Finance
Vermont's 'interim interest' at closing covers:
AThe broker's interim commission
BThe interest that accrues on the new mortgage from the closing date to the end of the month, paid at closing✓ Correct
CThe property tax proration
DThe first monthly mortgage payment
Explanation
Interim interest (prepaid interest) at closing covers the interest on the mortgage from the closing date to the last day of the month, since the first regular payment covers the following month and lenders collect the intervening interest at closing.
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