What are closing costs & how much should I budget for them? #mortgage #mortgagetips #closingcosts #h

What are mortgage closing costs and how much should I spend? Mortgage closing costs are costs you incur to get a mortgage. Typically, they're lender costs, they're prepays, they're title costs, things of that nature. Most houses that you purchase, unless they're a million dollars or more, you're typically paying $5,000, $6,000, $7,000 for closing costs in most cases.

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