Re: Explanation of Closing cost when selling a home
If you are inquiring to closing costs from the lender(bank), they are usually paid by the buyer, unless the seller has made an agreement to cover the costs. Closing costs typically consist of underwriting, processing, broker fees,origination (1-2%) title ins, escrow. It usually depends on the size of the loan, but again, usually the buyer pays for closing costs.
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Kevin
klu@nationwidemortgage.net
Nationwide Mortgage
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