{"id":4826,"date":"2015-06-24T16:28:58","date_gmt":"2015-06-24T16:28:58","guid":{"rendered":"http:\/\/gohome.fastforwardstories.com\/?p=4826"},"modified":"2017-07-07T15:55:16","modified_gmt":"2017-07-07T19:55:16","slug":"understanding-your-loan-estimate-other-costs","status":"publish","type":"post","link":"https:\/\/secure.titlecompanywebdesign.com\/landtitleofflorida\/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:56.0% 0 28px 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_s11tl0jh0t videoFoam=true\" style=\"height:100%;width:100%\">&nbsp;<\/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 \u201ctransfer taxes\u201d 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\u2019s 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; \u201c<span style=\"text-decoration: underline\">Owner\u2019s Title Policy<\/span>\u201d &#8211; may be designated as optional, which only indicates that it is not required by this creditor.<\/p>\n<p>Some of these \u201cOther Costs\u201d may vary substantially between Loan Estimate and Closing Disclosure ask your lender about the tolerance rules or watch the video \u201cCould My Loan Cost Exceed The Loan Estimate?\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Real estate transactions require taxes, certain pre-payments, and escrow funding. Recording fees are charged by government agencies for keeping legal ownership records, while \u201ctransfer taxes\u201d may be imposed by states, counties and municipalities on real estate ownership transfers. Prepayments may include homeowner\u2019s insurance premiums on the property mortgage insurance, if required property taxes for [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[29],"tags":[],"_links":{"self":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/landtitleofflorida\/wp-json\/wp\/v2\/posts\/4826"}],"collection":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/landtitleofflorida\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/landtitleofflorida\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/landtitleofflorida\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/landtitleofflorida\/wp-json\/wp\/v2\/comments?post=4826"}],"version-history":[{"count":1,"href":"https:\/\/secure.titlecompanywebdesign.com\/landtitleofflorida\/wp-json\/wp\/v2\/posts\/4826\/revisions"}],"predecessor-version":[{"id":4848,"href":"https:\/\/secure.titlecompanywebdesign.com\/landtitleofflorida\/wp-json\/wp\/v2\/posts\/4826\/revisions\/4848"}],"wp:attachment":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/landtitleofflorida\/wp-json\/wp\/v2\/media?parent=4826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/landtitleofflorida\/wp-json\/wp\/v2\/categories?post=4826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/landtitleofflorida\/wp-json\/wp\/v2\/tags?post=4826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}