Items that appear on the statement include real estate commissions, loan fees, points, and
initial escrow amounts.
Items that appear on the statement include real estate commissions, loan fees, points, and
initial escrow amounts.
A standard form itemizing all of the monies paid at closing, including real estate commissions, loan fees, points, and
initial escrow amounts.
Not exact matches
Class A Units obtained with the first 5 % of the aggregate
amount will be held in
escrow (while kept in the name of the applicable Account) to secure payment of the higher
Initial Sales Charge applicable to the Units actually obtained in the event the full intended
amount is not contributed before the LOI expires.
If the full
amount is not contributed, a sufficient
amount of the
escrowed Class A Units will be redeemed, and the Account correspondingly debited, to pay the additional
Initial Sales Charge applicable to the
amount actually contributed, if necessary.
Initial escrow related funding costs may apply; c) an early closure fee of 1 % of the original loan
amount, maximum $ 500, will apply if the loan is paid off and closed within the first three years; d) customers can choose to remove the early closure fee by paying an origination fee of 1 % of the loan
amount, maximum $ 500.
Premium payments above the
amount detailed in the
initial illustration can be made, but the excess is held in what
amounts to an
escrow account, which will pay a stated rate of interest.
Items that appear on the statement include real estate commissions, loan fees, points, and
initial escrow (impound)
amounts.