real estate

What are closing costs?

 

What are closing costs?

The Bankrate.com financial term of the day is: "closing costs."

Have you ever bought or sold a house or condo? There's enough signing to give a person writer's cramp, and when you look at your closing statement you might see a ton of fees and charges.

The various expenses that buyers and sellers pay to complete a real estate transaction are called closing costs.  They can include lender fees, title charges, such as title insurance, and government recording fees.

The sale of property can be something of a fee-for-all thanks to closing costs, all those pesky charges beyond the purchase price.

To find a great rate on a home loan, visit the Mortgage section at Bankrate.com.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
MORTGAGE & REAL ESTATE NEWSLETTER

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.

Blog

Greg McBride

Greg McBride: Lay down ARMs?

Don't rule out adjustable-rate mortgages as interest rates rise.  ... Read more

advertisement
Partner Center
advertisement

Connect with us