Question

Fees associated with originating and processing a mortgage are called ______.

Group of answer choices:
A.home owner's association fees
B,closing costs
C.mortgage insurance
D.property taxes
E,servicing fees

Answer 1

Closing costs are the fees associated with originating and processing a mortgage. These costs include loan origination fees, appraisal fees, title search fees, attorney fees, and recording fees.

Step-by-step explanation:

The fees associated with originating and processing a mortgage are called closing costs. These costs include various expenses such as loan origination fees, appraisal fees, title search fees, attorney fees, and recording fees. They are typically paid at the closing of the mortgage, when the property is transferred to the buyer.