Universal Solvent Definition. A universal solvent is a substance that dissolves most chemicals. Water is called the universal solvent because it dissolves more substances than any other solvent. However, no solvent, including water, dissolves every chemical. Typically, like dissolves like..
Average closing costs on a mortgage loan is between 2%-5%. On a home with a purchase price of $200,000 the typical costs will be between $3,000-$5,000. These costs will vary depending on the lender you use. Closing costs are made up of several different fees charged by your lender. These fees include credit report, loan origination fee, survey, etc.
Closing costs average about 2 percent of the loan amount. You can pay cash for the closing costs or, if you have enough equity, you can roll these costs into your new loan, says Hollensteiner. Another option that some lenders offer is to pay a higher interest rate for a lender credit to cover those costs..