Mortgage closing costs are the fees that you must pay when purchasing a home. These fees cover administration costs for preparing mortgage documents, attorney fees, insurance premiums, taxes, and other expenses. Most homebuyers can expect to pay from 3% to 6% of the total loan amount in closing costs.
Mutual funds are a type of investment that pools money from numerous shareholders to invest in a variety of securities, such as stocks, bonds and money markets. These funds are an integral part of many investors’ wealth management strategies.
Market value is the agreed price of a good, service or another type of asset. It can also be used as a financial measure of the value of a company. When you can calculate market value, you have a tool to use to help guide investments, purchases and negotiations.
A money order is a paper document, similar to personal checks in that the person paying identifies who the money order is payable to and sets the dollar amount. Unlike checks, you must purchase money orders with cash upfront, rather than have the funds come out of your checking account.