Transcript

Guide toCustomary Closing CostsGuide toThe Borrower normally pays for:

Escrow fee

Lender’s title policy premiums (ALTA)

Document preparation (if applicable)

Property taxes currently due

Recording charges for all documents in borrower’s names

Reconveyance Fees

Home Owner’s insurance premiums currently due

Inspection fees if required by lender: roofing, property, geological, pest, etc.

Interim interest on new loan from date of funding to first payment date

All associated loan charges

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