When selling a home, which of the following costs will you incur? A) Loan origination fee B) Realtor's commission C) Title search and insurance D) Points

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asked Nov 24, 2024 169k views

1 Answer

Aditya Malviya · Answer 1 · 2024-12-01T00:42:06+0000

When selling a home, you will incur costs such as realtor's commission, title search and insurance, loan origination fee, and points.

When selling a home, you will incur several costs. These include:

Realtor's commission: This is the fee paid to the real estate agent who helps sell the home. It is typically a percentage of the home's sale price.
Title search and insurance: These costs are associated with verifying the ownership of the property and protecting against any claims or liens.
Loan origination fee: This fee is charged by the lender for processing the loan application and granting the loan.
Points: Points are prepaid interest that a borrower pays to reduce the interest rate on their mortgage.