A: Closing costs are fees associated with finalizing your mortgage, such as appraisal fees, title insurance, and lender fees. Typically, both the buyer and seller pay a portion of the closing costs.
Q: Can I get a mortgage with a low credit score?
A: Yes, there are mortgage options available for borrowers with lower credit scores. FHA loans, for example, are designed for first-time homebuyers and those with lower credit scores. However, you may have to pay a higher interest rate.
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