Financing and Settlement Exam 4 & 5 Flashcards
1
Q
Covenant of Seisen deals with issues of
A
identity, power of attorney, spousal interest in the property
2
Q
Zero Tolerance for what
A
- Appraisal that lender chose
2. Origination charge
3
Q
What can change 10% from the loan estimate?
A
Title insurance that the borrower selected
4
Q
What is the largest allowed change between good faith closing cost and actual closing cost
A
10%
