2 years ago

Which of these fees is paid at the closing when a home purchase is finalized?

1 answer:

8 0

<u>d.) Title insurance</u> is one of the fees that is paid at the closing of a home purchase when it is finalized.

There are two types of title insurance.
1) Lender's Policy Title Insurance - this is an insurance to assure the lender the you own the home and that the mortgage applied is a valid lien. This happens when you buy a house through bank financing.
2) Owner's Policy Title Insurance - this is an insurance policy that protects you as the owner of the house when third party contests your ownership of the house.

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2) What is the correct way to mark False Starts in Full Verbatim?

Ksju [112]

Answer:

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2 years ago

Assume that a consumer has a given budget or income of $24 and that she can buy only two goods, apples or bananas. The price of

Sindrei [870]

Answer:

12 bananas or 8 apples are needed to purchased

Explanation:

The computation of the number of bananas or the apples is shown below:

Since the income is $24

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So, the number of bananas is

= $24 ÷ $2

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3 years ago

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iVinArrow [24]

Answer: The correct procedure is to “debit cash over and short for $43”.

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2 years ago

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REY [17]

Answer:

87 because he

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2 years ago

Revenues, Expenses, and Cost of Goods Sold are closed to which of the following accounts:_________

iren2701 [21]

Answer: A) Income Summary

Explanation:

The Income Summary account is used to compile temporary accounts before posting them to capital accounts. Revenues, Expenses and Cost of Goods are temporary accounts which will be compiled in the Income summary account.

The Income summary account has a debit and a credit side with income going on the credit side and expenses going on the debit side. If the credit side is higher than the debit side then profits have been made. The reverse is true.

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3 years ago