A good faith estimate is required by law to be given by the lender to the borrower within three days of submitting a loan application. What are some of the drawbacks of not having that estimate at the time of closing?

Answers

Answer 1

Answer: The loan estimate is standardized, and lists services you are allowed to shop for. You may not be able to shop for an appraisal fee or a credit report fee, but be able to shop for a land survey and title insurance. Lenders will vary in their requirements. Explanation: The Good Faith Estimate (GFE) was designed to encourage consumers to shop and then compare fees from various lenders before choosing a mortgage provider. Its original purpose was to help consumers understand what services they could shop for-so they not only received the lowest interest rate and best terms but saved significantly on closing costs as well.

Answer 2

Some of the drawbacks of not having that estimate at the time of closing are lists of services you are allowed to shop for, You may not be able to shop for an appraisal fee or a credit report fee.

What is loan?

A loan is money, property, or other material goods given to another party in exchange for future repayment of the loan value amount with interest.

The loan estimate is standardized, and lists services you are allowed to shop for. You may not be able to shop for an appraisal fee or a credit report fee, but be able to shop for a land survey and title insurance. Lenders will vary in their requirements.

The Good Faith Estimate (GFE) was designed to encourage consumers to shop and then compare fees from various lenders before choosing a mortgage provider. Its original purpose was to help consumers understand what services they could shop for-so they not only received the lowest interest rate and best terms, but saved significantly on closing costs as well.

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Related Questions

If you multiplied ()=(34 +3−2)()=(−26 −3+4)to get a new function R(x) answer the following about R(x):
a. What is the degree of the polynomial? __________
b. What is the y-intercept of the new function? ___________
c. What is the Leading Coefficient? _____________

Answers

Answer:

45 degrees, x,5, 7

Step-by-step explanation:

you just gotta do the math

On Monday, Rachel bought 13 yards of fabric in order to make face masks. Later that day, she purchased another 6 3/4 yards. On Wednesday she made a few face masks and used 5 1/10 yards of fabric. How much fabric does Rachel have left?

Answers

Answer:

14.65

Step-by-step explanation:

You add 13 + 6 3/4 then subtract 5 1/10 from that and you have your answer.

A plane flies at an altitude of 3.5 kilometers and then starts to descend when it is 60
kilometers from the runway. What is the angle of depression for the descent of the plane?
Round to the nearest degree.

Answers

Answer:

Angle of depression = 3.37°

Step-by-step explanation:

We are told that A plane flies at an altitude of 3.5 kilometers and then starts to descend when it is 60

kilometers from the runway.

I've attached an image of a triangle depicting this question.

From the triangle, we can find the angle of depression θ from trigonometric ratio since it's a right angle triangle.

Thus;

3.5/60 = tan θ

tan θ = 0.0583

θ = tan^(-1) 0.0583

θ = 3.37°

HELP!!!!


Write a recursive rule for the sequence 5, 11, 17, 23...

Answers

Answer:

34

Step-by-step explanation:

every time it goes up it goes little higher each and every time till it reaches a limit

Mr. Morales makes a table of the number of chaperones needed for different numbers of students attending a field trip. The ratio of parent chaperones to students is a constant proportion.







What is the missing number in Mr. Morales’s table?

Answers

answer:

48

Step-by-step explanation:

because its multiplying by 8 so 6x8= 48

The width of a rectangle is 1/4 its length. The perimeter of the rectangle is 375 ft. What is the length, in feet, of the rectangle?

Answers

Answer:

Required Answer:-

Let

[tex]\sf length=x [/tex]

[tex]\sf Breadth={\dfrac {x}{4}}[/tex]

As we know that in a rectangle

[tex]{\boxed{\sf Perimeter=2 (l+b)}}[/tex]

Substitute the values

[tex]{:}\longrightarrow\sf 2 \left (x+{\dfrac {x}{4}}\right)=375 [/tex]

[tex]{:}\longrightarrow\sf 2 \left({\dfrac {4x+x}{4}}\right)=375 [/tex]

[tex]{:}\longrightarrow\sf 2 \left({\dfrac {5x}{4}}\right)=375 [/tex]

[tex]{:}\longrightarrow\sf {\dfrac {10x}{4}}=375 [/tex]

[tex]{:}\longrightarrow\sf 10x=4×375 [/tex]

[tex]{:}\longrightarrow\sf 10x=1500 [/tex]

[tex]{:}\longrightarrow\sf x={\dfrac {1500}{10}}[/tex]

[tex]{:}\longrightarrow\sf x=150[/tex]

[tex]\therefore[/tex]Length =150feet

500000 x 396 / sqrt of 72

Cheeseburger01, If you are there and you find this please repply or answer!
It says your account was deleted and i'm worried.....

Answers

Answer:

the answer of 500000x396 is 198,000,000

Answer:

hey, will you tell (at symbol)MichiChan i cant go on pixelart? i keep getting an error 400 on it and i cant do anything. i dont want her to think im ignoring her...thanks

Step-by-step explanation:

:P

In a chest there are some gold coins. Captain takes half the
coins. Sally takes a fourth of the coins. There are 3 coins left.
How many coins were in the chest at the start?

