customary closing costs - refinance
Post on 11-Mar-2016
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What you typically pay for in a refinance transaction.
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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