A calculator a house and a $1 bill in the background
mortgage
Mortgage Basics: Chapter 6 quiz

 

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.

  1. 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.


  2. Can you avoid escrow?

    Yes.
    No.


< Previous Chapter | Next Chapter >> 
advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
MORTGAGE & REAL ESTATE NEWSLETTER

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.

Blog

David McMillin

CFPB slaps Flagstar Bank with $37.5 million fine

Michigan-based Flagstar Bank is paying the price for failing to help homeowners and breaking the Consumer Financial Protection Bureau's new mortgage-servicing rules.  ... Read more

advertisement
Partner Center
advertisement

Connect with us