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Multiple Choice

Items prepaid by the buyer or to be advanced to the buyer would be shown as a credit on the buyer's statement and may include

Credits on the buyer’s escrow statement reflect funds that come from the buyer or will be advanced to the buyer to cover the purchase, reducing what the buyer must bring to closing. A deposit toward the purchase price is money the buyer has already paid or is paying into escrow, so it reduces the amount owed to the seller and appears as a credit. If the buyer is using a new loan, the loan proceeds will be disbursed to pay the seller, which also shows as a credit because it funds part of the purchase. The remaining funds the buyer will place into escrow to complete the deal are likewise credits, since they will be applied to the purchase through escrow. Therefore, all of the listed items may appear as credits on the buyer’s statement.

Credits on the buyer’s escrow statement reflect funds that come from the buyer or will be advanced to the buyer to cover the purchase, reducing what the buyer must bring to closing. A deposit toward the purchase price is money the buyer has already paid or is paying into escrow, so it reduces the amount owed to the seller and appears as a credit. If the buyer is using a new loan, the loan proceeds will be disbursed to pay the seller, which also shows as a credit because it funds part of the purchase. The remaining funds the buyer will place into escrow to complete the deal are likewise credits, since they will be applied to the purchase through escrow. Therefore, all of the listed items may appear as credits on the buyer’s statement.