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What are Closing Costs When Buying a Home?

In addition to the down payment, homebuyers typically pay closing costs. Closing costs are the collection of fees, expenses, and charges associated with purchasing a home with a mortgage loan. The costs associated with closing will vary depending on the property's price, the type of home loan, the lender, and whether the homebuyer is paying any "points" to lower the loan's interest rate. Learn more.


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