1. Closing Costs Explained
2. What taxes are paid at closing?
3. What are Prepaids?
Understanding the Prepaids in Real Estate Transactions: Understanding Their Purpose and Impact
When reviewing the closing documents of a real estate transaction, you may come across a section labeled “Prepaids,” often found in Section F. These prepaids are crucial components of the closing process involving upfront payments related to homeowners insurance, prepaid interest, and property taxes.
In this blog post, we’ll delve into what prepaids entail, why they are charged at closing, and the implications for buyers and sellers.
4. What is Escrow?
5. Master Your Credit History
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