Projected Payments
Loan Terms
CLOSING DISCLOSURE PAGE 1 OF 5 • LOAN ID # 0000000000
Payment Calculation
Principal & Interest
Mortgage Insurance
Estimated Escrow
Amount can increase over time
Estimated Total
Monthly Payment
Estimated Taxes, Insurance
& Assessments
Amount can increase over time
See page 4 for details See Escrow Account on page 4 for details. You must pay for other property
costs separately.
This estimate includes In escrow?
Property Taxes
Homeowner’s Insurance
Other:
Can this amount increase after closing?
Loan Amount
Interest Rate
Monthly Principal & Interest
See Projected Payments below for your
Estimated Total Monthly Payment
Does the loan have these features?
Prepayment Penalty
Balloon Payment
Closing Costs Includes $5,877.00 in Loan Costs + $7,642.43 in Other Costs – $0
in Lender Credits. See page 2 for details.
Cash to Close Includes Closing Costs. See Calculating Cash to Close on page 3 for details.
Costs at Closing
Transaction Information
Borrower
Seller
Lender
Loan Information
Loan Term
Purpose
Product
Loan Type Conventional FHA
VA _____________
Loan ID #
MIC #
Closing Information
Date Issued
Closing Date
Disbursement Date
Settlement Agent
File #
Property
Sale Price
This form is a statement of final loan terms and closing costs. Compare this
document with your Loan Estimate.Closing Disclosure
Projected Payments
Loan Terms
CLOSING DISCLOSURE PAGE 1 OF 5 • LOAN ID # 0000000000
Payment Calculation
Principal & Interest
Mortgage Insurance
Estimated Escrow
Amount can increase over time
Estimated Total
Monthly Payment
Estimated Taxes, Insurance
& Assessments
Amount can increase over time
See page 4 for details See Escrow Account on page 4 for details. You must pay for other property
costs separately.
This estimate includes In escrow?
Property Taxes
Homeowner’s Insurance
Other:
Can this amount increase after closing?
Loan Amount
Interest Rate
Monthly Principal & Interest
See Projected Payments below for your
Estimated Total Monthly Payment
Does the loan have these features?
Prepayment Penalty
Balloon Payment
Closing Costs Includes $5,877.00 in Loan Costs + $7,642.43 in Other Costs – $0
in Lender Credits. See page 2 for details.
Cash to Close Includes Closing Costs. See Calculating Cash to Close on page 3 for details.
Costs at Closing
Transaction Information
Borrower
Seller
Lender
Loan Information
Loan Term
Purpose
Product
Loan Type Conventional FHA
VA _____________
Loan ID #
MIC #
Closing Information
Date Issued
Closing Date
Disbursement Date
Settlement Agent
File #
Property
Appraised Prop. Value
This form is a statement of final loan terms and closing costs. Compare this
document with your Loan Estimate.Closing Disclosure
Projected Payments
Loan Terms
CLOSING DISCLOSURE PAGE ...
This document provides a sample Closing Disclosure for a fixed rate mortgage loan. It details the loan terms, closing costs, taxes and other fees associated with the transaction. The borrower is taking out a 30-year, $162,000 fixed rate loan at 3.875% to purchase a home for $180,000.
The document provides information about the TRID (TILA RESPA Integrated Disclosure) rule which combines mortgage disclosure forms to help borrowers better understand loan fees, terms, and closing costs. Under the new rule, borrowers will receive a Loan Estimate form within 3 days of applying which estimates closing costs, and a Closing Disclosure form 3 days before closing which provides final costs. The timeline outlines the typical process from application to closing.
1. Robert Freeman received a revised Good Faith Estimate and disclosure package from Freedom Mortgage regarding his mortgage application. Changes to the interest rate, lock period, and estimated monthly payment resulted in the revision.
2. The package included a Transaction Summary estimating Robert's monthly payment and cash needed for closing. It also listed third party service providers he could choose or find on his own.
3. The document notified Robert that if he has questions, he should contact his mortgage representative at Freedom Mortgage.
Chenoa fund-resources-sample closing-package-homeready_7618Chenoa Fund
"Chenoa Fund is an affordable housing program provided through CBC Mortgage Agency (CBCMA), a uniquely created and organized government institution. CBCMA specializes in providing down payment assistance solutions in conjunction with FHA loans, with a focus on providing funding for affordable housing opportunities in communities nationwide.
Through the Chenoa Fund, borrowers that meet our credit score and DTI requirements (see our program guidelines, and who can otherwise qualify for an FHA loan, can receive a first mortgage and a second mortgage or grant to cover their 3.5% minimum investment requirement. "
This document provides a sample completed Closing Disclosure form for a fixed rate mortgage loan. The loan terms, including the loan amount, interest rate, and loan term, have not changed from the initial Loan Estimate. The disclosure includes projected monthly payments, closing costs, estimated property taxes and homeowner's insurance amounts to be paid into escrow each month, and cash required from the borrower to close.
CFPB Loan Transaction Disclosure - Training AidMatthew Rathbun
This document is a sample Closing Disclosure for a fixed rate mortgage. It summarizes the key terms of the loan including the loan amount of $162,000, interest rate of 3.875%, and monthly principal and interest payment of $761.78. It also outlines the closing costs totaling $9,712.10 and the amount owed at closing of $14,147.26.
The loan is for $162,000 with a fixed interest rate of 3.875% and monthly principal and interest payments of $761.78 for the first 7 years and $761.78 plus estimated escrow of $206.13 for years 8-30 totaling $967.91 monthly. There is a prepayment penalty of up to $3,240 if paid off within the first 2 years. Closing costs are $9,712.10 and the amount owed at closing is $14,147.26.
This document is a HUD-1 Settlement Statement that provides details of a real estate transaction. It includes:
1) Key details of the property, loan, and parties involved including borrower, seller, lender and settlement agent.
2) A summary of financial transactions including the amounts due from the borrower and seller.
3) A detailed list of all settlement charges paid by the borrower and seller and their distribution. Charges include origination fees, title fees, taxes, and more.
This document provides a sample Closing Disclosure for a fixed rate mortgage loan. It details the loan terms, closing costs, taxes and other fees associated with the transaction. The borrower is taking out a 30-year, $162,000 fixed rate loan at 3.875% to purchase a home for $180,000.
The document provides information about the TRID (TILA RESPA Integrated Disclosure) rule which combines mortgage disclosure forms to help borrowers better understand loan fees, terms, and closing costs. Under the new rule, borrowers will receive a Loan Estimate form within 3 days of applying which estimates closing costs, and a Closing Disclosure form 3 days before closing which provides final costs. The timeline outlines the typical process from application to closing.
1. Robert Freeman received a revised Good Faith Estimate and disclosure package from Freedom Mortgage regarding his mortgage application. Changes to the interest rate, lock period, and estimated monthly payment resulted in the revision.
2. The package included a Transaction Summary estimating Robert's monthly payment and cash needed for closing. It also listed third party service providers he could choose or find on his own.
3. The document notified Robert that if he has questions, he should contact his mortgage representative at Freedom Mortgage.
Chenoa fund-resources-sample closing-package-homeready_7618Chenoa Fund
"Chenoa Fund is an affordable housing program provided through CBC Mortgage Agency (CBCMA), a uniquely created and organized government institution. CBCMA specializes in providing down payment assistance solutions in conjunction with FHA loans, with a focus on providing funding for affordable housing opportunities in communities nationwide.
Through the Chenoa Fund, borrowers that meet our credit score and DTI requirements (see our program guidelines, and who can otherwise qualify for an FHA loan, can receive a first mortgage and a second mortgage or grant to cover their 3.5% minimum investment requirement. "
This document provides a sample completed Closing Disclosure form for a fixed rate mortgage loan. The loan terms, including the loan amount, interest rate, and loan term, have not changed from the initial Loan Estimate. The disclosure includes projected monthly payments, closing costs, estimated property taxes and homeowner's insurance amounts to be paid into escrow each month, and cash required from the borrower to close.
CFPB Loan Transaction Disclosure - Training AidMatthew Rathbun
This document is a sample Closing Disclosure for a fixed rate mortgage. It summarizes the key terms of the loan including the loan amount of $162,000, interest rate of 3.875%, and monthly principal and interest payment of $761.78. It also outlines the closing costs totaling $9,712.10 and the amount owed at closing of $14,147.26.
The loan is for $162,000 with a fixed interest rate of 3.875% and monthly principal and interest payments of $761.78 for the first 7 years and $761.78 plus estimated escrow of $206.13 for years 8-30 totaling $967.91 monthly. There is a prepayment penalty of up to $3,240 if paid off within the first 2 years. Closing costs are $9,712.10 and the amount owed at closing is $14,147.26.
This document is a HUD-1 Settlement Statement that provides details of a real estate transaction. It includes:
1) Key details of the property, loan, and parties involved including borrower, seller, lender and settlement agent.
2) A summary of financial transactions including the amounts due from the borrower and seller.
3) A detailed list of all settlement charges paid by the borrower and seller and their distribution. Charges include origination fees, title fees, taxes, and more.
This document is a Federal Truth in Lending Disclosure Statement for a mortgage loan from Your Favorite Mortgage Corporation. The annual percentage rate is 7.337% and the total finance charge is $205,017.52. The amount financed is $138,796.50 and the total amount to be paid over the life of the loan is $343,814.02. The borrower will make 359 monthly payments of $955.05 and a final payment of $951.07.
This Good Faith Estimate provides borrowers with estimates of settlement charges and loan terms for a potential loan. It summarizes estimated settlement charges, loan details such as initial loan amount and interest rate, important dates, and whether the loan has features like a prepayment penalty or balloon payment. It explains that actual charges on the HUD-1 form at settlement may differ if the borrower chooses their own service providers rather than those selected or identified by the lender.
The document discusses new regulations under RESPA and the Good Faith Estimate (GFE) that aim to help borrowers shop for loans and protect them from unexpected fees. Key points include:
1) Lenders must provide a GFE within 3 days of receiving a loan application that gives fixed estimates for settlement costs.
2) The new GFE and HUD-1 form have improved tolerances to hold lenders accountable, with most fees unable to increase at closing.
3) Additional protections for borrowers were added through the Housing and Economic Recovery Act (HERA) around loan disclosures and timing of closings.
