Closing Costs
Closing costs are costs, in addition to the purchase price of a home, such as loan fees, legal fees, discount fees, inspection fees, transfer fees, and disbursements, that are payable when closing the loan usually on the closing date.
Closing costs typically range from 2%-4% of a home's selling price. The closing
date is the date on which the sale of a property becomes final and the new
owner takes possession.
Click for more mortgage glossary terms relating to remortgaging.