A Lender Surprise That Can Cost You $20K at Closing
19 Oct 2026 · 0 min
0:24
In this brief advisory clip, Mundo Sanchez shares a costly lender surprise he encountered: the lender demanded six months of prepaid mortgage payments and required the borrower to pay the entire year's homeowners insurance premium before closing. These two line items can add roughly $20,000 to the closing costs, a sum large enough to derail a real‑estate transaction. Sanchez warns viewers to watch for such hidden requirements when budgeting for a home purchase.
