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Why can pre-paids be a part of the seller credit on all loans?

April 26, 2017credit Loans Pre-Paids seller

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Why can pre-paids be a part of the seller credit on all loans?

1 Answer

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Some lenders allow ‘pre-paids’ and some do not; we advise you to check with your lender directly. In general, even lenders who allow them will only allow them up to the dollar amount of closing costs, not over.