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http://bucket.wistia.com/medias/d67nfyxbb4?embedType=async&videoFoam=true&videoWidth=640 If an eligible loan proceeds from Estimate to closing, lenders must provide a Closing Disclosure form documenting the actual transaction terms and costs THREE business...

http://bucket.wistia.com/medias/3mgawiyl85?embedType=async&videoFoam=true&videoWidth=640 The forth page of your Closing Disclosure is important. It is NOT just standardized form information that is identical for every loan. Review these terms: Assumption: can...

http://bucket.wistia.com/medias/zxirp8qvlh?embedType=async&videoFoam=true&videoWidth=640 Page one of the Closing Disclosure: The Loan Amount - the total you will actually borrow The Interest Rate - which does NOT include the fees factored into the APR on Page...

http://bucket.wistia.com/medias/y02j9nq7ux?embedType=async&videoFoam=true&videoWidth=640 The third page 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...

http://bucket.wistia.com/medias/ap8duof40g?embedType=async&videoFoam=true&videoWidth=640 The second page of your Closing Disclosure details specific closing costs. Section A includes: Origination charges collected by the lender Origination fees paid to...

http://bucket.wistia.com/medias/dndzf1ozji?embedType=async&videoFoam=true&videoWidth=640 Your lender provides the closing disclosure which lists the terms of your mortgage. You should receive it no later than 3 business days before consummation. It must be in...

http://bucket.wistia.com/medias/cwlwum1cy9?embedType=async&videoFoam=true&videoWidth=640 When shopping for a mortgage use page three of your loan estimate to compare loans. “In X Years” shows the total amount you will have paid in that time, and the dollar...

http://bucket.wistia.com/medias/jarbhvcdxp?embedType=async&videoFoam=true&videoWidth=640 Thus, understanding the LE. Taxes, certain pre-payments, and escrow funding. Recording fees are charged by government agencies for keeping legal ownership records, while...

http://bucket.wistia.com/medias/q9vapubr92?embedType=async&videoFoam=true&videoWidth=640 These costs are paid to outside parties, not the lender, but you don’t get to choose them. They may include: appraisal, which puts a value on your property on the lender’s...