Question

Additional fees that are paid when finalizing a home purchase are also known as _____.

Answer 1

The answer is "closing cost", because if you're at the end of buying your house then its called a "closing cost".

Answer 2

Additional fees that are paid when finalizing a home purchase are also known as "closing costs".

Closing costs allude to the charges and expenses that are paid when a house buy is settled. The two purchasers and sellers pay shutting expenses to the specialist organizations who help encourage the exchange. Normally, the purchaser's expenses incorporate home loan protection, mortgage holder's protection, examination charges and property charges, while the merchant covers possession exchange expenses and pays a commission to their land operator. Purchasers frequently consult with their new home's dealer to cover a portion of their closing costs.