Related FAQs
When you start considering whether it’s the right time to buy a house, the first step is understanding what costs are involved. Read more
When you start considering whether it’s the right time to buy a house, the first step is understanding what costs are involved. Read more
Learn the function of a title company and see how Better Settlement Services helps streamline the homebuying process for borrowers. Read more
Learn the function of a title company and see how Better Settlement Services helps streamline the homebuying process for borrowers. 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
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