Mortgage Basics: Chapter 6 quiz

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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.
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