Question

(1 point)

10. A closing disclosure will give you the amount of money you need to provide at closing in
order for the loan to be processed, which is called
a closing credit
a cash to close number,
a creative closing
disclosure cash

Answer 1

The correct answer is Cash to Close number

Step-by-step explanation:

Closing disclosure is the disclosure which provided by the lender to the person 3 days before closing. It states the final costs as well as the terms of the mortgage.

And the amount of money which is required to close so that loan can be processed is referred to as the Cash to close number. In other words, it is the amount needed to bring the table for closing the deal involving the closing cost and down payment.