The Closing Process

Preparing for closing
Understanding closing costs
Setting a closing date
At your closing
After your closing

   100 Questions & Answers
   Homebuyer's Dictionary (glossary)

Understanding closing costs

You will probably have expenses in three different categories:  government-imposed closing costs; mortgage-related closing costs; and buyer costs to the seller.

Mortgage-related costs paid at closing may include: loan origination fee, loan discount points, mortgage insurance, appraisal fee, prepaid interest, escrow accounts, credit report fee.

Any special agreements you've made with the seller regarding your costs versus his or hers should be specified clearly in the sales contract.

Next page

Home      Program Search      Home Buying Process      Consumer Issues      Education      About MHP

This site is sponsored by the MIAMI Association of REALTOR®
Copyright © 2012 Kansas City Regional Association of REALTORS®