Definition
Closing Costs
All fees and charges payable at closing beyond the down payment, including loan costs, title, government charges, prepaids and escrow reserves.
Nearby terms
Certificate of Eligibility
The VA document confirming a borrower's entitlement to VA loan benefits.
Chain of Title
The sequence of recorded ownership transfers for a property, from the earliest record to the present owner.
Closing Disclosure
The five-page federal form detailing final loan terms and costs, required at least three business days before consummation.
Cloud on Title
Any claim, lien or encumbrance that impairs clear ownership and must generally be resolved before a sale can close.
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