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;
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Answer:
d = 3.46 units
Step-by-step explanation:
The diagram below is a rectangular prism . The volume of the prism is given as 99 units³ .
volume of a rectangular prism = Length × width × height
height = 5.2 units
volume = 99 units³
length = 5.5 units
width = d
let us find the width which is d
volume = L × w × h
99 = 5.5 × d × 5.2
99 = 28.6d
divide both sides by 28.6
d = 99/28.6
d = 3.4615384615
d = 3.46 units
Answer:
Y=2x-1
Step-by-step explanation:
In order to find the slope, its rise over run. So you would move from (0,-1) to the next point it intercepts, (1,1) and find it from there
As for the Y-Intercept, it would just be wherever the line connects with the Y axis, which happens to be (0,-1) or Negative 1.
Answer:
m = 11/9
Step-by-step explanation:
m = (y2 - y1) / (x2 - x1)
= (-7 - 4) / (-3 - 6)
= -11/-9
= 11/9
Answer:
362.02
Step-by-step explanation:
