Mortgage Essentials: Understanding Settlement Charges (Closing Costs)

Mortgage Essentials: Understanding Settlement Charges (Closing Costs)

When you get a mortgage loan (either for purchasing a new home or refinancing your current mortgage), that loan will carry settlement charges, generally known as “closing costs.” These include things like points, appraisal fee, title search and insurance, survey, taxes, deed recording fee, credit report charge and other costs. Settlement costs include two types…