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Mathematics, 14.01.2022 17:20 Buttercream16
14. A lender estimates the closing costs on a home loan will be 3. 75% of the loan amount of $120,000. The actual closing costs are listed below. Evaluate the lender’s good faith estimate. A. The lender made an excellent estimate; it was equal to the actual closing costs. B. The lender made a very good estimate; it was within 0. 25% of the actual closing costs. C. The lender made a good estimate; it was between 0. 25% and 0. 5% of the actual closing costs. D. The lender made a poor estimate; it was off by more than 0. 5% of the actual closing costs.
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14. A lender estimates the closing costs on a home loan will be 3. 75% of the loan amount of $120,00...
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