Answers

Answer:

7

Step-by-step explanation:

4+3=7

Answer:

There were 12 gold coins in the chest at the start.

Step-by-step explanation:

1. Let's review the information given to us to answer the question correctly:

x = Number of gold coins in a chest

1/2x = Number of gold coins taken by the captain

1/4x = Number of gold coins taken by Sally

3 = Number of gold coins left

2. How many coins were in the chest at the start?

Let's write the following equation to solve for x:

1/2x + 1/4x + 3 = x

2x + x + 12 = 4x (Lowest Common Denominator is 4)

4x - 2x - x = 12 (Like terms)

x = 12

There were 12 gold coins in the chest at the start.

Hope this helps :D

A rectangle has a length that is 12 ft longer
than its width. If its perimeter is 84 ft, what
are the dimensions of the rectangle? Write
a system of equations representing the
situation and then find the dimensions to
obtain full credit.

Answers

4x+24=84 4x=60 x=15 length =27 width = 15

Plz help as soon as possible!:))

Answers

Answer: The top answer

Step-by-step explanation:

Which equation represents a line that is parallel to the x-axis, is perpendicular to the y-axis, and has a slope of 0?
A.
[tex]y = \frac{4}{5} x + \frac{5}{4} [/tex]

B.
[tex]y = \frac{5}{4} x[/tex]

C.
[tex]y = \frac{4}{5} [/tex]

D.
[tex]x = \frac{5}{4} [/tex]

Answers

Answer:

C

Step-by-step explanation:

The equation of a line parallel to the x- axis ( slope of 0 ) and perpendicular to the y- axis has equation

y = c

where c is the value of the y- coordinates the line passes through.

The only equation in this form is

y = [tex]\frac{4}{5}[/tex] → C

How can you compare two fractions? Use complete sentences.

Answers

Answer:

You can simplify the fraction to get the most simplified answer then you can compare them or multiply the top or the bottom of the fraction to start comparing the fractions.

Step-by-step explanation:

*URGENT*
A private jet flies the same distance in 8 hours that a commercial jet flies in 4 hours. If the speed of the commercial jet was 172mph less than 3 times the speed of the private jet, find the speed of each jet.

Answers

Anwser
C= 344
P=516

Step by step explanation

If it flies 172 les then we can multiply
172 x 3= 516 or the speed of the private jet

Then
516 - 172= 344or speed of commercial jet

Please please give me Brainliest please

HELP PLEASE What is the midpoint of the vertical line segment graphed below? (2,4) (2,-9)

Answers

Answer:

(2, -5/2)

Step-by-step explanation:

We can easily find the midpoint of this line using the midpoint formula. Although we can just find it by looking at the graph, let's try finding the midpoint using the formula to make sure we are correct.

[tex](\frac{x1+x2}{2}), (\frac{y1+y2}{2} )[/tex]

[tex](\frac{2+2}{2}),(\frac{4+(-9)}{2})\\\\\\(\frac{4}{2}), (\frac{-5}{2})\\\\\\(2, \frac{-5}{2})[/tex]

Kim ate 50% of candies in the bag. If Kim ate 35 candies , how many candies were total in the bag?

Answers

Answer:

70 candies

Step-by-step explanation:

35 x 2 = 70

Check:

70/2 = 35

Calculate the experimental probability of flipping a coin 25 times, and getting heads 8 times.

Answers

Answer:

68 percent

Step-by-step explanation:

Answer:

68%

Step-by-step explanation:

If Z is the incenter of triangle TUV, WZ = 8x - 22 and ZX = 3x +
8, find ZV. Round to the nearest tenth, if necessary.
PLS HELP
GEOMETRY

Answers

9514 1404 393

Answer:

  ZV ≈ 42.8

Step-by-step explanation:

WZ and ZX and ZY are each radii of the incircle, so are the same length.

  8x -22 = 3x +8

  5x = 30

  x = 6

  ZX = ZY = 3x +8 = 3(6) +8 = 26

ZV is the hypotenuse of right triangle ZVY, which has side lengths of 34 and 26. So, the length of ZV can be found from the Pythagorean theorem as ...

  ZV = √(34² +26²) = √1832

  ZV ≈ 42.8

Questions 1-4
The ratio of the number of miles run to the number of miles biked is
equivalent for each row in the table,
Find the missing values in the table,
Miles Run (miles)
Miles Biked (miles)
Total Amount of
Exercise (miles)
6
B
A
3
7
2
D
6.

Answers

Answer:

Pictures please

Step-by-step explanation:

Answer:

A= 2

B= 6

Step-by-step explanation:

HELP ON MATH PLS ASAP HELP HELP HELP.

Answers

Answer:

n>-15 or c

Step-by-step explanation:

It is n >-15 that would be the answer

Simplify fully 4x^2+4x/2x^2-2

Answers

Answer:

Simplify the expression.

2x³ + 4x² − 2

-8-x=x - 4x
How do I solve this

Answers

1. subtract 4x to x then uu would get -3x
2. add x on the left to the -3x on the right
3. then divide 8 by 2
4. get the answer X = 4

do any body know this need help over here

Answers

The answer It’s either A or B

Answer:

A. experience an event through the author's eyes

Step-by-step explanation:

give brainliest please!

