Despite the implementation of the TILA-RESPA integrated disclosure rule, more than half of homebuyers continue to be surprised by closing costs, according to a report from ClosingCorp.

When asked what surprised them where closing costs were concerned, 17% of homebuyers said they were surprised the costs were even required, ClosingCorp found after surveying 1,000 first-time and repeat homebuyers. Another 35% were surprised that their closing costs and fees were higher than expected.

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