by Jennifer Ferri | Feb 27, 2020 | Financing, Mortgages
So you borrowed money, whether it was from a mortgage bank lender or a private individual, on a property in Cape Coral, Fort Myers, or anywhere in Florida. And now, you’ve finally made the last mortgage payment! That’s awesome! But before you break out the...
by Jennifer Ferri | Aug 15, 2019 | Financing, Mortgages, TRID
In order to fully understand your home loan, it’s important to understand some of the key parts of the documents associated with it. Let’s talk about your closing disclosure—specifically, the first page of it. The Loan Amount: This is the total you...
by Jennifer Ferri | Jul 11, 2019 | Closing Disclosure Form (HUD1), Financing
RESPA stands for the Federal Real Estate Settlement Procedures Act. The act requires lenders to disclose information to potential customers throughout the mortgage process. By doing so, it protects borrowers from abuses by lending institutions. That means, as a...
by Jennifer Ferri | May 23, 2019 | Buying, Financing
There are many steps to applying for a loan, and quite a few of them serve the purpose of ensuring that you won’t fall victim to loan fraud or be disqualified due to inaccuracies. Here we provide a helpful list of dos and don’ts during the lending...
by Jennifer Ferri | May 9, 2019 | Financing
Shopping for a home loan can seem overwhelming, but by properly organizing the information you gather during your research, you can make the task of comparing home loans from different lenders easier to tackle. First, devise a checklist for the information from...
by Jennifer Ferri | Apr 25, 2019 | Financing, TRID
Federal loan disclosure forms define the information that creditor businesses MUST provide to consumers applying for real estate loans. Lenders have to provide you with two disclosure forms for the most common kinds of real estate loans. First, there’s...
