Sentences with phrase «estimated prepaid items»
Among a few of the dollar amounts it requires are the purchase price or refinance amount, estimated prepaid items, estimated closing costs, PMI, discount points paid to lower your interest rate and any closing costs paid by the seller.
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APR is roughly measured by taking the original loan size, accounting for closing costs and prepaid items, then estimating how many dollars will have to be paid over the loan's term to pay off the loan in full.
Your estimated closing costs, including prepaid items and escrow account funds, for a -LCB--LCB- mortgageProducts.
Those fees will be listed on your estimate, but you will also see where those prepaid items get credit back on your final documents.
A lender makes an attempt to estimate the amount of non-recurring closing costs and prepaid items on the Good Faith Estimate which they must issue to the borrower within three days of receiving a home loan application.