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.
CLEVELAND, Ohio -- Ohio has the lowest mortgage closing costs of any state nationwide, according to a new survey. Ohio's total of $1,613 in closing costs on a typical $200,000 home is $500 less than the total in Hawaii, which has the most expensive closing costs, according to a Bankrate.com study released this week. That total includes $933 in lender origination fees and $681 in third-party charges for items such as appraisals. Nationwide, closing costs dropped by 7 percent in the past year, Bankrate said, averaging $1,847 on a $200,000 loan.