closing costs

Also found in: Financial, Encyclopedia, Wikipedia.

clos′ing costs`
various charges, as for title search paid by the buyer or seller of real property when the sale is executed.
References in periodicals archive ?
Compared to home values, Lane County ranks among the least expensive Oregon counties for home closing costs, according to a survey firm.
San Diego-based ClosingCorp[R] announced the results of a nationwide survey that shows roughly two-thirds of millennials who plan to buy a home are unaware of closing costs.
The Regions First Time Home Buyers Programme, which features a required home buyer counselling program, offers a fixed rate mortgage with no closing costs to the borrower (excepting pre-paid items).
BANKING AND CREDIT NEWS-August 6, 2014--Mortgage closing costs up in USA
M2 EQUITYBITES-August 6, 2014--Mortgage closing costs up in USA
Inventory levels are rising just slightly and they are seeing some movement/improvement in this sector which is good news, especially for buyers who want/need closing costs.
Some mortgage brokerage firms have begun advertising that they offer substantial credits to their customers -- often in the $2,000 to $5,000 range per loan but sometimes more than $10,000 -- that can be used to defray borrowers' closing costs.
Typically, closing costs for refinances are the same as those for new purchases, around three to six percent of the total amount.
For the second year in a row, New York is the most expensive state for mortgage closing costs, according to a survey from Bankrate.
Buyers will receive $10,000 for studios and one bedrooms, $15,000 fur two bedrooms and $20,000 for three bedroom units toward their closing costs.
Take closing costs into consideration when deciding whether or not to refinance.
The program offers a very low four percent fixed interest rate on mortgages of 30 or 40 years, 100 percent financing and reduced closing costs.