The document discusses reforms to the Real Estate Settlement Procedures Act (RESPA) that aim to provide more transparency to home buyers. The Good Faith Estimate (GFE) and HUD-1 settlement statement were revised to better inform borrowers about loan terms and prevent unexpected fee increases. Key changes include making GFEs binding documents, adding fee tolerance limits, and requiring refunds if certain fees exceed tolerances. A third page was also added to the HUD-1 to compare final fees to those in the GFE. The reforms take effect for applications starting January 1st and are designed to increase competition and lower costs through an improved disclosure process.
A. Settlement Statement (HUD-1)HUD-1Page 1 of 3Previous ed.docxbartholomeocoombs
A. Settlement Statement (HUD-1)
HUD-1Page 1 of 3Previous edition are obsolete
B. Type of Loan
J. Summary of Borrower’s Transaction
100. Gross Amount Due from Borrower
C. Note:
400. Gross Amount Due to Seller
This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown. Items marked
“(p.o.c.)” were paid outside the closing; they are shown here for informational purposes and are not included in the totals.
401. Contract sales price
106. City/town taxes to
to
to
to
to
to
to
to
to
to
to
to
406. City/town taxes
203. Existing loan(s) taken subject to 503. Existing loan(s) taken subject to
212. Assessments 512. Assessments
302. Less amounts paid by/for borrower (line 220) 602. Less reductions in amounts due seller (line 520)( ) ( )
213. 513.
214. 514.
215. 515.
216. 516.
218. 518.
217. 517.
219. 519.
102. Personal property
101. Contract sales price
402. Personal property
107. County taxes 407. County taxes
204. 504. Payoff of first mortgage loan
103. Settlement charges to borrower (line 1400) 403.
108. Assessments 408. Assessments
205. 505. Payoff of second mortgage loan
104. 404.
109. 409.
206. 506.
201. Deposit or earnest money 501. Excess deposit (see instructions)
210. City/town taxes 510. City/town taxes
105.
1.
D. Name & Address of Borrower:
G. Property Location:
E. Name & Address of Seller: F. Name & Address of Lender:
I. Settlement Date:H. Settlement Agent:
Place of Settlement:
2. 3.FHA RHS Conv. Unins. 6. File Number: 7. Loan Number: 8. Mortgage Insurance Case Number:
VA Conv. Ins.4. 5.
405.
110. 410.
207. 507.
202. Principal amount of new loan(s) 502. Settlement charges to seller (line 1400)
211. County taxes 511. County taxes
301. Gross amount due from borrower (line 120) 601. Gross amount due to seller (line 420)
111. 411.
208. 508.
112. 412.
209. 509.
120. Gross Amount Due from Borrower 420. Gross Amount Due to Seller
200. Amount Paid by or in Behalf of Borrower 500. Reductions In Amount Due to seller
Adjustments for items unpaid by seller Adjustments for items unpaid by seller
220. Total Paid by/for Borrower 520. Total Reduction Amount Due Seller
303. Cash 603. CashFrom ToTo Borrower From Seller
300. Cash at Settlement from/to Borrower 600. Cash at Settlement to/from Seller
Adjustment for items paid by seller in advance Adjustment for items paid by seller in advance
K. Summary of Seller’s Transaction
OMB Approval No. 2502-0265
The Public Reporting Burden for this collection of information is estimated at 35 minutes per response for collecting, reviewing, and reporting the data. This agency may not
collect this information, and you are not required to complete this form, unless it displays a currently valid OMB control number. No confidentiality is assured; this disclosure
is mandatory. This is designed to provide the parties to a RESPA cover.
The document provides an overview of new regulations for real estate closings under RESPA that take effect in 2010, including a new Good Faith Estimate (GFE) and HUD-1 Settlement Statement. Key changes include bundling origination fees on the GFE, increased tolerances for estimated closing costs, and requiring lenders to provide more details to settlement agents to complete the HUD-1. The document also discusses resources for understanding the new rules and how TitleHub can help real estate professionals with electronic closings and legal/marketing advice.
The document summarizes the key differences between mortgage disclosure processes before and after the TILA-RESPA Integrated Disclosure (TRID) rule went into effect on October 3, 2015. Some of the main changes include a single Loan Estimate form replacing multiple earlier forms, more transparent disclosure of closing costs and cash needed to close earlier in the process, and lenders taking responsibility for accuracy of disclosures instead of settlement agents. The new rules aim to provide borrowers clearer and more consistent information throughout the mortgage process.
This document discusses factoring, which is a financial transaction where a business sells its accounts receivable to a third party called a factor in exchange for immediate cash. There are several types of factoring described, including domestic, international, recourse, non-recourse, maturity, and invoice factoring. The key differences between factoring and a bank loan are also outlined. A case study is then provided showing how a company used export factoring and purchase order financing to fulfill several contracts requiring upfront capital.
The Loan Estimate: This form will be provided to consumers within three business days after they submit a loan application. It replaces the early Truth in Lending statement and the Good Faith Estimate, and provides a summary of the key loan terms and estimated loan and closing costs. Consumers can use this new form to compare the costs and features of different loans.
This document provides information about the homebuying process from a mortgage lender called Get A Rate Home Loans. It includes sections on understanding their loan process, documents needed for pre-approval, tips for homebuyers, and definitions of common real estate terms. The document is intended to educate potential homebuyers on working with this lender.
The document provides a quick reference to the TRID (TILA-RESPA Integrated Disclosure) rule for mortgage disclosures in the United States. It outlines that TRID applies to consumer purpose loans secured by real estate. It discusses the timing requirements for providing the Loan Estimate and Closing Disclosure to borrowers. It also defines what constitutes a "valid change circumstance" that allows lenders to issue revised disclosures outside of the standard timing rules. Finally, it reviews the different tolerance levels that apply to estimating settlement costs, taxes, and other fees on the Closing Disclosure form compared to what was previously disclosed on the Loan Estimate.
This document is a HUD-1 Settlement Statement form that provides a breakdown of costs and fees associated with closing on a residential property. It lists charges paid by both the borrower and seller at settlement, including origination fees, title fees, taxes, and other closing costs. The form also includes a comparison of estimated charges from the Good Faith Estimate versus actual charges on the HUD-1, and outlines the key loan terms such as the interest rate, monthly payment amount, and presence of any prepayment penalties.
The document is a loan application packet from Barksdale Federal Credit Union (BFCU) for a business loan. It includes instructions for completing and returning various forms and documents needed to apply for the loan. The forms include a business loan application, personal financial statement, and business debt schedule. Additional documentation such as tax returns and financial statements are also required. Once submitted, the loan process begins which typically includes underwriting, a decision by the loan committee, and closing if approved. BFCU charges a 1% origination fee and document fees for closing a business loan.
This document provides an overview of a webinar presented by Stearns Lending on RESPA compliance for brokers. It discusses the changes to RESPA regulations over time and common errors seen in RESPA documentation. The webinar agenda covers GFE requirements, changed circumstances, pre-approvals, and common closing errors. Brokers are encouraged to use tools like the AutoGFE program and changed circumstance form to help ensure accurate RESPA documentation.
The document compares the current and future state of regulations regarding mortgage loan disclosures and closing processes. Some key changes in the future state include expanding the scope of covered transactions, requiring a single Closing Disclosure form to replace the HUD-1 and TILA forms, more restrictions on fee increases at closing, additional triggers requiring revised initial disclosures, and changes to timing requirements for delivery of disclosures to the borrower. The future state aims to increase consumer protections and align regulations with the new TILA-RESPA integrated disclosures.
The document discusses various types of home loans offered by private banks in India. It provides details on home purchase loans, home construction loans, home extension loans, and other loan options. It also explains key concepts like EMI calculation, fixed vs floating interest rates, loan eligibility and terms for both resident and non-resident Indians. Various costs associated with obtaining a home loan and the process of loan application, sanctioning and disbursement are outlined.
This document provides an overview of a lender's home loan appraisal procedures. It discusses the application process, required documentation, appraisal steps, and agreements involved. Key points:
- The application collects applicant information and property details to assess risk. Required documents verify income, identity, address, and property ownership.
- The lender validates information, checks policies, and determines loan eligibility and terms. Agreements cover the loan, security, repayment terms, and applicant obligations.
- The appraisal process involves verifying applicant qualifications, property valuation, legal review, and ensuring repayment ability based on income analysis.
Get competitive No Deposit car loan approved quickly with onlinecarloans.co.nz. CFS - Community Financial Services have been helping people with car finance for over 10 years. Good or Bad Credit we tailor vehicle finance to you.
It is Atlantic Bay’s mission to ensure that our loan officers have all of the tools and information necessary to make the loan experience enjoyable for our clients and partners. We achieve this through our innovation, ongoing training and consistent communication.
According to the NASW Code of Ethics section 6.04 (NASW, 2008), .docxaryan532920
According to the NASW Code of Ethics section 6.04 (NASW, 2008), social workers are ethically bound to work for policies that support the healthy development of individuals, guarantee equal access to services, and promote social and economic justice.
For this Discussion
, review this week’s resources, including
Working with Survivors of Sexual Abuse and Trauma: The Case of Rita
and “The Johnson Family”. Consider what change you might make to the policies that affect the client in the case you chose. Finally, think about how you might evaluate the success of the policy changes.
By Day 3
Post
an explanation of one change you might make to the policies that affect the client in the case. Be sure to reference the case you selected in your post. Finally, explain how you might evaluate the success of the policy changes.
Working With Survivors of Sexual Abuse and Trauma: The Case of Rita
Rita is a 22-year-old, heterosexual, Latina female working in the hospitality industry at a resort. She is the youngest of five children and lives at home with her parents. Rita has dated in the past but never developed a serious relationship. She is close to her immediate and extended family as well as to her female friends in the Latino community. Although her parents and three of her siblings were born in the Dominican Republic, Rita was born in the United States.
A year ago, Rita was sexually assaulted by an acquaintance of a male coworker. Rita and a female coworker met Juan and Bob after work at a local bar for a light meal and a few drinks. Because Rita had to get up early to work her shift the next day, Bob offered to drive her home. Instead of taking Rita directly home, however, he drove to a desolate spot nearby and assaulted her. Afterward, Bob threatened to harm her family if she did not remain silent and proceeded to drive her home. Although Rita did not tell her family what happened, she did call our agency hotline the next day to discuss her options. Because Rita’s assault occurred within the 5-day window for forensic evidence collection of this kind, Rita consented to activation of the county’s sexual assault response team (SART). Although she agreed to have an advocate and the sexual assault nurse examiner (SANE) meet her at the hospital, Rita tearfully stated that she did not want to file a police report at that time because she did not want to upset her family. The nurse examiner interviewed Rita, collected evidence, recorded any injuries, administered antibiotics for possible sexually transmitted infections, and gave Rita emergency contraception in case of pregnancy. The advocate stayed with Rita during the procedure, supporting her and validating her experience, and gave her a referral for individual crisis counseling at our agency.
