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Understanding Prepaids & Impounds on Closing Disclosure

Two of the most confusing sections are Prepaids and Impounds on the Closing Disclosure (CD) –  Prepaids (Section F) and Initial Escrow Payment at Closing (Section G). Both these sections are under “Other Costs”.   Understanding Prepaids in Section F on the Closing Disclosure: 01 – Homeowner’s Insurance Premium – You will need to pay […]



This post first appeared on Lending Expert, please read the originial post: here

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Understanding Prepaids & Impounds on Closing Disclosure

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