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Q:Irecently refinanced my company's existing debt and wasastounded by the loan's closing costs. I almost walked away,but the terms were too good to pass up. Could I have done somethingto lower my closing costs?
A:Most people are so thrilled to get approval from their lenders,they forget to ask how much it will cost to get the check.Normally, closing costs include commitment or facility fees fromthe bank itself as well as the fees incurred by third parties toclose the loan according to the lender's requirements. Thesecosts may include title searches, appraisals, environmentalstudies, attorney fees and taxes.
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