Bite-Sized Learning: Closing Costs
Closing Costs! What are closing costs? Closing costs are what you pay on the day your purchase your home. They range anywhere between 2-5% of the loan amount. And they mainly consit of fees. Fees for appraisals, pulling credit, or inspections. Please tell me we passed the pest inspection! We’re not running an ant farm! Normally both buyer and seller contribute towards the closing costs. Depending on the market you are in these can be negotiated.