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  2. Closing costs: What are they and how much are they? - AOL

    www.aol.com/finance/closing-costs-much-175340844...

    Mortgage closing costs are the fees associated with buying a home that you must pay on closing day. ... There may be a fee for the mortgage closing attorney cost. Closing costs paid by the seller.

  3. How much are closing costs when selling a house? - AOL

    www.aol.com/finance/much-closing-costs-home...

    The legal fees will be due at closing. Mortgage payoff: If you still have a mortgage on the home you’re selling (which is not uncommon), that will need to be paid off before the sale is ...

  4. Who pays closing costs, the buyer or the seller? - AOL

    www.aol.com/finance/pays-closing-costs-buyer...

    Concessions: Many sellers agree to pay a portion of the buyer’s costs to sweeten the deal — for example, a seller may cover the cost of a needed repair discovered in the home inspection.

  5. Seller's points - Wikipedia

    en.wikipedia.org/wiki/Seller's_points

    Buyers can use seller's points to pay for prepaid costs, mortgage interest or temporary rate buydowns. [3] This means that if you have money in savings that you must retain, you could ask the seller to pay for a 1 to 2 percent interest rate reduction for a year or prepay your interest, homeowner’s association fees or homeowner’s insurance for a set period.

  6. ‘Cash to close’: What it means and how it works - AOL

    www.aol.com/finance/cash-close-means-works...

    Closing costs: Both buyers and sellers will pay closing costs of some kind — for buyers, they generally include fees related to the mortgage financing, such as loan origination, credit check ...

  7. How much money do you get when you sell your home? - AOL

    www.aol.com/finance/much-money-sell-home...

    The agent’s fees and closing costs are paid out from that, as is the mortgage payoff. The net proceeds are then paid to the seller. The buyer can usually provide the money via cashier’s check ...

  8. Closing costs - Wikipedia

    en.wikipedia.org/wiki/Closing_costs

    Private mortgage insurance (PMI), paid by the buyer but may be reimbursed by the seller. Lenders will typically require that a mortgaged property be insured if the down payment is less than 20 percent, and will usually require that the first full year's mortgage insurance premium (MIP) be paid in advance by the buyer. If the buyer has not ...

  9. Discount points - Wikipedia

    en.wikipedia.org/wiki/Discount_Points

    Also directly related to points is the concept of the 'no closing cost loan', in which the consumer accepts a higher interest rate in return for the lender paying the loan's closing costs up front. In some cases, a purchaser can negotiate with the seller to get them to pay seller's points which can be used to pay mortgage points.

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