Find the total amount you will pay given original price of $24.99and tax rate of 5%

Answers

26.24 because I did the math UvU

Answer: $26.24

Step-by-step explanation:

Same method


6. Spiderman is three times as old as Superman.
The sum of their age is 160. How old are each of
them?

Answers

Spider-Man 120
Superman 40

Answer:

Spiderman is 120, and Superman is 40.

Step-by-step explanation:

40 x 3 = 120

120 + 40 = 160

Lawrence’s father gave him 200 baseball cards. Each week, Lawrence purchases ​​​​​​​25 baseball cards to add to his collection.

Which inequality can be used to find ​​​​​​​w, the number of weeks after starting his collection when Lawrence will have more than ​​​​​​​750 baseball cards in his collection?
F.200w + 25 750
J.25w + 200 > 750

Answers

Answer:

J

Step-by-step explanation:

The dad gave him a one time 200 bonus. Therefore, the 25 is being multiplied per week. Hope this helps!

D») 5. Carlos opens a savings account with a deposit of $1,000. The account earns
interest at a rate of 2% per year. Let A(1) denote the amount of money (in
dollars) that is in the account tyears after the account is opened. The
equation below displays the relationship between A(t) and t.

A(1) = 1,000 + 20+

Carlos will not close his account before $1,500 is present. Which of the
following intervals contains all the possible number of years after opening his
account that Carlos could close it?

Answers

Answer: After 25 years

Step-by-step explanation:

You included no intervals as options.

Question however states that Carlos will not close his account before $1,500 is present which means that he will only close this account after the interest has accumulated to $500.

Given that the account makes $20 a year, the number of years it would take to get to $500 is;

= 500/20

= 25 years

Carlos can close the account at any interval after 25 years.

what is the product of 9 and 2√90 in the simplest radical form??

Answers

Answer: √90=3√5⋅2=3√10

Step-by-step explanation:

Which of the following is the equation of a horizontal line
that passes through the point (5, 7)?

Answers

The point (a,b) is (5,7) . Therefore, the equation of the line is y=7

absolute value inequalities
|3-4x|<3

Answers

Answer:

|3-4x|<3

Step-by-step explanation:

3-4x<3

-4x<0

x>0

3-4x>-3

-4x>-6

x>3/2

128 pounds of dog food for 16 dogs

Answers

Answer:

8

Step-by-step explanation:

128/6=8

Answer:

8.

divide 128 by 16 and its ^

Other Questions
Which information can be determined using half-life? In a chest there are some gold coins. Captain takes half thecoins. Sally takes a fourth of the coins. There are 3 coins left.How many coins were in the chest at the start? A rectangle has a length that is 12 ft longerthan its width. If its perimeter is 84 ft, whatare the dimensions of the rectangle? Writea system of equations representing thesituation and then find the dimensions toobtain full credit. Kim ate 50% of candies in the bag. If Kim ate 35 candies , how many candies were total in the bag? D) 5. Carlos opens a savings account with a deposit of $1,000. The account earnsinterest at a rate of 2% per year. Let A(1) denote the amount of money (indollars) that is in the account tyears after the account is opened. Theequation below displays the relationship between A(t) and t.A(1) = 1,000 + 20+Carlos will not close his account before $1,500 is present. Which of thefollowing intervals contains all the possible number of years after opening hisaccount that Carlos could close it? What is patriotism? The definition please dont copy from googlr How do information systems help organizations? Which statement best summarizes the third paragraph of "Economy" in Walden? I need to know what thing goes in where Mr. Morales makes a table of the number of chaperones needed for different numbers of students attending a field trip. The ratio of parent chaperones to students is a constant proportion.What is the missing number in Mr. Moraless table? Hey guys! I will give Brainliest to the best answer. Please do not answer with something that is totally unhelpful or unintelligent. Please choose one of the provided answers, thanks) :))Hope you have a good day! (I think the answer is C, but I wanna be 100% sure) FORENSIC SCIENCE!Which of the following is an example of individual evidence when it comes to carpet? Group of answer choicesfiber lengthdye compositionthe carpet paddingthe type of fiber HELP PLEASE What is the midpoint of the vertical line segment graphed below? (2,4) (2,-9) 3/4 and 10/12.equivalentnot equivalent Which of the following would probably need the greatest force to overcome its inertia?option 1 a tennis ball 2 a sports ar 3 a dump truck and four a bicycle composition on funniest animal in the zoo How can you compare two fractions? Use complete sentences. Charlotte's Crochet Shoppe has 10,700 shares of common stock outstanding at a price per share of $63 and a rate of return of 11.13 percent. The company also has 320 bonds outstanding, with a par value of $1,000 per bond. The pretax cost of debt is 5.89 percent and the bonds sell for 93.6 percent of par. What is the firm's WACC if the tax rate is 40 percent?a. 8.79%b. 8.49%c. 9.93%d. 8.33%e. 9.52% do any body know this need help over here