My treatment goals for Rita included alleviation of rape trauma syndrome symptoms that included shame and self-blame, validation of self-worth and empowerment, and processing how it would feel to discl.
According to the text, crime has been part of the human condition si.docxaryan532920
The document provides instructions for a 4-6 page paper on criminal law. It asks the student to:
1) Determine if the Ex Post Facto Clause can prohibit increased federal minimum sentencing guidelines and provide a rationale.
2) Explain the distinction between criminal, tort, and moral wrongs, and support or criticize the premise that moral laws have higher standards than criminal law.
3) Identify and discuss the differences between solicitation and conspiracy to commit a crime, and support or criticize the unilateral approach to conspiracy convictions.
4) Identify the four goals of criminal law and discuss how they effectuate protecting the public and preventing innocent convictions.
More Related Content
Similar to Projected Payments Loan Terms CLOSING DISCLOSURE PAG.docx
This document is a Federal Truth in Lending Disclosure Statement for a mortgage loan from Your Favorite Mortgage Corporation. The annual percentage rate is 7.337% and the total finance charge is $205,017.52. The amount financed is $138,796.50 and the total amount to be paid over the life of the loan is $343,814.02. The borrower will make 359 monthly payments of $955.05 and a final payment of $951.07.
This Good Faith Estimate provides borrowers with estimates of settlement charges and loan terms for a potential loan. It summarizes estimated settlement charges, loan details such as initial loan amount and interest rate, important dates, and whether the loan has features like a prepayment penalty or balloon payment. It explains that actual charges on the HUD-1 form at settlement may differ if the borrower chooses their own service providers rather than those selected or identified by the lender.
The document discusses new regulations under RESPA and the Good Faith Estimate (GFE) that aim to help borrowers shop for loans and protect them from unexpected fees. Key points include:
1) Lenders must provide a GFE within 3 days of receiving a loan application that gives fixed estimates for settlement costs.
2) The new GFE and HUD-1 form have improved tolerances to hold lenders accountable, with most fees unable to increase at closing.
3) Additional protections for borrowers were added through the Housing and Economic Recovery Act (HERA) around loan disclosures and timing of closings.
The document discusses reforms to the Real Estate Settlement Procedures Act (RESPA) that aim to provide more transparency to home buyers. The Good Faith Estimate (GFE) and HUD-1 settlement statement were revised to better inform borrowers about loan terms and prevent unexpected fee increases. Key changes include making GFEs binding documents, adding fee tolerance limits, and requiring refunds if certain fees exceed tolerances. A third page was also added to the HUD-1 to compare final fees to those in the GFE. The reforms take effect for applications starting January 1st and are designed to increase competition and lower costs through an improved disclosure process.
A. Settlement Statement (HUD-1)HUD-1Page 1 of 3Previous ed.docxbartholomeocoombs
A. Settlement Statement (HUD-1)
HUD-1Page 1 of 3Previous edition are obsolete
B. Type of Loan
J. Summary of Borrower’s Transaction
100. Gross Amount Due from Borrower
C. Note:
400. Gross Amount Due to Seller
This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown. Items marked
“(p.o.c.)” were paid outside the closing; they are shown here for informational purposes and are not included in the totals.
401. Contract sales price
106. City/town taxes to
to
to
to
to
to
to
to
to
to
to
to
406. City/town taxes
203. Existing loan(s) taken subject to 503. Existing loan(s) taken subject to
212. Assessments 512. Assessments
302. Less amounts paid by/for borrower (line 220) 602. Less reductions in amounts due seller (line 520)( ) ( )
213. 513.
214. 514.
215. 515.
216. 516.
218. 518.
217. 517.
219. 519.
102. Personal property
101. Contract sales price
402. Personal property
107. County taxes 407. County taxes
204. 504. Payoff of first mortgage loan
103. Settlement charges to borrower (line 1400) 403.
108. Assessments 408. Assessments
205. 505. Payoff of second mortgage loan
104. 404.
109. 409.
206. 506.
201. Deposit or earnest money 501. Excess deposit (see instructions)
210. City/town taxes 510. City/town taxes
105.
1.
D. Name & Address of Borrower:
G. Property Location:
E. Name & Address of Seller: F. Name & Address of Lender:
I. Settlement Date:H. Settlement Agent:
Place of Settlement:
2. 3.FHA RHS Conv. Unins. 6. File Number: 7. Loan Number: 8. Mortgage Insurance Case Number:
VA Conv. Ins.4. 5.
405.
110. 410.
207. 507.
202. Principal amount of new loan(s) 502. Settlement charges to seller (line 1400)
211. County taxes 511. County taxes
301. Gross amount due from borrower (line 120) 601. Gross amount due to seller (line 420)
111. 411.
208. 508.
112. 412.
209. 509.
120. Gross Amount Due from Borrower 420. Gross Amount Due to Seller
200. Amount Paid by or in Behalf of Borrower 500. Reductions In Amount Due to seller
Adjustments for items unpaid by seller Adjustments for items unpaid by seller
220. Total Paid by/for Borrower 520. Total Reduction Amount Due Seller
303. Cash 603. CashFrom ToTo Borrower From Seller
300. Cash at Settlement from/to Borrower 600. Cash at Settlement to/from Seller
Adjustment for items paid by seller in advance Adjustment for items paid by seller in advance
K. Summary of Seller’s Transaction
OMB Approval No. 2502-0265
The Public Reporting Burden for this collection of information is estimated at 35 minutes per response for collecting, reviewing, and reporting the data. This agency may not
collect this information, and you are not required to complete this form, unless it displays a currently valid OMB control number. No confidentiality is assured; this disclosure
is mandatory. This is designed to provide the parties to a RESPA cover.
The document provides an overview of new regulations for real estate closings under RESPA that take effect in 2010, including a new Good Faith Estimate (GFE) and HUD-1 Settlement Statement. Key changes include bundling origination fees on the GFE, increased tolerances for estimated closing costs, and requiring lenders to provide more details to settlement agents to complete the HUD-1. The document also discusses resources for understanding the new rules and how TitleHub can help real estate professionals with electronic closings and legal/marketing advice.
The document summarizes the key differences between mortgage disclosure processes before and after the TILA-RESPA Integrated Disclosure (TRID) rule went into effect on October 3, 2015. Some of the main changes include a single Loan Estimate form replacing multiple earlier forms, more transparent disclosure of closing costs and cash needed to close earlier in the process, and lenders taking responsibility for accuracy of disclosures instead of settlement agents. The new rules aim to provide borrowers clearer and more consistent information throughout the mortgage process.
This document discusses factoring, which is a financial transaction where a business sells its accounts receivable to a third party called a factor in exchange for immediate cash. There are several types of factoring described, including domestic, international, recourse, non-recourse, maturity, and invoice factoring. The key differences between factoring and a bank loan are also outlined. A case study is then provided showing how a company used export factoring and purchase order financing to fulfill several contracts requiring upfront capital.
The Loan Estimate: This form will be provided to consumers within three business days after they submit a loan application. It replaces the early Truth in Lending statement and the Good Faith Estimate, and provides a summary of the key loan terms and estimated loan and closing costs. Consumers can use this new form to compare the costs and features of different loans.
This document provides information about the homebuying process from a mortgage lender called Get A Rate Home Loans. It includes sections on understanding their loan process, documents needed for pre-approval, tips for homebuyers, and definitions of common real estate terms. The document is intended to educate potential homebuyers on working with this lender.
The document provides a quick reference to the TRID (TILA-RESPA Integrated Disclosure) rule for mortgage disclosures in the United States. It outlines that TRID applies to consumer purpose loans secured by real estate. It discusses the timing requirements for providing the Loan Estimate and Closing Disclosure to borrowers. It also defines what constitutes a "valid change circumstance" that allows lenders to issue revised disclosures outside of the standard timing rules. Finally, it reviews the different tolerance levels that apply to estimating settlement costs, taxes, and other fees on the Closing Disclosure form compared to what was previously disclosed on the Loan Estimate.
This document is a HUD-1 Settlement Statement form that provides a breakdown of costs and fees associated with closing on a residential property. It lists charges paid by both the borrower and seller at settlement, including origination fees, title fees, taxes, and other closing costs. The form also includes a comparison of estimated charges from the Good Faith Estimate versus actual charges on the HUD-1, and outlines the key loan terms such as the interest rate, monthly payment amount, and presence of any prepayment penalties.
The document is a loan application packet from Barksdale Federal Credit Union (BFCU) for a business loan. It includes instructions for completing and returning various forms and documents needed to apply for the loan. The forms include a business loan application, personal financial statement, and business debt schedule. Additional documentation such as tax returns and financial statements are also required. Once submitted, the loan process begins which typically includes underwriting, a decision by the loan committee, and closing if approved. BFCU charges a 1% origination fee and document fees for closing a business loan.
This document provides an overview of a webinar presented by Stearns Lending on RESPA compliance for brokers. It discusses the changes to RESPA regulations over time and common errors seen in RESPA documentation. The webinar agenda covers GFE requirements, changed circumstances, pre-approvals, and common closing errors. Brokers are encouraged to use tools like the AutoGFE program and changed circumstance form to help ensure accurate RESPA documentation.
The document compares the current and future state of regulations regarding mortgage loan disclosures and closing processes. Some key changes in the future state include expanding the scope of covered transactions, requiring a single Closing Disclosure form to replace the HUD-1 and TILA forms, more restrictions on fee increases at closing, additional triggers requiring revised initial disclosures, and changes to timing requirements for delivery of disclosures to the borrower. The future state aims to increase consumer protections and align regulations with the new TILA-RESPA integrated disclosures.
The document discusses various types of home loans offered by private banks in India. It provides details on home purchase loans, home construction loans, home extension loans, and other loan options. It also explains key concepts like EMI calculation, fixed vs floating interest rates, loan eligibility and terms for both resident and non-resident Indians. Various costs associated with obtaining a home loan and the process of loan application, sanctioning and disbursement are outlined.
