Newsflash: Why do closing costs even exist?

The lender gets to tack on all these silly fees and costs that are part of the hidden costs of buying a home. Why aren’t these routine costs already built in to the interest rates? Why do they think this is a better model than a more straight forward process?

Read more at https://www.reddit.com/r/RealEstate/comments/6rcp9z/why_do_closing_costs_even_exist/?utm_source=ifttt

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