When a home buyer sets out to purchase their first home they quickly discover that there are a lot of details involved. To make matters worse, the details vary depending on each individual buyers situation. While the general process is the same for each transaction, the details are likely to be somewhat different in each case.
Real Estate By The Numbers – Understanding Closing Costs
January 26, 2012 by
Closing costs are those costs associated with the purchase of a home or investment property. They are paid “at the closing of escrow”. For the typical home buyer who is purchasing a home to live in, the majority of the closing costs are usually related to the loan.
