by Jennifer Ferri | Dec 29, 2022 | Buying, Closing Disclosure Form (HUD1), Financing, Loan Estimate Form (GFE), TRID
Looking to buy a home in the Fort Myers or Cape Coral areas and wondering if your settlement charges can change if you are in the middle of the closing process? Yes, your settlement charges can change if circumstances change, such as: A natural disaster damages...
by Jennifer Ferri | Aug 18, 2022 | Financing
There are a number of fees that make up the entire sum or your loan costs, so here’s the basic breakdown. 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...
by Jennifer Ferri | Jun 23, 2022 | Financing, Mortgages
Generally speaking, creditors are bound by the initial loan estimate. They are, however, permitted to provide a revised loan estimate under certain changed circumstances. These include circumstances that: a) increase settlement charges beyond the legal...
by Jennifer Ferri | Apr 21, 2022 | Financing, Mortgages
It makes sense that lenders need information about you and the property you wish to purchase in order to see if you qualify for a loan. They aren’t mind readers, after all. As a result, there are six pieces of information that you are required to provide...
by Jennifer Ferri | Mar 31, 2022 | Financing, Mortgages
There are many kinds of loans that you can apply for in order to finance a home purchase, but your personal situation will determine the best kind of loan for you. By asking yourself a few questions, you can help narrow your search among the many options...
by Jennifer Ferri | Feb 10, 2022 | Financing, Mortgages
A closing disclosure is the 5-page form that gives you the details of your mortgage loan, with Page 4 containing important information about your specific mortgage. It is not just standardized form information that is identical for every loan. Here are some...
