Industry News
Understanding Your Loan: Cash And Transaction Summaries
http://bucket.wistia.com/medias/0iesht1xk7?embedType=async&videoFoam=true&videoWidth=640 Page 3 of your Closing Disclosure will compare cash requirements from your Loan Estimate to your actual final charges. If “Did this change?” is “YES” notes for changed...
Understanding Your Loan: Closing Cost Details
http://bucket.wistia.com/medias/nhzxfnm2o6?embedType=async&videoFoam=true&videoWidth=640 Page 2 of your Closing Disclosure details specific closing costs. Section A includes: Origination charges collected by the lender Origination fees paid to brokers, loan...
Your Rights And Rules For Closing Disclosures
http://bucket.wistia.com/medias/f4vfvl4bcv?embedType=async&videoFoam=true&videoWidth=640 The Closing Disclosure documents the actual terms of your loan transaction. You should receive it no later than 3 business days before consummation. It must be in writing...
Understanding Loan Estimate Comparisons
http://bucket.wistia.com/medias/gpn0ttij8i?embedType=async&videoFoam=true&videoWidth=640 Page 3 of your Loan Estimate includes measures to help you compare loans. “In X Years” shows the total amount you will have paid in that time, and the dollar amount...
Calculating Your Cash To Close
http://bucket.wistia.com/medias/lhg0uvli3u?embedType=async&videoFoam=true&videoWidth=640 Page 2 of the Loan Estimate provides the current ESTIMATED cash to close. Some costs will stay the same between estimate and closing. Some will change. A - Origination...
Understanding Your Loan Estimate: Other Costs
http://bucket.wistia.com/medias/np8x7bvjes?embedType=async&videoFoam=true&videoWidth=640 Real estate transactions require taxes, certain pre-payments, and escrow funding. Recording fees are charged by government agencies for keeping legal ownership records,...