The lender’s good faith estimate is that he made a poor estimate; it was off by more than 0.5% of the actual closing costs.
<h3>What is closing cost?</h3>
All the expenduture and charges charged by a lander and other parties is called the closing cost.
A lender estimates the closing costs on a home loan will be 3.75% of the loan amount of $120,000. Thus, the estimate closing cost is,
The actual closing costs are listed below.
- Loan origination $300
- Title insurance $600
- Attorney’s fees $1,250
- Appraisal $550
- Inspection $525
- Recording fees $125
- Escrow $2,000.
The total annual cost is,
Total annual cost is $300 more than the estimate closing cost. In the percentage form,
Thus, the lender’s good faith estimate is that he made a poor estimate; it was off by more than 0.5% of the actual closing costs.
Learn more about the closing cost here;
brainly.com/question/20108287
Step-by-step explanation:
45 6
13 6
_____ +
02 6
1
________
6 /..8
..... -6
_______
..... 2
0
_______
6/5
...5
_____
0
Answer:
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Step-by-step explanation:
explanation helps
Hi there!
The question sounds really complex, but the mathematical operations behind it is figuratively simple. Here, we are told to find 19 (18.7 rounded up is 19) percent of 1,000. To do this, we can set up a proportion to model the whole scenario.
Now, just solve for x by cross multiplying and simplifying.
Therefore,
190 people out of 1,000 people leave out pertinent information on their IRS forms. Hope this helped and have a terrific day!
Hello : let A(3,0) B(0,-5)<span>
the slope is : (YB - YA)/(XB -XA)
(-5-0)/(0-3) = 5/3
</span>
<span> an equation, in the slope intercept form is : y - (-5) = (5/3)(x-0)
y = (5/3)x - 5</span>
