Business, 16.04.2020 17:54 nagwaelbadawi

The payoff on Susan's existing mortgage will be $64,455.16 on the day of closing. Broker William's fee is 6%. Doc stamps and intangible taxes are paid according to custom. Use the 365-day method for prorations. If the lender wants a three-month tax escrow plus the number of months through the day of closing, what is the amount of prepaid taxes the lender collects at closing?

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The payoff on Susan's existing mortgage will be $64,455.16 on the day of closing. Broker William's f...