Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• SETTLEMENT COSTS
  
  money paid by borrowers and/or sellers to effect the closing of a mortgage loan. This normally includes an origination fee, discount points, title insurance premium, survey costs, attorney's fees, and prepaid items such as insurance and tax payments to the escrow account.
  
  Back