A closing statement stands as a form utilized in a real estate transaction that contains an itemized list of all the buying or selling costs associated with that transaction.
<h3>
What is Closing statement?</h3>
A closing statement stands as a form utilized in a real estate transaction that contains an itemized list of all the buying or selling costs associated with that transaction. It's a standard component of home sales, especially those that concern mortgages, and refinancing's. To summarize and facilitate the financial transaction on the day of closing.
A document commonly utilized in real estate transactions, detailing the fees, commissions, insurance, etc. that must be transacted for a successful transfer of ownership to bring place exists understood as a closing statement. The closing statement stands as a spreadsheet document that constitutes the statement of actual settlement costs and it is usually furnished by a real estate agent to a home seller while the bank provides it to the home buyer.
To learn more about Closing statement refer to:
brainly.com/question/1470155
#SPJ4
