With this kind of knowledge, buyers will know how to estimate closing costs when negotiating the purchase price. Here is a listing of common closing costs: Loan Origination Fee â percentage of the loan amount charged by the lender for processing the transaction. Credit Fee â This is a fixed cost fee charged by the lender for running credit reports.
Timber framing is a style of construction which uses heavier framing elements than modern stick framing, which uses dimensional lumber. The timbers originally were tree boles squared with a broadaxe or adze and joined together with joinery without nails. Modern timber framing has been growing in popularity in the United States since the 1970s.
â¢ TIMBER (noun). The noun TIMBER has 5 senses: 1. the wood of trees cut and prepared for use as building material. 2. a beam made of wood. 3. a post made of wood. 4. land that is covered with trees and shrubs. 5. (music) the distinctive property of a complex sound (a voice or noise or musical sound). Familiarity information: TIMBER used as a noun is common.