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
<u>Answer- </u>Wendy spent 3 hours on the train
<u>Solution-</u>
The distance between the cities= 500 mi.
She traveled part of the way by bus, and other part by train.
The bus averaged 40 mph, and the train averaged 120 mph.
The entire trip took 6.5 hours.
let d = distance traveled by train
the total distance was given as 500 mi ,
therefore, distance traveled by bus = (500-d) mi
time = distance/speed
⇒ train traveling time + bus traveling time = 6.5 hrs
⇒
⇒ d + 3(500-d) = 120(6.5)
⇒ d + 1500 - 3d = 780
⇒ 2d = 720
⇒ d = 360 mi
so d = 360 mi by train
⇒ 360/120 = 3 hrs on the train
Answer:
21
Step-by-step explanation:
F(x)=-4(8)-5=
F(x)=-32-5=
F(x)=-37
Que, i think 1, 5 go into 1