1
Q
Settlement
A
Signing of paperwork and delivered.
All docs are cleared and funds moved
2
Q
Closing
A
Loan funds have been authorized.
Recording has taken place
3
Q
Page one closing disclosure
A
Loan information
loan terms (amount piti, insurance, prepayment penalty)
Projected payments (PMI, escrow , total payment)
Costs at closing
Cash to close
4
Q
Page 2
A
Disclosures of closing costs
Origination charges
Broker
flashcards
Decks in class (26)
# Cards
-
Deeds22
-
Ownership11
-
Ownership Principles13
-
Property13
-
Public And Private Control21
-
Survey And Description13
-
Agency26
-
Contract Law36
-
Advanced Contract Law0
-
Listings And Options7
-
New Construction Repc0
-
Leases17
-
RESPA8
-
Settlement Procedures4
-
Finance Basics32
-
Mortgage Law19
-
Advanced Finance16
-
Taxes5
-
Appraisal31
-
Federal Laws19
-
TILA16
-
Financial responsibility13
-
Organizing and licensing7
-
Real Estate Acts12
-
Trust Accounts2
-
Duties As A Broker10
