. Advertisement .
..3..
. Advertisement .
..4..
The following article will add knowledge about “The closing is conducted by the seller’s agent. True or False. Select the list that has the steps of the closing process in the right order.“. Let’s not forget to look at the content!
Question
1.The closing is conducted by the seller’s agent. True or False.
2. Select the list that has the steps of the closing process in the right order.
1. Do final walk-through Purchase homeowners insurance Sign closing documents Apply for mortgage 2. Apply for mortgage Do final walk-through Sign closing documents Purchase homeowners insurance
3.Apply for mortgage Purchase homeowners insurance Do final walk-through Sign closing documents 3. Select the best description of the mortgage note. 1. It commits you to paying your loan 2. It lists all costs associated with your loan
4. Which one of these documents itemizes the closing costs and explains the terms of your loan? 1.Appraisal 2. Closing disclosure 3. Deed 4. Affidavit
Answer “ The closing is conducted by the seller’s agent. True or False. Select the list that has the steps of the closing process in the right order”.
1: False
Closing takes place by the closing agent.
2: 3. Apply for mortgage. Purchase homeowners insurance. Do final walk-through. Sign closing documents
First, the buyer must complete the application. Then, he or she must purchase the insurance. The final walk-through is completed by signing the closing documents.
3: 2. It includes all costs associated with your loan
A mortgage note is a promise to repay the loan amount and interest at a specific rate for a set time.
4: 2 Closing disclosure
The closing disclosure contains the terms and monthly payment details, as well the fees and costs.
Last words
Above is the solution of “The closing is conducted by the seller’s agent. True or False. Select the list that has the steps of the closing process in the right order“. If you have good solutions or comments, please leave a message.
Leave a comment