Business

Question

What are closing costs?

A) various fees paid monthly along with rent
B) various fees paid every year as part of taxes
C) various fees paid when a home purchase is finalized

2 Answer

  • i think it would be c
  • The answer is "C) various fees paid when a home purchase is finalized".


    The term "closing costs" incorporates an assortment of costs over the price tag of your property, for example, charges for a lawyer, a title seek, title protection, charges, bank expenses and some forthright lodging costs, for example, mortgage holders protection. A portion of those expenses are nonnegotiable, for example, recording or exchange charges charged by your state or nearby government. Others, for example, your loan specialist's expense, can be arranged. You may likewise have the capacity to consult with the home seller or your bank to cover a portion of your closing costs.

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