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 later than 60 calendar days after loan consummation.

  • Charges subject to 10% cumulative tolerance fees greater than 10% of the Loan Estimate for the same charges must be refunded.
  • For fees paid for 3rd party services which the creditor did not permit you to shop, the full amount over the estimate must be refunded.
  • For charges subject to zero tolerance including fees paid to the creditor mortgage broker or their affiliates, any amount beyond the Loan Estimate must be refunded.

At Title Junction, we care about helping you stay informed throughout your real estate transaction. The experts at our title company have extensive knowledge about real estate not only in Cape Coral and Fort Myers, but all of Florida as well.

Have questions? Give us a call at 239.415.6574.

In case you missed it, check out our last Title Junction post: How To Submit A Title Insurance Claim

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