate or mortgage transaction. There are two types of costs: recurring and non recurring. Non-recurring costs are one time ... more... Closing Closing The meeting between the buyer, seller and lender or their agents where the property and funds legally change hands. Also called settlement. Closing costs usually include an origination fee, ... more... HUD 1 HUD 1 A closing document required by HUD that outlines the settlement cost of a loan. The closing agent prepares this document and sends it to the buyer upon closing. The Department of Housing and Urban Development (HUD) was established by the Housing and Urban Development ... more... |
||
