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-BARSIC- [3]
2 years ago
9

Besides interest paid over the life of the loan, what responsibility does the buyer have to the lender in a real estate transact

ion that requires financing?
Business
1 answer:
miss Akunina [59]2 years ago
7 0

What obligations does the buyer have to the lender in a financing real estate transaction, aside from interest paid over the course of the loan? Pay loan-related closing charges.

Closing costs are the additional charges that buyers and sellers often pay in order to conclude a real estate transaction.

Loan origination fees, discount points, appraisal fees, title search fees, title insurance fees, surveys, taxes, deed recording fees, and credit report fees are a few examples of these expenses. Within three days of receiving a home loan application, the lender is obligated by law to include these fees in a loan estimate form. Closing expenses may also apply to gifts of equity, which involve selling real estate to a relative or close friend at a discount from market value.

Learn more about Pay loan-related closing charges here.

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The correct answer is option D.

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E) I, II, and III.

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