Respuesta :
September is covered by the October payment, but interest is payable from August 20 through August 31 (31 - 19 = 12).
Where on the settlement statement does the buyer's new loan appear?
Where on the settlement statement does the buyer's new loan appear? Buyer with credit—The buyer's debit column contains all of the costs owed to him or her, while the buyer's credit column outlines the buyer's payment plan. The loan is a source of funds rather than a charge, making it a credit to the buyer.
How do you figure out how much money to bring to the closing?
The exact amount a buyer is required to pay at closing is determined by deducting the buyer's total credits (such as prepaid earnest money or the remaining amount of a loan that was preapproved for).The buyer will believe that the seller is from the total debits of the buyer.
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