Published January 17, 2020 via https://magazine.realtor/daily-news/2020/01/17/what-exactly-do-closing-costs-cover
A home costs more than just the sale price. For example, closing costs- which make up about 2% to 5% of the home's purchase price- are a major added expense. Michael Hyman, a research data specialist at the National Association of REALTORS®, shares the charges that make up closing costs in a post at the association's Economists' Outlook blog so that home buyers can be prepared.
Lenders provide a Closing Disclosure at least three business days prior to closing on a mortgage.
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