If you think you've mastered the material in Chapter 6 of Mortgage Basics, take our quiz. After you click the "submit" button, the answers will appear below.Two important things happen at closing. What are they?You pay the man, you get your keys.A clerk will affix documentary tax stamps to your deed, and you sign the Good Faith Agreement (GFA).You sign legal documents and pay closing cost and escrow items.Can you avoid escrow?Yes.No.< Previous Chapter | Next Chapter >> advertisementRelated Links:National mortgage rates for May 17, 2012Rates keep dropping and refis are hoppingSlow but steady grows the Florida economyRelated Articles:Rate Trend IndexApplying refund to mortgageScared of closing costs?
If you think you've mastered the material in Chapter 6 of Mortgage Basics, take our quiz. After you click the "submit" button, the answers will appear below.
Two important things happen at closing. What are they?
Can you avoid escrow?
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A bunch of agencies are trying to expand the number of would-be homeowners who can qualify for mortgages. But I'm skeptical that these efforts will help many people.
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