This is the most comprehensive explanation of the what and why behind closing costs for mortgage loans and the prepaid expenses that come with financing a property.
Taught from the perspective of a lender in Florida, it is best for the viewer to understand that although the concepts will be the same, some of the math algorithms with differ from state-to-state. As a mortgage loan originator, if you can’t explain closing costs and prepaid as good D.O. in this video, consider this your official challenge.
