Closing Costs Financial Glossary

What is it? Expenses incidental to a sale of real estate, such as loan fees, title fees, appraisal fees, etc.

Finance Term Definition Added By: Zoe

The Closing Costs definition has been viewed 1675 Time(s)!

Send To Friends!

If you'd like to send the Closing Costs definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Closing Costs. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Repossession is This is when a borrower fails to pay back their loan in accordance with the terms and conditions of their loan and the lender takes legal ownership of the property.

Financial Term ACCU is Accumulate

Financial Term Growth Fund is A mutual fund that invests primarily in stocks for capital appreciation, as opposed to current income.

Financial Term LoantoValue Ratio (LTV) is The ratio determined by dividing the balance of a mortgage loan by the appraised value of the real estate. For instance, if the balance on a mortgage loan is $80,000 and the appraised value of a home is $100,000, the LTV is 80%.

Financial Term Downpayment is The difference between the sales price of real estate and the mortgage amount.