This document provides an overview of a lender's home loan appraisal procedures. It discusses the application process, required documentation, appraisal steps, and agreements involved. Key points:
- The application collects applicant information and property details to assess risk. Required documents verify income, identity, address, and property ownership.
- The lender validates information, checks policies, and determines loan eligibility and terms. Agreements cover the loan, security, repayment terms, and applicant obligations.
- The appraisal process involves verifying applicant qualifications, property valuation, legal review, and ensuring repayment ability based on income analysis.
Get competitive No Deposit car loan approved quickly with onlinecarloans.co.nz. CFS - Community Financial Services have been helping people with car finance for over 10 years. Good or Bad Credit we tailor vehicle finance to you.
It is Atlantic Bay’s mission to ensure that our loan officers have all of the tools and information necessary to make the loan experience enjoyable for our clients and partners. We achieve this through our innovation, ongoing training and consistent communication.
Similar to Projected Payments Loan Terms CLOSING DISCLOSURE PAG.docx (20)
According to the NASW Code of Ethics section 6.04 (NASW, 2008), .docxaryan532920
According to the NASW Code of Ethics section 6.04 (NASW, 2008), social workers are ethically bound to work for policies that support the healthy development of individuals, guarantee equal access to services, and promote social and economic justice.
For this Discussion
, review this week’s resources, including
Working with Survivors of Sexual Abuse and Trauma: The Case of Rita
and “The Johnson Family”. Consider what change you might make to the policies that affect the client in the case you chose. Finally, think about how you might evaluate the success of the policy changes.
By Day 3
Post
an explanation of one change you might make to the policies that affect the client in the case. Be sure to reference the case you selected in your post. Finally, explain how you might evaluate the success of the policy changes.
Working With Survivors of Sexual Abuse and Trauma: The Case of Rita
Rita is a 22-year-old, heterosexual, Latina female working in the hospitality industry at a resort. She is the youngest of five children and lives at home with her parents. Rita has dated in the past but never developed a serious relationship. She is close to her immediate and extended family as well as to her female friends in the Latino community. Although her parents and three of her siblings were born in the Dominican Republic, Rita was born in the United States.
A year ago, Rita was sexually assaulted by an acquaintance of a male coworker. Rita and a female coworker met Juan and Bob after work at a local bar for a light meal and a few drinks. Because Rita had to get up early to work her shift the next day, Bob offered to drive her home. Instead of taking Rita directly home, however, he drove to a desolate spot nearby and assaulted her. Afterward, Bob threatened to harm her family if she did not remain silent and proceeded to drive her home. Although Rita did not tell her family what happened, she did call our agency hotline the next day to discuss her options. Because Rita’s assault occurred within the 5-day window for forensic evidence collection of this kind, Rita consented to activation of the county’s sexual assault response team (SART). Although she agreed to have an advocate and the sexual assault nurse examiner (SANE) meet her at the hospital, Rita tearfully stated that she did not want to file a police report at that time because she did not want to upset her family. The nurse examiner interviewed Rita, collected evidence, recorded any injuries, administered antibiotics for possible sexually transmitted infections, and gave Rita emergency contraception in case of pregnancy. The advocate stayed with Rita during the procedure, supporting her and validating her experience, and gave her a referral for individual crisis counseling at our agency.
My treatment goals for Rita included alleviation of rape trauma syndrome symptoms that included shame and self-blame, validation of self-worth and empowerment, and processing how it would feel to discl.
According to the text, crime has been part of the human condition si.docxaryan532920
The document provides instructions for a 4-6 page paper on criminal law. It asks the student to:
1) Determine if the Ex Post Facto Clause can prohibit increased federal minimum sentencing guidelines and provide a rationale.
2) Explain the distinction between criminal, tort, and moral wrongs, and support or criticize the premise that moral laws have higher standards than criminal law.
3) Identify and discuss the differences between solicitation and conspiracy to commit a crime, and support or criticize the unilateral approach to conspiracy convictions.
4) Identify the four goals of criminal law and discuss how they effectuate protecting the public and preventing innocent convictions.
According to Ronald Story and Bruce Laurie, The dozen years between.docxaryan532920
Conservatives came to dominate American politics between 1968 and 1980 by capitalizing on social unrest and challenging the New Deal coalition. They embraced ideas and policies that emphasized free markets, deregulation, and tax cuts. These policies shaped American society into the 21st century by promoting economic growth while also increasing inequality.
According to Kirk (2016), most of your time will be spent work with .docxaryan532920
According to Kirk (2016), most of your time will be spent work with your data. The four following group actions were mentioned by Kirk (2016):
Data acquisition: Gathering the raw material
Data examination: Identifying physical properties and meaning
Data transformation: Enhancing your data through modification and consolidation
Data exploration: Using exploratory analysis and research techniques to learn
Select 1 data action and elaborate on the actions performed in that action group.
Reference: Kirk, A. (2016). Data Visualisation: A Handbook for Data Driven Design (p. 50). SAGE Publications.
.
According to the Council on Social Work Education, Competency 5 Eng.docxaryan532920
According to the Council on Social Work Education, Competency 5: Engage in Policy Practice:
Social workers understand that human rights and social justice, as well as social welfare and services, are mediated by policy and its implementation at the federal, state, and local levels. Social workers understand the history and current structures of social policies and services, the role of policy in service delivery, and the role of practice in policy development. Social workers understand their role in policy development and implementation within their practice settings at the micro, mezzo, and macro levels and they actively engage in policy practice to effect change within those settings. Social workers recognize and understand the historical, social, cultural, economic, organizational, environmental, and global influences that affect social policy. They are also knowledgeable about policy formulation, analysis, implementation, and evaluation.
Walden’s MSW program expects students in their specialization year to be able to:
Evaluate the implication of policies and policy change in the lives of clients/constituents.
Demonstrate critical thinking skills that can be used to inform policymakers and influence policies that impact clients/constituents and services.
This assignment is intended to help students demonstrate the behavioral components of this competency in their field education.
To prepare
: Working with your field instructor, identify a social problem that is common among the organization (or its clients) and research current policies at that state and federal levels that impact the social problem. Then, from a position of advocacy, identify methods to address the social problem (i.e., how you, as a social worker, and the agency advocate to change the problem). You are expected to specifically address how both you and the agency can effectively engage policy makers to make them aware of the social problem and the impact that the policies have on the agency and clients.
The Assignment (2-3 pages): Social Problems is Ex-cons finding Jobs Opportunities in State of California. The Agency is Called "Manifest" the website is Manifest.org
Identify the social problem
Explain rational for selecting social problem
Describe state and federal policies that impact the social problem
Identify specific methods to address the social problems
Explain how the agency and student can advocate to change the social problem
You are expected to present and discuss this assignment with your agency Field Instructor. Your field instructor will be evaluating your ability to demonstrate this competency in their field evaluation. In addition, you will submit this assignment for classroom credit. The Field Liaison will grade the assignment “PASS/FAIL,” see rubric for passing criteria.
.
According to Kirk (2016), most of our time will be spent working.docxaryan532920
According to Kirk (2016), most of our time will be spent working with our data. The four following group actions were mentioned by Kirk (2016):
Book: Kirk, A. (2016). Data visualisation a handbook for data driven design. Los Angeles, CA: Sage.
Data acquisition: Gathering the raw material
Data examination: Identifying physical properties and meaning
Data transformation: Enhancing your data through modification and consolidation
Data exploration: Using exploratory analysis and research techniques to learn
Select 1 data action and elaborate on the actions preformed in that action group.
.
According to Kirk (2016), most of your time will be spent working wi.docxaryan532920
According to Kirk (2016), most of your time will be spent working with your data. The four following group actions were mentioned by Kirk (2016):
Data acquisition: Gathering the raw material
Data examination: Identifying physical properties and meaning
Data transformation: Enhancing your data through modification and consolidation
Data exploration: Using exploratory analysis and research techniques to learn
Select 1 data action and elaborate on the actions preformed in that action group.
.
According to Davenport (2014) the organizational value of healthcare.docxaryan532920
According to Davenport (2014) the organizational value of healthcare analytics, both determination and importance, provide a potential increase in annual revenue and ROI based on the value and use of analytics. To complete this assignment, research and evaluate the challenges faced in the implementation of healthcare analytics in the Health Care Organization (HCO) or health care industry using the following tools:
The paper must also address the following:
Application of PICO (problem, intervention, comparison group, and outcomes) to the challenge identified in your research.
The paper:
Must be two to four double-spaced pages in length (not including title and references pages) and formatted according to APA style as outlined in the
Ashford Writing Center. (Links to an external site.)
Must include a separate title page with the following:
Title of paper
Student’s name
Course name and number
Instructor’s name
Date submitted
Must use at least three scholarly sources in addition to the course text.
Must document all sources in APA style as outlined in the Ashford Writing Center.
Must include a separate references page that is formatted according to APA style as outlined in the Ashford Writing Center.
.
According to the authors, privacy and security go hand in hand; .docxaryan532920
According to the authors, privacy and security go hand in hand; and hence, privacy cannot be protected without implementing proper security controls and technologies. Today, organizations must make not only reasonable efforts to offer protection of privacy of data, but also must go much further as privacy breaches are damaging to its customers, reputation, and potentially could put the company out of business. As we continue learning from our various professional areas of practice, its no doubt that breaches have become an increasing concern to many businesses and their future operations. Taking Cyberattacks proliferation of 2011 into context, security experts at Intel/McAfee discovered huge series of cyberattacks on the networks of 72 organizations globally, including the United Nations, governments and corporations.
Q: From this research revelation in our chapter 11, briefly state and name the countries and organizations identified as the targeted victims?
.
According to Gilbert and Troitzsch (2005), Foundations of Simula.docxaryan532920
According to Gilbert and Troitzsch (2005), Foundations of Simulation Modeling, a simulation model is a computer program that captures the behavior of a real-world system and its input and possible output processes.
Briefly explain what the simulation modeling relies upon?
-500 words at least.
-No Plagiarism.
-APA Format.
.
According to Klein (2016), using ethical absolutism and ethical .docxaryan532920
According to Klein (2016), using ethical absolutism and ethical relativism in ethical decision making can lead to different outcomes. How can moral reasoning about a specific situation differ based on relativism or absolutism? Can you provide an illustration or example of an accounting procedure/situation whose outcome may differ based on absolutism or relativism? Is ethical relativism a more suitable standard within a global IFRS Environment? Why or why not?
at least 250 words
.
