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...
by titlejunction | Mar 7, 2019 | Buying, Financing, TRID
So you’ve found the house of your dreams at a price point that seems doable for your long-term budget. Great! Hopefully you’ve already been pre-qualified for a loan, but either way, you’ll need these 6 pieces of information to...
by titlejunction | Feb 7, 2019 | Closing Documents, TRID
On the second page of your Closing Disclosure, you’ll find details about the specific closing costs, divided into different sections. Section A includes: Origination charges collected by the lender Origination fees paid to brokers, loan officers or other...
