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Closing Costs
What costs can I expect to pay at the
closing of my loan? Closing costs will average an additional $800. Costs include: appraisal, credit report, escrows for taxes and Homeowner's insurance, recording fees, title insurance, and others. You will also need to prove that you have purchased Homeowner's insurance. You should review all of these costs carefully with your loan officer so you aren't surprised at closing. Can I sell something I own to come up
with the closing costs? Yes, if you can provide proof of ownership, proof of the sale, and the fair market value of the item sold.
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