IK Financial Metarials
Mortgage Glossary

Mortgage 101 - Closing Costs

Mortgage 101
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What are the “Closing Costs”?
Additional Costs that are associated with the completion of transaction and which are payable on or before the closing date.
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Here are some examples of the Closing Costs listed by CMHC:
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🔹 Land transfer tax
🔹Appraisal fee (if applicable)
🔹 Estoppel certificate fee (for condominium/strata unit)
🔹 Home inspection fee (if applicable)
🔹 Land registration fee (if applicable)
🔹 Legal fees and disbursements
🔹 Prepaid property taxes and/or utility bills adjustment
🔹 Property insurance
🔹 Survey or certificate of location cost
🔹 Title insurance
🔹 Additional builder fees on new construction
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Contact IK Financial Today and make Your Dream come True this Spring:
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