Amount Financed
You’ve taken the plunge and purchased your first house. There is a pile of documents about a mile high that you need to sign at the closing, and one of them is the “loan calculations” listed under Closing Disclosure. It will show the full amount you are borrowing, less the upfront fees the lender is charging you.
For example, if you have a $200,000 loan, but the lender is charging you $5,000 in points and other fees, the official “amount financed” would be $195,000. You would pay the $5,000 at closing, and the balance will determine how much your interest rate and monthly payments will be. You can also choose to finance your points and fees over the life of the loan.
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Finance: What is a Cooling-Off Period?2 Views
Finance allah shmoop what is a cooling off period Yeah
not twenty minutes you spend in your respective corners after
a big fight although that sort of cooling off period
can result in less broken glass where in the world
of finance a cooling off period refers to something else
hot buyers need chill in time If you decide to
buy that ferrari for example you might want to cool
off a little before you actually fork over the four
hundred grand like you got all excited by the sales
person and then well you need a little bit of
time Cool and think about whether you really want to
spend that kind of money on a car if you're
a company and you filed with the sec to sell
bonds or stocks well there is a legal twenty day
cooling off period during this time your company can't advertise
and you have tio you know behave yourself When the
twenty days have passed the sec will issue a release
so that the securities can be sold to the public
it's kind of like the brady bill which imposed a
mandatory waiting period between when you want to buy a
gun And when you can actually use it careful there 00:01:06.696 --> [endTime] did
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