Recently, the real estate industry has seen a surge in email scams, cyber crime and hackers targeting real estate transactions in an attempt to defraud real estate brokers, lenders, title agencies and Read More
http://fwd5.wistia.com/medias/18wxl2n43f?embedType=iframe&videoFoam=true&videoWidth=640 Page 4 of your Closing Disclosure is important. It is NOT just standardized form information that is identical for every loan. Review these terms: Assumption: can this loan be Read More
http://fwd5.wistia.com/medias/ibsu0isdbh?embedType=iframe&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 sections should Read More
http://fwd5.wistia.com/medias/5h2mp2fnh9?embedType=iframe&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 officers or other parties Read More
http://fwd5.wistia.com/medias/crzfymn7dn?embedType=iframe&videoFoam=true&videoWidth=640 The first page of your Closing Disclosure documents: The Loan Amount – the total you will actually borrow The Interest Rate – which does NOT include the fees factored Read More
http://fwd5.wistia.com/medias/zp3wk6r65w?embedType=iframe&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 – Read More
http://fwd5.wistia.com/medias/v0g7ewapte?embedType=iframe&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 Read More
http://fwd5.wistia.com/medias/onr4h6fbzw?embedType=iframe&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 Read More
http://fwd5.wistia.com/medias/4vq1aq79x6?embedType=iframe&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, while “transfer taxes” may be imposed by Read More
http://fwd5.wistia.com/medias/z3e7qpi1df?embedType=iframe&videoFoam=true&videoWidth=640 These costs are paid to outside parties and YOU are free to shop and compare providers for a variety of services. These might include pest inspection, or a survey Read More
