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Additional expenses over and above the price of the property in a real estate transaction. Costs incurred include loan origination fees, discount points, appraisal fees,
Additional expenses over and above the price of the property in a real estate transaction. Costs incurred include loan origination fees, discount points, appraisal fees, title searches, title insurance, surveys, taxes, deed-recording fees and credit report charges. Prepaid costs are those that recur over time, such as property taxes and homeowners' insurance, and the lender states these costs in a "good faith estimate within three days of a home loan application
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