When you remove the bank, you remove "loan origination fees," "points," and "private mortgage insurance (PMI)." However, the legal transfer of property and government taxes remain mandatory. Typically, a cash buyer should budget for these expenses. 📋 Common Fee Breakdown
Paid to the title company or attorney for handling the funds and paperwork. what are closing costs when buying a house cash
Protects you against future claims on the property's ownership. When you remove the bank, you remove "loan