Home > Personal > Personal Lending > Mortgage > Mortgage Resources > Glossary > Credit Credit November 9, 2021 A lender may reduce the actual amount of the closing costs by a credit in order to offer more competitive fees.You Might Also Like: All Things CommunityReviewing Random Acts of Kindness 2023 Everyday MoneyWhat are ACH Payments and How Do They Work? Family MattersFun Games to Teach Kids About Money Everyday MoneyWhat is the Difference Between a Credit Card and a Debit Card? Family MattersBudget Friendly Easter Basket Ideas
