by Title Junction | Jun 13, 2019
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 Title Junction | Apr 25, 2019
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 Title Junction | Mar 7, 2019
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 Title Junction | Feb 7, 2019
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...
by Title Junction | Dec 6, 2018
Yes, within defined limits. Service charges for which YOU shop and select a provider may change; the creditor is NOT responsible for providers who are NOT on their written list. In addition, prepaid interest, property insurance premiums and escrow or reserve...
by Title Junction | Oct 22, 2018
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...
