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In order to find J you must multiply 6 by seven because J is 7 times larger than 6. So : 7 ⋅ 6= 42.
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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:
5x+8x-10g+hd
Step-by-step explanation:
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Answer:
The only option 2 which gives the same values for m=1 and m=4 in both the expressions. ∴ Option 2 is correct.