Prepaid Items are costs that are associated with the maintenance of the borrower’s loan and normal property maintenance, regular recurring costs that are paid monthly or annually. These costs include normal interest due on the loan, property taxes that are paid twice a year or monthly, and insurance.
About the Author: Vic Joshi
Viral “Vic” Joshi is a native San Francisco Bay Area resident, independent home loan expert and real estate agent, helping home buyers, homeowners, and investors with mortgage loans since 1997. Vic works as an agent with his company, Straight Deal Mortgage, and is still passionate about helping home buyers get the best loan for their circumstances after decades in the business.