Module #5 - The Closing

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1. Name (Required.)

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2. Phone Number (Required.)

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3. Email

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4. When you are buying your home, what will verify that the property boundaries (as recorded with the County) match what is outlined in the purchase contract description? (Required.)

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5. The Title Company is a neutral third party that handles the closing. They represent: (Required.)

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6. The lender will require this type of insurance to protect against financial loss if a flaw in the title is found after the home has been purchased: (Required.)

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7. If the home you are buying has a lien, (someone has a legal claim of money owed to him or her by the seller) this will be found during the: (Required.)

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8. True or False: You will need to bring a blank check to your closing meeting with the title company. You will need to write a check, as the amount of money you need to close is not yet known. (Required.)

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9. True or False: Your closing disclosure is the same as the loan estimate, so you can sign the closing disclosure document without reading it over: (Required.)

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10. You will sign this at closing. It represents your promise to pay the lender: (Required.)

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11. True or False: It is a good idea to bring a blank check to your closing meeting with the title company. This will allow you to sign-up for automatic payments and ensures your mortgage is always paid on time: (Required.)

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