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.
1 Wide range of loan amounts: Some online lenders will cap their loans at relatively low amounts such as $5,000 or $10,000, shutting out potential borrowers. 2  The best lenders will approve loans for at least $25,000 or $30,000. The best lenders will approve loans for at least $25,000 or $30,000. 2  Wide range of loan terms: Some online lenders are somewhat rigid on the length of loan terms theyâll offer. 3  The best lenders are more flexible, allowing for shorter terms (such as 12 months) and longer terms (such as 72 months or more).