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Understanding Your Loan: Cash And Transaction Summaries
http://bucket.wistia.com/medias/al0npnqli5?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 sections...
Understanding Your Loan: Closing Cost Details
http://bucket.wistia.com/medias/mtj374qeqd?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 officers...
Your Rights And Rules For Closing Disclosures
http://bucket.wistia.com/medias/25xfrw5ne1?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 - paper...
Understanding Loan Estimate Comparisons
http://bucket.wistia.com/medias/rzz3f6zbbd?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 applied to...
Calculating Your Cash To Close
http://bucket.wistia.com/medias/eoierqcu20?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 Charges -...
Understanding Your Loan Estimate: Other Costs
http://bucket.wistia.com/medias/guxn28s54n?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, while...
Understanding Your Loan Estimate: Services You CAN Shop For
http://bucket.wistia.com/medias/pbwprhwzyg?embedType=async&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 to verify...
Understanding Your Loan Estimate: Services You Cannot Shop For
http://bucket.wistia.com/medias/dpvehqmjai?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 behalf...
Understanding Your Loan Estimate: Page 2, Loan Costs
http://bucket.wistia.com/medias/fm7vt8zwuz?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...
Understanding Your Loan Estimate: Terms, Payments and Closing Costs
http://bucket.wistia.com/medias/4zghtj7u5d?embedType=async&videoFoam=true&videoWidth=640 The first page of your Loan Disclosure shows the Loan Terms Projected Payments and Costs at Closing. The Loan Amount, of course is the total you are borrowing. But the Interest...
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