A: Closing costs are fees associated with finalizing your mortgage, such as lender fees, title fees, and appraisal fees. The buyer typically pays the majority of closing costs, but the seller may contribute as well.
Q: Can I make extra payments on my mortgage?
A: Yes, making extra payments on your mortgage can help you pay off your loan faster and save money on interest. Some lenders may charge a prepayment penalty, so be sure to check the terms of your loan.
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