According to Franks and Smallwood (2013), information has become.docxaryan532920
Social media differs from email in its functionality due to social media's immaturity compared to the stability of email. Specifically, social media allows for a greater volume of information to be shared and exchanged through newer tools like blogs, microblogs, and wikis which have increased the lifeblood of information for many businesses. Additionally, research has documented key differences in how social media is used compared to the more established email.
According to the Council on Social Work Education, Competency 5.docxaryan532920
According to the Council on Social Work Education, Competency 5: Engage in Policy Practice:
Social workers understand that human rights and social justice, as well as social welfare and services, are mediated by policy and its implementation at the federal, state, and local levels. Social workers understand the history and current structures of social policies and services, the role of policy in service delivery, and the role of practice in policy development. Social workers understand their role in policy development and implementation within their practice settings at the micro, mezzo, and macro levels and they actively engage in policy practice to effect change within those settings. Social workers recognize and understand the historical, social, cultural, economic, organizational, environmental, and global influences that affect social policy. They are also knowledgeable about policy formulation, analysis, implementation, and evaluation. Social workers:
Identify social policy at the local, state, and federal level that impacts well-being, service delivery, and access to social services;
Assess how social welfare and economic policies impact the delivery of and access to social services;
Apply critical thinking to analyze, formulate, and advocate for policies that advance human rights and social, economic, and environmental justice.
This assignment is intended to help students demonstrate the behavioral components of this competency in their field education.
To prepare: Working with your field instructor, identify, evaluate, and discuss policies established by the local, state, and federal government (within the last five years) that affect the day to day operations of the field placement agency.
The Assignment (1-2 pages): (In The States California. The Good Seed is a Drop-In center for 18-25 years!
Describe the policies and their impact on the field agency.
Propose specific recommendations regarding how you, as a social work intern, and the agency can advocate for policies pertaining to advancing social justice for the agency and the clients it serves.
.
According to the authors, privacy and security go hand in hand; and .docxaryan532920
According to the authors, privacy and security go hand in hand; and hence, privacy cannot be protected without implementing proper security controls and technologies. Today, organizations must make not only reasonable efforts to offer protection of privacy of data, but also must go much further as privacy breaches are damaging to its customers, reputation, and potentially could put the company out of business. As we continue learning from our various professional areas of practice, its no doubt that breaches have become an increasing concern to many businesses and their future operations. Taking Cyberattacks proliferation of 2011 into context, security experts at Intel/McAfee discovered huge series of cyberattacks on the networks of 72 organizations globally, including the United Nations, governments and corporations.
From this research revelation in our chapter 11, briefly state and name the countries and organizations identified as the targeted victims?
Use the APA format to include your references. Each paragraph should have different references and each para should have at least 4 sentences.
.
According to recent surveys, China, India, and the Philippines are t.docxaryan532920
According to recent surveys, China, India, and the Philippines are the three most popular countries for IT outsourcing. Write a short paper (4 paragraphs) explaining what the appeal would be for US companies to outsource IT functions to these countries. You may discuss cost, labor pool, language, or possibly government support as your reasons. There are many other reasons you may choose to highlight in your paper. Be sure to use your own words.
Must be in APA format with references and citations.
.
According to the authors, countries that lag behind the rest of the .docxaryan532920
According to the authors, countries that lag behind the rest of the world’s ICT capabilities encounter difficulties at various levels. Discuss specific areas, both within and outside, eGovernance, in which citizens living in a country that lags behind the rest of the world in ICT capacity are lacking. Include in your discussion quality of life, sustainability, safety, affluence, and any other areas that you find of interest. Use at least 8-10 sentences to discuss this topic.
.
According to Peskin et al. (2013) in our course reader, Studies on .docxaryan532920
According to Peskin et al. (2013) in our course reader, "Studies on early health risk factors, including prenatal nicotine/alcohol exposure, birth complications, and minor physical anomalies have found that these risk factors significantly increase the likelihood of anti-social and criminal behavior throughout life." What policy changes might you suggest to help curtail the occurrence or effects of these risk factors? Remember to think about public health policy, not just criminal policy.
.
According to Franks and Smallwood (2013), information has become the.docxaryan532920
According to Franks and Smallwood (2013), information has become the lifeblood of every business organization, and that an increasing volume of information today has increased and exchanged through the use of social networks and Web2.0 tools like blogs, microblogs, and wikis. When looking at social media in the enterprise, there is a notable difference in functionality between e-mail and social media, and has been documented by research – “…that social media differ greatly from e-mail use due to its maturity and stability.” (Franks & Smallwood, 2013).
Q: Please identify and clearly state what the difference is?
Use the APA format to include your references. Each paragraph should have different references and each para should have at least 4 sentences.
.
According to Ang (2011), how is Social Media management differen.docxaryan532920
According to Ang (2011), how is Social Media management different than traditional Customer Relationship Management (CRM)? Define the four pillars of social media (connectivity, conversations, content creation and collaboration) and analyze how each pillar can be used to aid Social Media management. Identify the benefits Social Media management. Provide examples to illustrate each point.
The paper must be 1-2 pages in length (excluding title and reference page) and in APA (6th edition) format. The paper must include the Ang (2011) article in correct APA format.
.
According to (Alsaidi & Kausar (2018), It is expected that by 2020,.docxaryan532920
According to (Alsaidi & Kausar (2018), "It is expected that by 2020, around 25 billion objects will become the part of global IoT network, which will pose new challenges in securing IoT systems. It will become an easy target for hackers as these systems are often deployed in an uncontrolled and hostile environment. The main security challenges in IoT environment are authorization, privacy, authentication, admission control, system conformation, storage, and administration" (p. 213).
Discuss and describe the difference between a black hole attack and a wormhole attack.
.
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
This document provides an overview of wound healing, its functions, stages, mechanisms, factors affecting it, and complications.
A wound is a break in the integrity of the skin or tissues, which may be associated with disruption of the structure and function.
Healing is the body’s response to injury in an attempt to restore normal structure and functions.
Healing can occur in two ways: Regeneration and Repair
There are 4 phases of wound healing: hemostasis, inflammation, proliferation, and remodeling. This document also describes the mechanism of wound healing. Factors that affect healing include infection, uncontrolled diabetes, poor nutrition, age, anemia, the presence of foreign bodies, etc.
Complications of wound healing like infection, hyperpigmentation of scar, contractures, and keloid formation.
How to Fix the Import Error in the Odoo 17Celine George
An import error occurs when a program fails to import a module or library, disrupting its execution. In languages like Python, this issue arises when the specified module cannot be found or accessed, hindering the program's functionality. Resolving import errors is crucial for maintaining smooth software operation and uninterrupted development processes.
Main Java[All of the Base Concepts}.docxadhitya5119
This is part 1 of my Java Learning Journey. This Contains Custom methods, classes, constructors, packages, multithreading , try- catch block, finally block and more.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
-------------------------------------------------------------------------------
Find out more about ISO training and certification services
Training: ISO/IEC 27001 Information Security Management System - EN | PECB
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How to Setup Warehouse & Location in Odoo 17 InventoryCeline George
In this slide, we'll explore how to set up warehouses and locations in Odoo 17 Inventory. This will help us manage our stock effectively, track inventory levels, and streamline warehouse operations.
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar Kanvaria
How to Manage Your Lost Opportunities in Odoo 17 CRMCeline George
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
1. Projected Payments
Loan Terms
CLOSING DISCLOSURE PAGE 1 OF 5 • LOAN ID #
0000000000
Payment Calculation
Principal & Interest
Mortgage Insurance
Estimated Escrow
Amount can increase over time
Estimated Total
Monthly Payment
Estimated Taxes, Insurance
& Assessments
Amount can increase over time
See page 4 for details See Escrow Account on page 4 for
details. You must pay for other property
costs separately.
This estimate includes In escrow?
Property Taxes
Homeowner’s Insurance
Other:
2. Can this amount increase after closing?
Loan Amount
Interest Rate
Monthly Principal & Interest
See Projected Payments below for your
Estimated Total Monthly Payment
Does the loan have these features?
Prepayment Penalty
Balloon Payment
Closing Costs Includes $5,877.00 in Loan Costs + $7,642.43 in
Other Costs – $0
in Lender Credits. See page 2 for details.
Cash to Close Includes Closing Costs. See Calculating Cash to
Close on page 3 for details.
Costs at Closing
Transaction Information
Borrower
Seller
Lender
Loan Information
3. Loan Term
Purpose
Product
Loan Type Conventional FHA
VA _____________
Loan ID #
MIC #
Closing Information
Date Issued
Closing Date
Disbursement Date
Settlement Agent
File #
Property
Sale Price
This form is a statement of final loan terms and closing costs.
Compare this
document with your Loan Estimate.Closing Disclosure
Projected Payments
Loan Terms
CLOSING DISCLOSURE PAGE 1 OF 5 • LOAN ID #
0000000000
Payment Calculation
Principal & Interest
4. Mortgage Insurance
Estimated Escrow
Amount can increase over time
Estimated Total
Monthly Payment
Estimated Taxes, Insurance
& Assessments
Amount can increase over time
See page 4 for details See Escrow Account on page 4 for
details. You must pay for other property
costs separately.
This estimate includes In escrow?
Property Taxes
Homeowner’s Insurance
Other:
Can this amount increase after closing?
Loan Amount
Interest Rate
Monthly Principal & Interest
See Projected Payments below for your
Estimated Total Monthly Payment
Does the loan have these features?
Prepayment Penalty
5. Balloon Payment
Closing Costs Includes $5,877.00 in Loan Costs + $7,642.43 in
Other Costs – $0
in Lender Credits. See page 2 for details.
Cash to Close Includes Closing Costs. See Calculating Cash to
Close on page 3 for details.
Costs at Closing
Transaction Information
Borrower
Seller
Lender
Loan Information
Loan Term
Purpose
Product
Loan Type Conventional FHA
VA _____________
Loan ID #
MIC #
Closing Information
Date Issued
Closing Date
Disbursement Date
6. Settlement Agent
File #
Property
Appraised Prop. Value
This form is a statement of final loan terms and closing costs.
