Asked by Thomas Terry  |  Submitted March 24, 2014

What are settlement charges?

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  Answers  |  1

March 25, 2014

Hi Thomas:

Settlement charges are going to be the fees that you pay at closing for the cost of purchasing (or refinancing) a home. There will be charges from the lender, the settlement company, and there are usually recordation taxes paid as well to the county / state. I hope this helps and if you have any additional questions, let me know. I am a licensed mortgage originator in the state of PA and our company is licensed in 46 states. Good luck.

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