All of the buyers real estate bills at closing a

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seller's real estate bills. ~all of the buyer's real estate bills.} ::::At closing, a prepaid item by the seller is {~debited to the seller. ~evenly divided between the buyer and the seller. ~credited to the buyer, =credited to the seller.} ::::The purpose of the Real Estate Settlement Procedures Act (RESPA) is to{~ make sure buyers do not borrow more than they can repay. {~make real estate professionals more responsive to buyers' needs. ~help buyers know how much money is required. =ensure that buyers know all settlement costs that will be charged to them.} ::::The document that provides the borrower with general information about settlement costs, RESPA provisions, and what happens at settlement is {~the loan application, =Your Home Loan Toolkit. ~the Closing Disclosure form. ~the Loan Estimate form.} ::::Under the TILA-RESPA Integrated Disclosure rule (TRID), a lender must extend the closing how many days if the annual percentage rate (APR) has changed more than 0.125% before closing? {~Two business days =Three business days ~Four business days ~Five business days}
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  • Fall '10
  • JASONMADAR
  • Psychology, Spring, Mortgage loan, Escrow, real estate closings

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