Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please fill in the blanks Please do not write below this line. This content will be used for class discussion Fill in the blanks with
please fill in the blanks
Please do not write below this line. This content will be used for class discussion Fill in the blanks with the disclosures that are delivered at closing with their purpose below. Utilize the word bank if necessary. Word Bank: Ongoing Interest Rate Disclosure Notice of Right to Cancel Notice of Right to Cancel PMI Annual Privacy Notice Annual Escrow Statement Initial Escrow Statement Covered Loan Notice Initial Interest Rate Adjustment Closing Disclosure Notice of Transfer of Servicing Informs the consumer of the cost for financing; compared against the Loan Estimate 2. Informs the consumer of the amount needed for escrow and breaks down each payment 3. Informs the consumer of the details of their loan and that they could lose their home Informs the consumer that they can rescind within 3 business days of closing 5. Informs the consumer how PMI may be canceled upon request or automatically 2 20hhur SALE Comprehensive Fundamentals of Mortgage Education (NMLS 10527) Version 3Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started