Choose the One Most Appropriate Answer for Each

question 28

Multiple Choice

Choose the one most appropriate answer for each.
-a list of anticipated closing costs given to the borrower by the lender as required by RESPA

• A)30-day month
• B)beneficiary statement
• C)CC&Rs
• D)closing date
• E)closing meeting
• F)deed delivery
• G)dry closing
• H)escrow agent
• I)escrow closing
• J)good faith estimate
• K)HUD settlement statement (HUD-1)
• L)loan escrow
• M)offset statement
• N)outside of the closing
• O)prorate
• P)RESPA
• Q)settlement meeting
• R)settlement statement
• S)title closing
• T)walk-through

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Definitions:

IRR Method

The Internal Rate of Return method, a capital budgeting technique used to evaluate the profitability of an investment or project.

Hurdle Rate

The minimum acceptable rate of return on an investment, used as a benchmark to determine the viability of the project or investment.

Capital-Budgeting

The process by which investors or managers evaluate and select long-term investments based on their potential to generate net revenues.

Risk-Free Rate

The theoretical return on an investment with no risk of financial loss, typically represented by the yield on government bonds.