Related FAQs
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
"Can I roll closing costs into a mortgage?" Here you'll discover how to include upfront costs in your new loan, as well as its advantages and disadvantages. Read more
"Can I roll closing costs into a mortgage?" Here you'll discover how to include upfront costs in your new loan, as well as its advantages and disadvantages. Read more