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2. Closing (real estate) - Wikipedia

   en.wikipedia.org/wiki/Closing_(real_estate)

   The closing: On the closing date, the closing documents are signed by the buyer and seller. [9] On this day, the seller may also deliver possession to the buyer, typically by giving the buyer keys to the property. [10] Post closing: The signed documents are recorded at the recording office. [11] Title insurance is issued during this time. The ...

3. How much are closing costs when selling a house? - AOL

   www.aol.com/finance/much-closing-costs-home...

   Closing costs encompass the various fees and expenses associated with completing a real estate transaction. Buyers aren’t the only ones who pay closing costs — both the buyer and the seller ...

4. Discount points - Wikipedia

   en.wikipedia.org/wiki/Discount_Points

   For each point purchased, the loan rate is typically reduced by anywhere from 1/8% (0.125%) to 1/4% (0.25%). [1] [2] Selling the property or refinancing prior to this break-even point will result in a net financial loss for the buyer while keeping the loan for longer than this break-even point will result in a net financial savings for the buyer.

5. ‘Cash to close’: What it means and how it works - AOL

   www.aol.com/finance/cash-close-means-works...

   Key takeaways. Cash to close is the total sum you’ll need to pay when you close on a home purchase. It includes more than just closing costs, such as prepaid expenses and the remaining down payment.

6. Seller's points - Wikipedia

   en.wikipedia.org/wiki/Seller's_points

   Buyers can use seller's points to pay for prepaid costs, mortgage interest or temporary rate buydowns. [3] This means that if you have money in savings that you must retain, you could ask the seller to pay for a 1 to 2 percent interest rate reduction for a year or prepay your interest, homeowner’s association fees or homeowner’s insurance for a set period.

7. Adjustable-rate mortgage - Wikipedia

   en.wikipedia.org/wiki/Adjustable-rate_mortgage

   This is the percentage points that lenders add to the index rate to determine the ARM's interest rate. Interest rate caps. These are the limits on how much the interest rate or the monthly payment can be changed at the end of each adjustment period or over the life of the loan. Initial discounts. These are interest rate concessions, often used ...