Closing costs include the lender's origination fees, title and settlement fees, taxes and
prepaid items such as homeowners insurance or homeowners association fees.
These fees include
items such as the appraisal, lender origination fees, escrow handling charges, wire transfer fees, discount points, lender's title insurance and
prepaid taxes and insurance premiums.
The following do not qualify as purchases: payments of existing card balances, balance transfers, cash advances, ATM transactions, convenience checks, fees charged by us (for example, finance charges, and related service charges, if any apply), purchases of
prepaid cards or reloadable cards
such as certain gift cards, purchases of quasi-cash
items (for example, casino chips), purchases of cash equivalents or payment instruments that can readily be converted to cash (for example, travelers» cheques, money orders, wire transfers, and similar products or services), or purchases made using a Personal Identification Number (PIN) or initiated through identification technology that substitutes for a PIN.
Clients should be asked to
prepay anticipated major cost
items,
such as expert witness fees, deposition expenses, extensive travel and other case - related costs.