Loan And Third-Party Charges
Costs can include lender charges, title services, appraisal and recording fees. Ask which charges are estimates and which are based on a current quote.
Prepaid Items And Impounds
Insurance premiums, prepaid interest and initial tax or insurance deposits may also be collected. They are different from the down payment.
Compare The Loan Estimate
Use the official Loan Estimate to review the rate, payment, closing costs and cash needed to close. Ask about any item you don’t understand.