Educational Employees Credit Union

Insurance purchased by a buyer to cover the lender's risk of loss. Mortgage Insurance is generally required by lenders when the down payment is less tha...

Interest charged to a borrower at closing to cover interest on the loan between closing and the end of the month in which the loan closes.

Insurance which protects the lender (lender's policy) or the buyer (owner's policy) against loss due to disputes over ownership of a property.

Meetings between the buyer, seller and lender or their agents (escrow/title company) at which time the legal documents are signed in preparation for the rec...