Related FAQs
Prepaid costs are payments made at closing for upcoming line items of your new home loan. They're called "prepaid" costs because you're paying for them before they are technically due. The most common kinds of prepaid costs are homeowners insurance, property taxes, and mortgage interest. These are paid into an escrow account to ensure that you have money to pay your bills when they become due. Read more
Prepaid costs are payments made at closing for upcoming line items of your new home loan. They're called "prepaid" costs because you're paying for them before they are technically due. The most common kinds of prepaid costs are homeowners insurance, property taxes, and mortgage interest. These are paid into an escrow account to ensure that you have money to pay your bills when they become due. Read more
Learn the key difference between lender’s and owner’s title insurance. Read more
Learn the key difference between lender’s and owner’s title insurance. Read more
What is a purchase contract in real estate? Learn how this binding agreement between buyer and seller works, what it includes, and why state laws matter. Read more
What is a purchase contract in real estate? Learn how this binding agreement between buyer and seller works, what it includes, and why state laws matter. Read more