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What are the closing costs?

closing costs
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What are the closing costs?

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Closing costs, exclusive of title insurance premium, include attorneys fees, applications to the Central Bank for Approved Investment Status and to the Investments Board for a Certificate of Registration, recording fees, etc. Including title insurance, closing costs are approximately 3 to 3 percent of the purchase price.

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Closing costs are any costs of closing on mortgage over and above the actual cost of the home and include lawyer, appraisal, title insurances, deed transfer taxes, property taxes, etc. Closing costs can be substantial.

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