Compare this
document with your Loan Estimate.Closing Disclosure
Projected Payments
Loan Terms
CLOSING DISCLOSURE PAGE 1 OF 5 • LOAN ID #
0000000000
Payment Calculation
Principal & Interest
Mortgage Insurance
Estimated Escrow
Amount can increase over time
Estimated Total
Monthly Payment
Estimated Taxes, Insurance
& Assessments
Amount can increase over time
See page 4 for details See Escrow Account on page 4 for
7. details. You must pay for other property
costs separately.
This estimate includes In escrow?
Property Taxes
Homeowner’s Insurance
Other:
Can this amount increase after closing?
Loan Amount
Interest Rate
Monthly Principal & Interest
See Projected Payments below for your
Estimated Total Monthly Payment
Does the loan have these features?
Prepayment Penalty
Balloon Payment
Closing Costs Includes $5,877.00 in Loan Costs + $7,642.43 in
Other Costs – $0
in Lender Credits. See page 2 for details.
Cash to Close Includes Closing Costs. See Calculating Cash to
Close on page 3 for details.
Costs at Closing
Transaction Information
8. Borrower
Seller
Lender
Loan Information
Loan Term
Purpose
Product
Loan Type Conventional FHA
VA _____________
Loan ID #
MIC #
Closing Information
Date Issued
Closing Date
Disbursement Date
Settlement Agent
File #
Property
Estimated Prop. Value
This form is a statement of final loan terms and closing costs.
Compare this
document with your Loan Estimate.Closing Disclosure
Loan Costs
9. CLOSING DISCLOSURE PAGE 2 OF 5 • LOAN ID #
0000000000
Borrower-Paid Seller-Paid Paid by
OthersAt Closing Before Closing At Closing Before Closing
A. Origination Charges
01 % of Loan Amount (Points)
02
03
04
05
06
07
08
B. Services Borrower Did Not Shop For
01
02
03
04
05
06
07
08
09
10
C. Services Borrower Did Shop For
01
02
03
04
05
06
07
08
10. D. TOTAL LOAN COSTS (Borrower-Paid)
Loan Costs Subtotals (A + B + C)
J. TOTAL CLOSING COSTS (Borrower-Paid)
Closing Costs Subtotals (D + I)
Lender Credits
Closing Cost Details
E. Taxes and Other Government Fees
01 Recording Fees Deed: Mortgage:
02
F. Prepaids
01 Homeowner’s Insurance Premium ( mo.)
02 Mortgage Insurance Premium ( mo.)
03 Prepaid Interest ( per day from to
)
04 Property Taxes ( mo.)
05
G. Initial Escrow Payment at Closing
01 Homeowner’s Insurance per month for mo.
02 Mortgage Insurance per month for mo.
03 Property Taxes per month for mo.
04
05
06
07
08 Aggregate Adjustment
H. Other
01
02
03
04
05
06
07
11. 08
I. TOTAL OTHER COSTS (Borrower-Paid)
Other Costs Subtotals (E + F + G + H)
Other Costs
Calculating Cash to Close
BORROWER’S TRANSACTION
K. Due from Borrower at Closing
01 Sale Price of Property
02 Sale Price of Any Personal Property Included in Sale
03 Closing Costs Paid at Closing (J)
04
Adjustments
05
06
07
Adjustments for Items Paid by Seller in Advance
08 City/Town Taxes to
09 County Taxes to
10 Assessments to
11
12
13
14
15
L. Paid Already by or on Behalf of Borrower at Closing
01 Deposit
02 Loan Amount
03 Existing Loan(s) Assumed or Taken Subject to
12. 04
05 Seller Credit
Other Credits
06
07
Adjustments
08
09
10
11
Adjustments for Items Unpaid by Seller
12 City/Town Taxes to
13 County Taxes to
14 Assessments to
15
16
17
CALCULATION
Total Due from Borrower at Closing (K)
Total Paid Already by or on Behalf of Borrower at Closing (L)
Cash to Close From To Borrower
SELLER’S TRANSACTION
M. Due to Seller at Closing
01 Sale Price of Property
02 Sale Price of Any Personal Property Included in Sale
03
04
05
06
07
13. 08
Adjustments for Items Paid by Seller in Advance
09 City/Town Taxes to
10 County Taxes to
11 Assessments to
12
13
14
15
16
N. Due from Seller at Closing
01 Excess Deposit
02 Closing Costs Paid at Closing (J)
03 Existing Loan(s) Assumed or Taken Subject to
04 Payoff of First Mortgage Loan
05 Payoff of Second Mortgage Loan
06
07
08 Seller Credit
09
10
11
12
13
Adjustments for Items Unpaid by Seller
14 City/Town Taxes to
15 County Taxes to
16 Assessments to
17
18
19
CALCULATION
Total Due to Seller at Closing (M)
14. Total Due from Seller at Closing (N)
Cash From To Seller
Summaries of Transactions
CLOSING DISCLOSURE PAGE 3 OF 5 • LOAN ID #
0000000000
Loan Estimate Final Did this change?
Total Closing Costs (J)
Closing Costs Paid Before Closing
Closing Costs Financed
(Paid from your Loan Amount)
Down Payment/Funds from Borrower
Deposit
Funds for Borrower
Seller Credits
Adjustments and Other Credits
Cash to Close
Use this table to see a summary of your transaction.
Use this table to see what has changed from your Loan
Estimate.
15. Assumption
If you sell or transfer this property to another person, your
lender
will allow, under certain conditions, this person to assume
this
loan on the original terms.
will not allow assumption of this loan on the original terms.
Demand Feature
Your loan
has a demand feature, which permits your lender to require
early
repayment of the loan. You should review your note for details.
does not have a demand feature.
Late Payment
If your payment is more than ___ days late, your lender will
charge a
late fee of
________________________________________________
Negative Amortization (Increase in Loan Amount)
Under your loan terms, you
are scheduled to make monthly payments that do not pay all
of
the interest due that month. As a result, your loan amount will
increase (negatively amortize), and your loan amount will likely
become larger than your original loan amount. Increases in your
loan amount lower the equity you have in this property.
16. may have monthly payments that do not pay all of the interest
due that month. If you do, your loan amount will increase
(negatively amortize), and, as a result, your loan amount may
become larger than your original loan amount. Increases in your
loan amount lower the equity you have in this property.
do not have a negative amortization feature.
Partial Payments
Your lender
may accept payments that are less than the full amount due
(partial payments) and apply them to your loan.
may hold them in a separate account until you pay the rest of
the
payment, and then apply the full payment to your loan.
does not accept any partial payments.
If this loan is sold, your new lender may have a different policy.
Security Interest
You are granting a security interest in
You may lose this property if you do not make your payments or
satisfy other obligations for this loan.
CLOSING DISCLOSURE PAGE 4 OF 5 • LOAN ID #
0000000000
Loan Disclosures
Escrow Account
For now, your loan
17. will have an escrow account (also called an “impound” or
“trust”
account) to pay the property costs listed below. Without an
escrow
account, you would pay them directly, possibly in one or two
large
payments a year. Your lender may be liable for penalties and
interest
for failing to make a payment.
Escrow
Escrowed
Property Costs
over Year 1
Estimated total amount over year 1 for
your escrowed property costs:
Non-Escrowed
Property Costs
over Year 1
Estimated total amount over year 1 for
your non-escrowed property costs:
You may have other property costs.
Initial Escrow
Payment
A cushion for the escrow account you
pay at closing. See Section G on page 2.
Monthly Escrow
Payment
18. The amount included in your total
monthly payment.
No Escrow
Estimated
Property Costs
over Year 1
Estimated total amount over year 1. You
must pay these costs directly, possibly
in one or two large payments a year.
Escrow Waiver Fee
will not have an escrow account because you declined it
your
lender does not offer one. You must directly pay your property
costs, such as taxes and homeowner’s insurance. Contact your
lender to ask if your loan can have an escrow account.
In the future,
Your property costs may change and, as a result, your escrow
pay-
ment may change. You may be able to cancel your escrow
account,
but if you do, you must pay your property costs directly. If you
fail
to pay your property taxes, your state or local government may
(1)
impose fines and penalties or (2) place a tax lien on this
property. If
you fail to pay any of your property costs, your lender may (1)
add
the amounts to your loan balance, (2) add an escrow account to
19. your
loan, or (3) require you to pay for property insurance that the
lender
buys on your behalf, which likely would cost more and provide
fewer
benefits than what you could buy on your own.
Additional Information About This Loan
Assumption
If you sell or transfer this property to another person, your
lender
will allow, under certain conditions, this person to assume
this
loan on the original terms.
will not allow assumption of this loan on the original terms.
Demand Feature
Your loan
has a demand feature, which permits your lender to require
early
repayment of the loan. You should review your note for details.
does not have a demand feature.
Late Payment
If your payment is more than ___ days late, your lender will
charge a
late fee of
________________________________________________
20. Negative Amortization (Increase in Loan Amount)
Under your loan terms, you
are scheduled to make monthly payments that do not pay all
of
the interest due that month. As a result, your loan amount will
increase (negatively amortize), and your loan amount will likely
become larger than your original loan amount. Increases in your
loan amount lower the equity you have in this property.
may have monthly payments that do not pay all of the interest
due that month. If you do, your loan amount will increase
(negatively amortize), and, as a result, your loan amount may
become larger than your original loan amount. Increases in your
loan amount lower the equity you have in this property.
do not have a negative amortization feature.
Partial Payments
Your lender
may accept payments that are less than the full amount due
(partial payments) and apply them to your loan.
may hold them in a separate account until you pay the rest of
the
payment, and then apply the full payment to your loan.
does not accept any partial payments.
If this loan is sold, your new lender may have a different policy.
Security Interest
You are granting a security interest in
You may lose this property if you do not make your payments or
21. satisfy other obligations for this loan.
CLOSING DISCLOSURE PAGE 4 OF 5 • LOAN ID #
0000000000
Loan Disclosures
Escrow Account
For now, your loan
will have an escrow account (also called an “impound” or
“trust”
account) to pay the property costs listed below. Without an
escrow
account, you would pay them directly, possibly in one or two
large
payments a year. Your lender may be liable for penalties and
interest
for failing to make a payment.
