Question

Closing Costs. What are closing costs List and briefly describe the different closing costs you might incur when applying for a mortgage Closing costs are those costs: (Select the best answer below.) O A. that are incurred in the loan application process O B. that are incurred in making repairs according to the home inspection O c. that are paid to the realtor for the assistance provided. O D . All of the above. List and briefly describe the different closing costs you might incur when applying for a mortgage. (Match the description to the appropriate closing cost) Closing Cost Loan application fee Loan origination fee Description A fee to search county records to verify that the seller owns the home B fee for determining the fair market value of the home, commonly between $200 and $500 C. charged by the lender, will be lower if you accept a higher interest Points Appraisal fee D. charged by the bank when obtaining a loan typically between $100 and $500 E. charged by lender, can be 1% to 2% of the mortgage amount Title search and insurance Click to select your answer.

Answer 1

Best Answer is D.

Loan Application Fee - E

Loan Origination Fee - D

Points - C

Appraisal Fee - B

Title Search and Insurance - A