what are closing costs

Closing costs are important fees that you should know about if you are considering applying for a mortgage. These fees vary depending on the lender and are usually 2% to 6% of the amount you are borrowing.

By understanding how closing costs work and which fees are typically included, you can save money by going through a lender that offers the lowest fees. The savings can be significant. 

What Are Closing Costs?

Closing costs are fees for various services that are part of the mortgage application process. They get their name because they are usually paid on the day of …