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.
A lender offered to pay $900 in lender credit to keep closing costs to $500. Offer was in written form, on the application. However, at closing, the credit disappeared, the agent claimed that fannie mae rules prevented the credit (from an email)....it is not our policy, it comes from Fannie Mae and thier guidelines......