Mortgage fees paid by the homeowner at,or prior to,closing upon the purchase of a house typically include all but which one of the following?

Question

Quizplus · Accepted Answer

All of the options A, B, C, and D are typical mortgage fees paid by the homeowner at or prior to closing upon the purchase of a house. However, a prepayment penalty is not always included in the mortgage fees and is only applicable in certain situations where the borrower pays off the mortgage before the end of the agreed-upon term. Thus, the correct answer is E (prepayment penalty).

Mortgage Fees Paid by the Homeowner At,or Prior To,closing Upon