Finance
Wisconsin's recording fee for a mortgage is paid to the:
ADSPS
BCounty Register of Deeds✓ Correct
CWisconsin Department of Revenue
DDATCP
Explanation
Recording fees for mortgages, deeds, and other documents are paid to the county Register of Deeds office where the property is located.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Discount PointsPrepaid interest paid to a lender at closing to reduce the mortgage interest rate, with each point equal to 1% of the loan amount.
AmortizationThe gradual repayment of a loan through scheduled periodic payments that cover both principal and interest.
Adjustable-Rate Mortgage (ARM)A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
State-Specific Concepts
Recording Requirements
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