Buyer Closing Costs Explained

Understanding Buyer Closing Costs

One of the least understood costs that a buyer will encounter when purchasing a house are buyer closing costs.  In part, this is because buyer closing costs come from different sources. There are lender fees, prorations for taxes and home owner’s insurance as well as funding the escrow account, title and escrow charges, title insurance, and HOA fees such as transfer and capital improvement fees. To understand the details, continue reading.

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