{"id":4826,"date":"2015-06-24T16:28:58","date_gmt":"2015-06-24T16:28:58","guid":{"rendered":"http:\/\/gohome.fastforwardstories.com\/?p=4826"},"modified":"2015-06-24T16:28:58","modified_gmt":"2015-06-24T16:28:58","slug":"understanding-your-loan-estimate-other-costs","status":"publish","type":"post","link":"https:\/\/cloud02.titletapsites.com\/inspiredca\/2015\/06\/24\/understanding-your-loan-estimate-other-costs\/","title":{"rendered":"Understanding Your Loan Estimate: Other Costs"},"content":{"rendered":"<p><script src=\"https:\/\/fast.wistia.com\/assets\/external\/E-v1.js\" async><\/script><\/p>\n<div class=\"wistia_responsive_padding\" style=\"padding:56.25% 0 0 0;position:relative;\">\n<div class=\"wistia_responsive_wrapper\" style=\"height:100%;left:0;position:absolute;top:0;width:100%;\">\n<div class=\"wistia_embed wistia_async_c3v6ju7pzr dnt=1 videoFoam=true\" style=\"height:100%;position:relative;width:100%\">\n<div class=\"wistia_swatch\" style=\"height:100%;left:0;opacity:0;overflow:hidden;position:absolute;top:0;transition:opacity 200ms;width:100%;\"><img src=\"https:\/\/fast.wistia.com\/embed\/medias\/c3v6ju7pzr\/swatch\" style=\"filter:blur(5px);height:100%;object-fit:contain;width:100%;\" alt=\"\" aria-hidden=\"true\" onload=\"this.parentNode.style.opacity=1;\" \/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Real estate transactions require taxes, certain pre-payments, and escrow funding.<\/p>\n<p><span style=\"text-decoration: underline\">Recording fees<\/span> are charged by government agencies for keeping legal ownership records, while &#8220;transfer taxes&#8221; may be imposed by states, counties and municipalities on real estate ownership transfers.<\/p>\n<p><span style=\"text-decoration: underline\">Prepayments<\/span> may include homeowner&#8217;s insurance premiums on the property mortgage insurance, if required property taxes for a period of months in advance, and prepaid interest, typically for the period from closing to the first mortgage payment.<\/p>\n<p><span style=\"text-decoration: underline\">Escrow funding<\/span> may also be required against future annual charges for homeowners insurance, mortgage insurance and property taxes.<\/p>\n<p>Title insurance on YOUR legal ownership &#8211; &#8220;<span style=\"text-decoration: underline\">Owner&#8217;s Title Policy<\/span>&#8221; &#8211; may be designated as optional, which only indicates that it is not required by this creditor.<\/p>\n<p>Some of these &#8220;Other Costs&#8221; may vary substantially between Loan Estimate and Closing Disclosure ask your lender about the tolerance rules or watch the video &#8220;Could My Loan Cost Exceed The Loan Estimate?&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Real estate transactions require taxes, certain pre-payments, and escrow funding. Recording fees are charged by government agencies for keeping legal ownership records, while &#8220;transfer taxes&#8221; may be imposed by states, counties and municipalities on real estate ownership transfers. Prepayments may include homeowner&#8217;s insurance premiums on the property mortgage insurance, if required property taxes for a&hellip;<\/p>\n","protected":false},"author":60,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/cloud02.titletapsites.com\/inspiredca\/wp-json\/wp\/v2\/posts\/4826"}],"collection":[{"href":"https:\/\/cloud02.titletapsites.com\/inspiredca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cloud02.titletapsites.com\/inspiredca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cloud02.titletapsites.com\/inspiredca\/wp-json\/wp\/v2\/users\/60"}],"replies":[{"embeddable":true,"href":"https:\/\/cloud02.titletapsites.com\/inspiredca\/wp-json\/wp\/v2\/comments?post=4826"}],"version-history":[{"count":0,"href":"https:\/\/cloud02.titletapsites.com\/inspiredca\/wp-json\/wp\/v2\/posts\/4826\/revisions"}],"wp:attachment":[{"href":"https:\/\/cloud02.titletapsites.com\/inspiredca\/wp-json\/wp\/v2\/media?parent=4826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cloud02.titletapsites.com\/inspiredca\/wp-json\/wp\/v2\/categories?post=4826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cloud02.titletapsites.com\/inspiredca\/wp-json\/wp\/v2\/tags?post=4826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}