Which of the following is an example of a closing cost?
A)origination fee
B)mortgage application fee
C)earnest money
D)deed recording fee
E)down payment

Question

Quizplus · Accepted Answer

A deed recording fee is an example of a closing cost, as it is the fee charged by local government offices to record the purchase and transfer of property. The other options are not considered closing costs. The origination fee and mortgage application fee are considered lender fees, while earnest money is considered a deposit and the down payment is considered part of the overall purchase price of the property.

Which of the Following Is an Example of a Closing