The purpose of the title search is to ensure that the
A) title is free of claims from third parties.
B) buyer has adequate funds for a down payment.
C) appraisal is correct.
D) bank has title to the funds it is lending.
Correct Answer:
Verified
Q48: Which one of the following would not
Q49: A warranty on the sale of an
Q50: In the calculation of the Annual Percentage
Q51: Fixed-rate mortgages usually have
A)level monthly payments over
Q52: Adjustable rate loans
A)have less variability than flexible
Q54: A title search is conducted
A)at the closing.
B)before
Q55: A written document transferring ownership of the
Q56: In the terminology used by lenders,one "point"
Q57: One point on an $80,000 loan for
Q58: Additional points on a home mortgage will
A)lower
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