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Definitions of Closing Costs!
Closing costs are services rendered during the process of an escrow.
"Closing Costs" can range anywhere from 1.5 to 2.5 percent of the purchase price.
The percentage difference depends mostly on the Lender Fees...In other words, "What are the fees to borrow the money?"
This is why it's important to "Shop-Lenders". Find the loan you want, but with the lowest fees.
The two charts below will help define what, and to whom, each cost is to be paid for at the "close of escrow"....
