Understanding Mortgage Terms for Home Buyers
Realty Biz
AUGUST 12, 2023
In a mortgage agreement, the buyer borrows money from the lender (usually a bank) and agrees to pay it back with interest over a specified period. Closing Costs : Fees and other costs that need to be paid when closing on a house. These can include title search fees, appraisal fees, attorney fees, and more.
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