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Fundamentals of Financial Management14th EditionEugene F. Brigham, Joel F Houston 845 solutions Which of the following is included in the closing disclosure?It includes the loan terms, your projected monthly payments, and how much you will pay in fees and other costs to get your mortgage (closing costs). The lender is required to give you the Closing Disclosure at least three business days before you close on the mortgage loan.
Which of the following transactions would not require the use of a closing disclosure?Which of the following transactions would not require the use of a Closing Disclosure? A Closing Disclosure sets forth the final terms and conditions of a residential mortgage loan. If no loan is required in the purchase of residential real property, the Closing Disclosure is not necessary.
What is on page 4 of the closing disclosure?Page 4: This section tells you what your late fee will be and whether your lender accepts partial payments. Information about your loan's escrow account – odds are you have one – is also on this page. You'll see what is included, usually homeowners insurance and property taxes.
Which two items will appear on a closing disclosure quizlet?The Closing Disclosure is a five-page form that provides final details about the mortgage loan. It includes the loan terms, projected monthly payments, and how much the borrower will pay in fees and other costs to get the mortgage (closing costs).
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Which information is not required to be included on the closing disclosure quizlet?
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