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http://bucket.wistia.com/medias/wj5sm0cimq?embedType=async&videoFoam=true&videoWidth=640 Closing costs are fees paid when the title of the property is transferred to the buyer making them the legal owner. Origination Charges are fees collected by the lender for the...

http://bucket.wistia.com/medias/e7vm4t6e2f?embedType=async&videoFoam=true&videoWidth=640 The Most Important Page of the Loan Estimate, the first page of the Loan Estimate shows your Interest Rate, Loan Terms, Projected Payments and Closing Costs. The Loan Amount, of...

http://bucket.wistia.com/medias/eu7lcq8wju?embedType=async&videoFoam=true&videoWidth=640 Creditors are generally bound by the initial Loan Estimate. They are permitted to provide a revised Loan Estimate only under certain changed circumstances. These include...

http://bucket.wistia.com/medias/3h8tj9iklq?embedType=async&videoFoam=true&videoWidth=640 If the amount you pay at closing exceeds the amounts disclosed on the Loan Estimate - beyond tolerance limits for each category - the creditor must REFUND the excess to you no...

http://bucket.wistia.com/medias/hecjmx89qh?embedType=async&videoFoam=true&videoWidth=640 Yes, within defined limits. Service charges for which YOU shop and select a provider may change; the creditor is NOT responsible for providers who are NOT on their written list....

http://bucket.wistia.com/medias/8ktsppn9ft?embedType=async&videoFoam=true&videoWidth=640 The Loan Estimate documents the essential facts and terms of an approved real estate loan. It includes: loan terms projected payments and loan costs cash and costs at closing time...

http://bucket.wistia.com/medias/1rw3xxzeea?embedType=async&videoFoam=true&videoWidth=640 Under the TRID rule, creditors must retain Escrow Cancellation and Partial Payment Policy disclosures for two years; Loan Estimate records for three years after loan consummation...

http://bucket.wistia.com/medias/1vticaje4r?embedType=async&videoFoam=true&videoWidth=640 If your loan is approved, on the terms you requested the creditor is required to provide a Loan Estimate within 3 business days. If they determine that your application will not...

http://bucket.wistia.com/medias/440qzhp0uc?embedType=async&videoFoam=true&videoWidth=640 In addition to the required pieces: Name Income Social Security Number Property Address Estimated Property Value Mortgage Amount Sought a creditor may collect whatever additional...