Escrow
Escrowed
Property Costs
over Year 1
Estimated total amount over year 1 for
your escrowed property costs:
Non-Escrowed
Property Costs
over Year 1
Estimated total amount over year 1 for
your non-escrowed property costs:
22. You may have other property costs.
Initial Escrow
Payment
A cushion for the escrow account you
pay at closing. See Section G on page 2.
Monthly Escrow
Payment
The amount included in your total
monthly payment.
No Escrow
Estimated
Property Costs
over Year 1
Estimated total amount over year 1. You
must pay these costs directly, possibly
in one or two large payments a year.
Escrow Waiver Fee
will not have an escrow account because you declined it
your
lender does not offer one. You must directly pay your property
costs, such as taxes and homeowner’s insurance. Contact your
lender to ask if your loan can have an escrow account.
In the future,
Your property costs may change and, as a result, your escrow
pay-
ment may change. You may be able to cancel your escrow
23. account,
but if you do, you must pay your property costs directly. If you
fail
to pay your property taxes, your state or local government may
(1)
impose fines and penalties or (2) place a tax lien on this
property. If
you fail to pay any of your property costs, your lender may (1)
add
the amounts to your loan balance, (2) add an escrow account to
your
loan, or (3) require you to pay for property insurance that the
lender
buys on your behalf, which likely would cost more and provide
fewer
benefits than what you could buy on your own.
Additional Information About This Loan
Adjustable Payment (AP) Table
Interest Only Payments?
Optional Payments?
Step Payments?
Seasonal Payments?
Monthly Principal and Interest Payments
First Change/Amount
Subsequent Changes
Maximum Payment
Adjustable Interest Rate (AIR) Table
Index + Margin
24. Initial Interest Rate
Minimum/Maximum Interest Rate
Change Frequency
First Change
Subsequent Changes
Limits on Interest Rate Changes
First Change
Subsequent Changes
Assumption
If you sell or transfer this property to another person, your
lender
will allow, under certain conditions, this person to assume
this
loan on the original terms.
will not allow assumption of this loan on the original terms.
Demand Feature
Your loan
has a demand feature, which permits your lender to require
early
repayment of the loan. You should review your note for details.
does not have a demand feature.
Late Payment
If your payment is more than ___ days late, your lender will
charge a
late fee of
________________________________________________
25. Negative Amortization (Increase in Loan Amount)
Under your loan terms, you
are scheduled to make monthly payments that do not pay all
of
the interest due that month. As a result, your loan amount will
increase (negatively amortize), and your loan amount will likely
become larger than your original loan amount. Increases in your
loan amount lower the equity you have in this property.
may have monthly payments that do not pay all of the interest
due that month. If you do, your loan amount will increase
(negatively amortize), and, as a result, your loan amount may
become larger than your original loan amount. Increases in your
loan amount lower the equity you have in this property.
do not have a negative amortization feature.
Partial Payments
Your lender
may accept payments that are less than the full amount due
(partial payments) and apply them to your loan.
may hold them in a separate account until you pay the rest of
the
payment, and then apply the full payment to your loan.
does not accept any partial payments.
If this loan is sold, your new lender may have a different policy.
Security Interest
You are granting a security interest in
You may lose this property if you do not make your payments or
26. satisfy other obligations for this loan.
CLOSING DISCLOSURE PAGE 4 OF 5 • LOAN ID #
0000000000
Loan Disclosures
Escrow Account
For now, your loan
will have an escrow account (also called an “impound” or
“trust”
account) to pay the property costs listed below. Without an
escrow
account, you would pay them directly, possibly in one or two
large
payments a year. Your lender may be liable for penalties and
interest
for failing to make a payment.
Escrow
Escrowed
Property Costs
over Year 1
Estimated total amount over year 1 for
your escrowed property costs:
Non-Escrowed
Property Costs
over Year 1
Estimated total amount over year 1 for
your non-escrowed property costs:
27. You may have other property costs.
Initial Escrow
Payment
A cushion for the escrow account you
pay at closing. See Section G on page 2.
Monthly Escrow
Payment
The amount included in your total
monthly payment.
No Escrow
Estimated
Property Costs
over Year 1
Estimated total amount over year 1. You
must pay these costs directly, possibly
in one or two large payments a year.
Escrow Waiver Fee
will not have an escrow account because you declined it
your
lender does not offer one. You must directly pay your property
costs, such as taxes and homeowner’s insurance. Contact your
lender to ask if your loan can have an escrow account.
In the future,
Your property costs may change and, as a result, your escrow
pay-
ment may change. You may be able to cancel your escrow
28. account,
but if you do, you must pay your property costs directly. If you
fail
to pay your property taxes, your state or local government may
(1)
impose fines and penalties or (2) place a tax lien on this
property. If
you fail to pay any of your property costs, your lender may (1)
add
the amounts to your loan balance, (2) add an escrow account to
your
loan, or (3) require you to pay for property insurance that the
lender
buys on your behalf, which likely would cost more and provide
fewer
benefits than what you could buy on your own.
Additional Information About This Loan
Adjustable Payment (AP) Table
Interest Only Payments?
Optional Payments?
Step Payments?
Seasonal Payments?
Monthly Principal and Interest Payments
First Change/Amount
Subsequent Changes
Maximum Payment
29. Assumption
If you sell or transfer this property to another person, your
lender
will allow, under certain conditions, this person to assume
this
loan on the original terms.
will not allow assumption of this loan on the original terms.
Demand Feature
Your loan
has a demand feature, which permits your lender to require
early
repayment of the loan. You should review your note for details.
does not have a demand feature.
Late Payment
If your payment is more than ___ days late, your lender will
charge a
late fee of
________________________________________________
Negative Amortization (Increase in Loan Amount)
Under your loan terms, you
are scheduled to make monthly payments that do not pay all
of
the interest due that month. As a result, your loan amount will
increase (negatively amortize), and your loan amount will likely
become larger than your original loan amount. Increases in your
loan amount lower the equity you have in this property.
may have monthly payments that do not pay all of the interest
30. due that month. If you do, your loan amount will increase
(negatively amortize), and, as a result, your loan amount may
become larger than your original loan amount. Increases in your
loan amount lower the equity you have in this property.
do not have a negative amortization feature.
Partial Payments
Your lender
may accept payments that are less than the full amount due
(partial payments) and apply them to your loan.
may hold them in a separate account until you pay the rest of
the
payment, and then apply the full payment to your loan.
does not accept any partial payments.
If this loan is sold, your new lender may have a different policy.
Security Interest
You are granting a security interest in
You may lose this property if you do not make your payments or
satisfy other obligations for this loan.
CLOSING DISCLOSURE PAGE 4 OF 5 • LOAN ID #
0000000000
Loan Disclosures
Escrow Account
For now, your loan
will have an escrow account (also called an “impound” or
31. “trust”
account) to pay the property costs listed below. Without an
escrow
account, you would pay them directly, possibly in one or two
large
payments a year. Your lender may be liable for penalties and
interest
for failing to make a payment.
Escrow
Escrowed
Property Costs
over Year 1
Estimated total amount over year 1 for
your escrowed property costs:
Non-Escrowed
Property Costs
over Year 1
Estimated total amount over year 1 for
your non-escrowed property costs:
You may have other property costs.
Initial Escrow
Payment
A cushion for the escrow account you
pay at closing. See Section G on page 2.
Monthly Escrow
Payment
32. The amount included in your total
monthly payment.
No Escrow
Estimated
Property Costs
over Year 1
Estimated total amount over year 1. You
must pay these costs directly, possibly
in one or two large payments a year.
Escrow Waiver Fee
will not have an escrow account because you declined it
your
lender does not offer one. You must directly pay your property
costs, such as taxes and homeowner’s insurance. Contact your
lender to ask if your loan can have an escrow account.
In the future,
Your property costs may change and, as a result, your escrow
pay-
ment may change. You may be able to cancel your escrow
account,
but if you do, you must pay your property costs directly. If you
fail
to pay your property taxes, your state or local government may
(1)
impose fines and penalties or (2) place a tax lien on this
property. If
you fail to pay any of your property costs, your lender may (1)
add
the amounts to your loan balance, (2) add an escrow account to
your
33. loan, or (3) require you to pay for property insurance that the
lender
buys on your behalf, which likely would cost more and provide
fewer
benefits than what you could buy on your own.
Additional Information About This Loan
Adjustable Interest Rate (AIR) Table
Index + Margin
Initial Interest Rate
Minimum/Maximum Interest Rate
Change Frequency
First Change
Subsequent Changes
Limits on Interest Rate Changes
First Change
Subsequent Changes
Contact Information
Other Disclosures
Confirm Receipt
By signing, you are only confirming that you have received this
form. You do not have to accept this loan because you have
signed or received
this form.
Applicant Signature Date Co-Applicant Signature Date
CLOSING DISCLOSURE PAGE 5 OF 5 • LOAN ID #
0000000000
34. Total of Payments. Total you will have paid after
you make all payments of principal, interest,
mortgage insurance, and loan costs, as scheduled.
Finance Charge. The dollar amount the loan will
cost you.
Amount Financed. The loan amount available after
paying your upfront finance charge.
Annual Percentage Rate (APR). Your costs over
the loan term expressed as a rate. This is not your
interest rate.
Total Interest Percentage (TIP). The total amount
of interest that you will pay over the loan term as a
percentage of your loan amount.
Loan Calculations
?
Lender Mortgage Broker Real Estate Broker (B) Real Estate
Broker (S) Settlement Agent
Name Ficus Bank FRIENDLY MORTGAGE
BROKER INC.
RELIABLE REALTY CO. REALTY PROS ABC Settlement
Address 4321 Raven Blvd.
Somecity, MD 54321
1234 Terrapin Dr.
Somecity, MD 54321
35. 1776 Chesapeake St.
Ste 405
Anytown, MD 12345
3456 Oriole Ave.
Anytown, MD 12345
5432 Free State Blvd.
Ste 405
Somecity, MD 54321
NMLS ID 111111 222222
License ID
Contact Joe Smith JIM TAYLOR KELLY GREEN STEVE
WALSH NANCY WILSON
Contact NMLS ID 487493 394784
Contact
License ID
Email [email protected]
FICUSBANK.COM
[email protected]
FRNDLYMTGBRKR.CO
[email protected]
RREALTY.COM
[email protected]
REALTYPROS.COM
[email protected]
36. ABCSETTLEMENT.COM
Phone 111-222-3333 333-444-5555 444-555-6666 555-666-7777
666-777-8888
?
