Other common deferred expenses include startup costs, the purchase of a new plant or facility, relocation costs and advertising expenses. Both prepaid expenses and deferred expenses are important aspects of the accounting process for a business. As such, understanding the difference between the two terms is necessary to report and account for costs in the most accurate way.
Tip: Get the lender to pay the closing costs. If you're short on cash for the closing costs and can't roll the closing costs into the mortgage, some lenders will pay part or all of the closing costs, but in exchange you'll have to pay a higher interest rate on the loan, perhaps 0.25% or 0.50% higher.
The difference is that-if you had paid your own closing costs-you could have got the house for $198,000.. Counteroffers went back and forth until the final figures were agreed upon. When a seller pays your closing costs, what makes it a deal is that it takes you less cash to buy the home.You don't save any money -- you just save it for now. ...and that can be very important, especially if your funds are limited.August 2002 by RealEstate ABC.he difference is that-if you had paid your own closing costs-you could have got the house for $198,000.. Counteroffers went back and forth until the final figures were agreed upon. When a seller pays your closing costs, what makes it a deal is that it takes you less cash to buy the home.