Do You Know These Mortgage Closing Terms?
✅Private Mortgage Insurance (PMI)
✅ Closing Costs
PMI | Private Mortgage Insurance protects the lender in case you default on your mortgage.
Loan Estimate | The loan estimate includes your estimated interest rate, monthly payment, closing costs and more.
Closing costs | include any fees or charges that must be paid at closing, and often include title insurance, property tax, settlement documents and attorney fees.
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