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3 years ago

Which form does RESPA require lenders to use to detail the costs that the buyer and seller will pay at closing?

Business

1 answer:

Llana [10]3 years ago

8 0

Answer:

The correct answer will be "Closing Disclosure ".

Explanation:

A Closing Disclosure seems to be a 5-page document that supplies the final information regarding your designated conventional mortgage.
This covers the details of the settlement, the estimated interest payments including whether you'll pay for the mortgage in deposits as well as other costs. The applicant is expected to provide you with the Closing Notice at least 3 days on average well before the mortgage closes.

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What would be the best answer

coldgirl [10]

Answer:

The correct answer is :- Measurable gain

7 0

3 years ago

In an unregulated, competitive market consumer surplus exists because:___________.

Paha777 [63]

Answer: some consumers are willing to pay more than the equilibrium price.

Explanation:

Consumer Surplus is simply the difference between the price that is paid by a consumer and the price that the consumer was willing to pay in the first place.

In an unregulated, competitive market consumer surplus exists because some

consumers are willing to pay more than the equilibrium price.

4 0

2 years ago

Kingbird, Inc. receives a $11000, 9-month, 6% promissory note from Sunland Company in settlement of an open accounts receivable.

Scorpion4ik [409]

Answer and Explanation:

The journal entry at the time of receiving the note is as follows:

Note receivable Dr $11,000

To Account receivable $11,000

(Being the note receivable is recorded)

Here the note receivable is debited as it increased the assets and credited the account receivable as it decreased the assets

6 0

2 years ago

As a rule of thumb, how often should an entrepreneur reevaluate her compensation package?

Leni [432]

As a rule of thumb, an entrepreneuer should reevaluate her compensation package yearly. It's worthwhile to reevaluate because you may need to make changes to your plan if you are making more or less money. As your business grows, as an entreprenuer you are able to take a larger cut of your money or reinvest it elsewhere.

7 0

3 years ago

Read 2 more answers

Rica Company is a price−taker and uses a target−pricing approach. Refer to the following information:Production volume602,000un

loris [4]

Answer:

Desired profit for the year = $2,329,000

Explanation:

Using the given information, we have

Production volume = 602,000 units

Market price = $34

Operating income desired = 17% of total assets

Total Assets = $13,700,000

Operating income = $13,700,000 $\times$ 17% = $2,329,000

Therefore desired profit = $2,329,000

therefore with this information desired profit per unit = $2,329,000/602,000 = $3.869

Target cost per unit = $34 - $3.869 = $30.131

Desired profit for the year = $2,329,000

4 0

2 years ago