Question

select the correct answer
what are closing costs?
a. various fees paid monthly along with rent
b. various fees paid every year as part of taxes
c. various fees paid when a home purchase is finalized

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Explanation:

Closing costs are the fees associated with finalizing a home purchase, including lender fees, title insurance, etc. Option A refers to monthly rent - related fees (not closing costs), Option B refers to annual tax - related fees (not closing costs). Option C correctly defines closing costs as fees paid when a home purchase is finalized.

Answer:

C. various fees paid when a home purchase is finalized