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
 

A little research could save you BIG on interest.

Don't have time? Our rate-tracker tool saves you time and money. Delivered Thursdays.
 
advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

Chrysler recall for car ignition fix

The Chrysler Group has announced a recall of 349,442 cars for a potential problem that can cause the ignition key to become stuck or inadvertently move.  ... Read more


Connect with us