Finance
A West Virginia lender requires a borrower to pay two months' property taxes upfront at closing to be held in escrow. This is called:
ADiscount points
BAn origination fee
CPrepaid items and escrow impounds✓ Correct
DA processing fee
Explanation
Lenders often require borrowers to prepay property taxes and insurance at closing to fund the escrow/impound account. This ensures the lender can pay taxes and insurance when due.
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