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Practice English Speaking&Listening with: What are Closing Cost

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Hey have you ever wonder What are closing cost?

Saving for a down payment is a key step in the homebuying process, and its not the

only piece you need to include in your budget. Another factor thats important to plan

for is the closing costs required to obtain a mortgage.

There will be lots of paperwork in front of you on closing day, and not enough time

to read them all. Work closely with your real estate agent, lender, and attorney, if you

have one, to get all the documents you need ahead of time.

The most important thing to read is the closing disclosure, which shows your loan terms, final

closing costs, and any outstanding fees. Youll get this form about three days before closing

since, once you (the borrower) sign it, theres a three-day waiting period before you can

sign the mortgage loan docs. If you have any questions about the numbers or what any of

the mortgage terms mean, this is the time to askyour real estate agent is a great

resource for getting you all the answers you need.”

if you have any questions about the number or what any ot mortgage terms mean this is

the perfect time to contact your real estate agent they are a great resource to getting

you all your answers if you have any other questions feel free to follow the links below

and dont forget to subscribe. Thank you.

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