When you are at the closing of a real estate transaction you may hear the term “prepaid interest.” Here is what it means… Prepaid interest charges are charges due at closing for…
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good faith estimate
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Closing costs are fees buyers often pay related to the purchase of a home. Typical closing costs include things like: Mortgage origination fees or loan discount points paid to a lender.…
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The Real Estate Settlement Procedures Act (or RESPA) is a consumer protection statute relating to real estate transactions. RESPA requires that consumers receive disclosures at various times in the transaction –…