by titlejunction | Nov 17, 2022 | Buying, TRID
Applying for a loan in the Fort Myers or Cape Coral areas and trying to understand the loan terms of your purchase? Page 2 of your Loan Estimate provides the current estimated cash to close. Some costs will stay the same between estimate and closing while some...
by Jennifer Ferri | Mar 10, 2022 | TRID
For loans that aren’t covered by TRID, creditors must continue to use the Good Faith Estimate, Truth-In-Lending Disclosure and the HUD-1 form for reverse mortgages, HELOCs, mobile home or other non-attached dwelling loans and others NOT covered by TRID....
by Jennifer Ferri | Oct 14, 2021 | TRID
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...
by titlejunction | 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 titlejunction | Jun 13, 2019 | Loan Estimate Form (GFE), Mortgages, TRID
There’s no getting around it; taking out a loan for a house involves a lot of paperwork. Some of it you have to fill out yourself, while other documents contain vital information that you need to understand to get your loan squared away. One such document...
by titlejunction | 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...
