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This search which can cost 75-100 helps verify that the property can be sold. The cost can either.
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A repayment mortgage means that over the length of the loan you will repay the full amount you borrowed as well as some interest.
. An interest-only mortgage means you only pay the interest and once the loan is over eg 25 years after you took it. This fee which varies covers the administrative costs associated with the closing such as escrow survey and notary services. Most lenders require you purchase this policy to protect the amount they lend.
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