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Which form does RESPA require lenders to use to detail the costs that the buyer and seller will pay at closing?
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Which form does RESPA require lenders to use to detail the costs that the buyer and seller will pay at closing?

User Runfastman
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1 Answer

1 vote

Answer:

The correct answer will be "Closing Disclosure ".

Step-by-step explanation:

  • A Closing Disclosure seems to be a 5-page document that supplies the final information regarding your designated conventional mortgage.
  • This covers the details of the settlement, the estimated interest payments including whether you'll pay for the mortgage in deposits as well as other costs. The applicant is expected to provide you with the Closing Notice at least 3 days on average well before the mortgage closes.
User Shashi Penumarthy
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