Give The Correct ANSWER

I. True Or False?

The closing is conducted by the seller’s agent. 

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II. Select the list that has the steps of the closing process in the right order.

1. Do final walk-through Purchase homeowners insurance Sign closing documents Apply for mortgage

2. Apply for mortgage Do final walk-through Sign closing documents Purchase homeowners insurance

3.Apply for mortgage Purchase homeowners insurance Do final walk-through Sign closing documents

III. Select the best description of the mortgage note. 

1.It commits you to paying your loan

2.It lists all costs associated with your loan

IV. Which one of these documents itemizes the closing costs and explains the terms of your loan? 

1.Appraisal

2.Closing disclosure

3.Deed

4.Affidavit

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