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What is the term given to mortgage loan costs such as pest inspections, survey fees, and title insurance?

User Ify
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1 Answer

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Answer:

Services the borrower did shop for, that the buyer may find on his own.

Step-by-step explanation:

Services such as a pest inspection or title insurance are services that the buyer of a house usually want, but are not mandatory for them to purchase. Therefore usually buyers must search for them on their own since they are not required by a bank.

They are different than services that a lender requires like home insurance, which a buyer must purchase.

User Gaurav Navgire
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