katdoesart1591 katdoesart1591
  • 03-01-2020
  • Business
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What is the term given to mortgage loan costs such as pest inspections, survey fees, and title insurance?

Respuesta :

jepessoa
jepessoa jepessoa
  • 03-01-2020

Answer:

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

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.

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