When buying a home in the United States, there are a number of closing costs that must be paid in order to complete the purchase. Closing costs are the fees associated with transferring the title of a property from the seller to the buyer. In this article, we will discuss the different types of closing costs, what they cover, and how much they typically cost in the US.
What are Closing Costs?
Closing costs are expenses that are due at the end of the home buying process. They are usually paid by the buyer and sometimes the seller. These costs typically include taxes, title insurance, title search fees, appraisal fees, loan origination fees, and other miscellaneous charges. The total cost of closing costs can vary greatly depending on the state and county where the home is located, the type of loan used to finance the purchase, and other factors.
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