1.) The interest pre-paid on the closing statement with a new loan on the property by the buyer is A. Credit to the buyer B. Credit to the seller C. Debit to the buyer D. Debit to the seller 2)On a closing statement, the earnest money paid by the buyer would be which of the following? A.Debit buyer, credit seller B.Credit buyer, debit seller
1.) The interest pre-paid on the closing statement with a new loan on the property by the buyer is A. Credit to the buyer…