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Closing costs are the non-reoccurring costs associated with purchasing or refinancing real estate.
Its the sum of fees paid to the mortgage company, the attorney, the title company, the appraiser, the credit bureau, and others in order to help you get the loan. These fees can be reduced by increasing the interest rate, in which case the lender pays some of the closing costs now for increased revenue later. For straight answers to important questions, contact us. Home Loans at Low Cost AR, CO, GA, NC, and TX only.