Related FAQs
Wondering how long it takes for a pre-approval letter? Discover what impacts the timeline and how you can speed up the process to get pre-approved quickly. Read more
Wondering how long it takes for a pre-approval letter? Discover what impacts the timeline and how you can speed up the process to get pre-approved quickly. Read more
What does comparable sale mean in real estate? Discover how comps play a key role in home valuations and why they matter when buying or selling property. Read more
What does comparable sale mean in real estate? Discover how comps play a key role in home valuations and why they matter when buying or selling property. 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