Posted on: 13th Feb, 2009 05:32 pm
What are these? Who pays them? When do they get paid?
Closing costs are fees required to close your loan. Your question is a broad one and is not answered easily. Check out the "helpful references" over to the right as your first stop for information. You can also find answers to your closing cost question below.
Hi bojellie!
Welcome to forums!
The costs are typically paid at the closing (i.e. when a contract is made and the title of the property is transferred to the buyer), are known as closing costs. The closing costs include Recording fees, Document Stamps or Taxes, Pre-paid Property Insurance, Survey fee, Brokerage Commission, Attorney fees, Title service costs, Mortgage Application Fees, Points, Appraisal Fees, Inspection Fees, Home Warranties, Pro-rata property taxes, Pro-rata Homeowner Association Dues and Pro-rata Interest. These fees are paid by the buyer.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
The costs are typically paid at the closing (i.e. when a contract is made and the title of the property is transferred to the buyer), are known as closing costs. The closing costs include Recording fees, Document Stamps or Taxes, Pre-paid Property Insurance, Survey fee, Brokerage Commission, Attorney fees, Title service costs, Mortgage Application Fees, Points, Appraisal Fees, Inspection Fees, Home Warranties, Pro-rata property taxes, Pro-rata Homeowner Association Dues and Pro-rata Interest. These fees are paid by the buyer.
Feel free to ask if you have further queries.
Sussane
