The amounts that are put into an escrow account at closing , usually including real estate taxes and insurance.
Expenses such as taxes, insurance and interest that are paid before due. Prepaid items are prorated and paid at the closing.
Prepaids are the property expenses, such as taxes, insurance, rent, etc., which are paid in advance of their due date and will usually be prorated at the time of the sale.
Also known as an Escrow account or Reserves. This includes the prepaid interest you pay when your mortgage closes and the amount of property tax, mortgage insurance, condominium dues and hazard insurance that is “held" for you in an escrow account to be paid when due to the appropriate party. The amount of the prepaids will vary depending on what time of year the loan closes and when the payments are due. These are not fees charged to the borrower; they are amounts paid on behalf of the borrower. Sometimes this requirement may be waived for a fee and the borrower would be responsible for paying their own property tax and insurance when it is due.
The fees that the lender requires to be collected at closing which may include amounts for real estate taxes, and interest from the day of closing to the end of the month in which the closing occurs.
This is a term of art, but is generally meant to be those closing expenses appearing in the 900 and 1000 series of lines on the HUD settlement statement. These usually include real estate taxes, insurance, escrow items and prepaid interest
A reference to hazard insurance, impounds (escrow account), and days of interest paid in advance.
Amounts relating to the property that are paid in advance are usually prorated upon sale such as taxes and insurance.
Expenses that must be paid in advance of the mortgage, such as real estate tax and hazard insurance.
expenses paid by a Buyer (borrower) for the purpose of establishing an impound or reserve account to cover such items as hazard insurance, taxes, private mortgage insurance.
Expenses paid in advance of their due date at the time of closing including taxes, insurances, association dues, rents, etc.
That portion of your loan closing costs which is collected at closing to cover taxes, interest and insurance for a prescribed period of time
Fees collected from the buyer at closing to cover items such as property taxes and homeownerâ€(tm)s insurance that the seller has already paid.
Closing costs which are actually paid at closing for charges which will occur in the future. One example would be prepaid interest which is for interest which will accrue after the closing date until the starting date of the note.
Fees collected at closing to cover items such as setting up escrow accounts for property taxes, homeowner's insurance, and mortgage insurance premiums.
Those expenses of property which are paid in advance of their due date and will usually be prorated upon sale, such as taxes, insurance, rent, etc.
Expenses such as taxes, insurance and assessments which are paid in advance of their due date and which must be paid by the buyer on a prorated basis at closing.
The expenses that are put into escrow at closing, usually including real estate taxes, insurance, and interest.
The term used to describe the funds the Lender requires to be deposited to establish the escrow account for taxes and insurance at the time of closing (also refers to Prepaid Interest).
Expenses necessary to create an escrow account or to adjust the seller's existing escrow account. Can include taxes, hazard insurance, private mortgage insurance and special assessments.
Similar to closing costs, prepaids are paid by the borrower at closing. Lenders will often need to collect a few months worth of real estate taxes and homeowner's insurance to set aside for tax and insurance escrows.
Closing costs related to the mortgage loan which are collected at loan closing - including per diem pre-paid interest and initial deposits of monthly escrows of taxes and insurance.
That portion of your loan closing costs which are collected at closing to cover real estate taxes and hazard insurance.
Expenses such as taxes, insurance and assessments which are paid in advance if there due date and which must be paid buy the buyer on a prorated basis at closing.
Used to create or adjust escrow account. May be taxes, insurance or other assessments.
Property expenses that are paid in advance and will usually be prorated t the time of closing (e.g. insurance).
Expenses paid upfront in conjunction with a mortgage loan such as escrow intems (taxes, insurance, mortgage insurance etc.) and interest.
Certain items must be paid in advance when you close on a mortgage transaction. These items include real estate taxes and hazard insurance. Hazard insurance must be paid one year in advance on a purchase transaction, and a minimum of 6 month's hazard insurance coverage must be paid in advance on a refinance transaction.
Those expenses of property, such as taxes, insurance, rent, that are paid in advance of their due date and will usually be prorated upon sale.
Property related expenses or costs that are paid prior to their due date and are usually prorated upon sale. These expenses can include taxes, insurance, rent, etc.
Expenses of property ownership or expenses incurred while obtaining a mortgage that must be paid in advance. Prepaids typically include real estate taxes and hazard insurance.
Property expenses that are paid in advance — typically prorated at the time of closing (such as insurance).
That portion of your loan closing costs which must be collected at closing to cover taxes, interest and insurance.