by Jennifer Ferri | Feb 9, 2023 | Closing Disclosure Form (HUD1), Financing, Loan Estimate Form (GFE), TRID
The definition of a “business day” is slightly different for Loan Estimates and Closing Disclosures. For Loan Estimates, each day on which a creditor’s offices are open to the public count as a business day. Loan estimates must be delivered or placed in the...
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 | Dec 15, 2022 | TRID
Trying to understand your loan terms and costs for an upcoming purchase in the Fort Myers or Cape Coral areas? For eligible transactions, including most residential real estate purchases, creditors must provide a closing disclosure form documenting the actual...
by Jennifer Ferri | 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...
