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What items must be prepaid?

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What items must be prepaid?

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Profile photo of LindseyMyer LindseyMyer

Some housing expenses you will face during your first year in your new home must be paid in advance at closing. Property taxes and insurance are among these. You may also have to prepay some interest on your loan. Find out what these expenses will be.

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Some expenses, such as first year’s property taxes and insurance, must be paid at closing. Your lender will let you know what’s required.

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