Appraisal
If the property was appraised for your loan, your lender is
required to
give you a copy at no additional cost at least 3 days before
closing.
If you have not yet received it, please contact your lender at the
information listed below.
Contract Details
See your note and security instrument for information about
• what happens if you fail to make your payments,
• what is a default on the loan,
• situations in which your lender can require early repayment
of the
loan, and
• the rules for making payments before they are due.
Liability after Foreclosure
If your lender forecloses on this property and the foreclosure
does not
cover the amount of unpaid balance on this loan,
state law may protect you from liability for the unpaid
balance. If you
refinance or take on any additional debt on this property, you
may
lose this protection and have to pay any debt remaining even
37. after
foreclosure. You may want to consult a lawyer for more
information.
state law does not protect you from liability for the unpaid
balance.
Refinance
Refinancing this loan will depend on your future financial
situation,
the property value, and market conditions. You may not be able
to
refinance this loan.
Tax Deductions
If you borrow more than this property is worth, the interest on
the
loan amount above this property’s fair market value is not
deductible
from your federal income taxes. You should consult a tax
advisor for
more information.
Questions? If you have questions about the
loan terms or costs on this form, use the contact
information below. To get more information
or make a complaint, contact the Consumer
Financial Protection Bureau at
www.consumerfinance.gov/mortgage-closing?
Contact Information
Other Disclosures
38. CLOSING DISCLOSURE PAGE 5 OF 5 • LOAN ID #
0000000000
Total of Payments. Total you will have paid after
you make all payments of principal, interest,
mortgage insurance, and loan costs, as scheduled.
Finance Charge. The dollar amount the loan will
cost you.
Amount Financed. The loan amount available after
paying your upfront finance charge.
Annual Percentage Rate (APR). Your costs over
the loan term expressed as a rate. This is not your
interest rate.
Total Interest Percentage (TIP). The total amount
of interest that you will pay over the loan term as a
percentage of your loan amount.
Loan Calculations
?
Lender Mortgage Broker Real Estate Broker (B) Real Estate
Broker (S) Settlement Agent
Name Ficus Bank FRIENDLY MORTGAGE
BROKER INC.
RELIABLE REALTY CO. REALTY PROS ABC Settlement
Address 4321 Raven Blvd.
Somecity, MD 54321
1234 Terrapin Dr.
39. Somecity, MD 54321
1776 Chesapeake St.
Ste 405
Anytown, MD 12345
3456 Oriole Ave.
Anytown, MD 12345
5432 Free State Blvd.
Ste 405
Somecity, MD 54321
NMLS ID 111111 222222
License ID
Contact Joe Smith JIM TAYLOR KELLY GREEN STEVE
WALSH NANCY WILSON
Contact NMLS ID 487493 394784
Contact
License ID
Email [email protected]
FICUSBANK.COM
[email protected]
FRNDLYMTGBRKR.CO
[email protected]
RREALTY.COM
[email protected]
REALTYPROS.COM
40. [email protected]
ABCSETTLEMENT.COM
Phone 111-222-3333 333-444-5555 444-555-6666 555-666-7777
666-777-8888
?
Appraisal
If the property was appraised for your loan, your lender is
required to
give you a copy at no additional cost at least 3 days before
closing.
If you have not yet received it, please contact your lender at the
information listed below.
Contract Details
See your note and security instrument for information about
• what happens if you fail to make your payments,
• what is a default on the loan,
• situations in which your lender can require early repayment
of the
loan, and
• the rules for making payments before they are due.
Liability after Foreclosure
If your lender forecloses on this property and the foreclosure
does not
cover the amount of unpaid balance on this loan,
state law may protect you from liability for the unpaid
balance. If you
refinance or take on any additional debt on this property, you
41. may
lose this protection and have to pay any debt remaining even
after
foreclosure. You may want to consult a lawyer for more
information.
state law does not protect you from liability for the unpaid
balance.
Loan Acceptance
You do not have to accept this loan because you have received
this
form or signed a loan application.
Refinance
Refinancing this loan will depend on your future financial
situation,
the property value, and market conditions. You may not be able
to
refinance this loan.
Tax Deductions
If you borrow more than this property is worth, the interest on
the
loan amount above this property’s fair market value is not
deductible
from your federal income taxes. You should consult a tax
advisor for
more information.
Questions? If you have questions about the
loan terms or costs on this form, use the contact
information below. To get more information
or make a complaint, contact the Consumer
Financial Protection Bureau at
www.consumerfinance.gov/mortgage-closing?
42. Contact Information
Other Disclosures
Confirm Receipt
By signing, you are only confirming that you have received this
form. You do not have to accept this loan because you have
signed or received
this form.
Applicant Signature Date Co-Applicant Signature Date
CLOSING DISCLOSURE PAGE 5 OF 5 • LOAN ID #
0000000000
Total of Payments. Total you will have paid after
you make all payments of principal, interest,
mortgage insurance, and loan costs, as scheduled.
Finance Charge. The dollar amount the loan will
cost you.
Amount Financed. The loan amount available after
paying your upfront finance charge.
Annual Percentage Rate (APR). Your costs over
the loan term expressed as a rate. This is not your
interest rate.
Total Interest Percentage (TIP). The total amount
of interest that you will pay over the loan term as a
percentage of your loan amount.
43. Loan Calculations
?
Lender Mortgage Broker Real Estate Broker (B) Real Estate
Broker (S) Settlement Agent
Name Ficus Bank FRIENDLY MORTGAGE
BROKER INC.
RELIABLE REALTY CO. REALTY PROS ABC Settlement
Address 4321 Raven Blvd.
Somecity, MD 54321
1234 Terrapin Dr.
Somecity, MD 54321
1776 Chesapeake St.
Ste 405
Anytown, MD 12345
3456 Oriole Ave.
Anytown, MD 12345
5432 Free State Blvd.
Ste 405
Somecity, MD 54321
NMLS ID 111111 222222
License ID
Contact Joe Smith JIM TAYLOR KELLY GREEN STEVE
WALSH NANCY WILSON
44. Contact NMLS ID 487493 394784
Contact
License ID
Email [email protected]
FICUSBANK.COM
[email protected]
FRNDLYMTGBRKR.CO
[email protected]
RREALTY.COM
[email protected]
REALTYPROS.COM
[email protected]
ABCSETTLEMENT.COM
Phone 111-222-3333 333-444-5555 444-555-6666 555-666-7777
666-777-8888
?
Contract Details
See your note and security instrument for information about
• what happens if you fail to make your payments,
• what is a default on the loan,
• situations in which your lender can require early repayment
of the
loan, and
• the rules for making payments before they are due.
45. Liability after Foreclosure
If your lender forecloses on this property and the foreclosure
does not
cover the amount of unpaid balance on this loan,
state law may protect you from liability for the unpaid
balance. If you
refinance or take on any additional debt on this property, you
may
lose this protection and have to pay any debt remaining even
after
foreclosure. You may want to consult a lawyer for more
information.
state law does not protect you from liability for the unpaid
balance.
Refinance
Refinancing this loan will depend on your future financial
situation,
the property value, and market conditions. You may not be able
to
refinance this loan.
Tax Deductions
If you borrow more than this property is worth, the interest on
the
loan amount above this property’s fair market value is not
deductible
from your federal income taxes. You should consult a tax
advisor for
more information.
Questions? If you have questions about the
loan terms or costs on this form, use the contact
information below. To get more information
46. or make a complaint, contact the Consumer
Financial Protection Bureau at
www.consumerfinance.gov/mortgage-closing?
Contact Information
Other Disclosures
CLOSING DISCLOSURE PAGE 5 OF 5 • LOAN ID #
0000000000
Total of Payments. Total you will have paid after
you make all payments of principal, interest,
mortgage insurance, and loan costs, as scheduled.
Finance Charge. The dollar amount the loan will
cost you.
Amount Financed. The loan amount available after
paying your upfront finance charge.
Annual Percentage Rate (APR). Your costs over
the loan term expressed as a rate. This is not your
interest rate.
Total Interest Percentage (TIP). The total amount
of interest that you will pay over the loan term as a
percentage of your loan amount.
Loan Calculations
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Lender Mortgage Broker Real Estate Broker (B) Real Estate
Broker (S) Settlement Agent
47. Name Ficus Bank FRIENDLY MORTGAGE
BROKER INC.
RELIABLE REALTY CO. REALTY PROS ABC Settlement
Address 4321 Raven Blvd.
Somecity, MD 54321
1234 Terrapin Dr.
Somecity, MD 54321
1776 Chesapeake St.
Ste 405
Anytown, MD 12345
3456 Oriole Ave.
Anytown, MD 12345
5432 Free State Blvd.
Ste 405
Somecity, MD 54321
NMLS ID 111111 222222
License ID
Contact Joe Smith JIM TAYLOR KELLY GREEN STEVE
WALSH NANCY WILSON
Contact NMLS ID 487493 394784
Contact
License ID
Email [email protected]
48. FICUSBANK.COM
[email protected]
FRNDLYMTGBRKR.CO
[email protected]
RREALTY.COM
[email protected]
REALTYPROS.COM
[email protected]
ABCSETTLEMENT.COM
Phone 111-222-3333 333-444-5555 444-555-6666 555-666-7777
666-777-8888
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Contract Details
See your note and security instrument for information about
• what happens if you fail to make your payments,
• what is a default on the loan,
• situations in which your lender can require early repayment
of the
loan, and
• the rules for making payments before they are due.
Liability after Foreclosure
If your lender forecloses on this property and the foreclosure
does not
cover the amount of unpaid balance on this loan,
state law may protect you from liability for the unpaid
49. balance. If you
refinance or take on any additional debt on this property, you
may
lose this protection and have to pay any debt remaining even
after
foreclosure. You may want to consult a lawyer for more
information.
state law does not protect you from liability for the unpaid
balance.
Loan Acceptance
You do not have to accept this loan because you have received
this
form or signed a loan application.
Refinance
Refinancing this loan will depend on your future financial
situation,
the property value, and market conditions. You may not be able
to
refinance this loan.
Tax Deductions
If you borrow more than this property is worth, the interest on
the
loan amount above this property’s fair market value is not
deductible
from your federal income taxes. You should consult a tax
advisor for
more information.
Questions? If you have questions about the
loan terms or costs on this form, use the contact
information below. To get more information
or make a complaint, contact the Consumer