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Could My Loan Costs Exceed The Loan Estimate?

http://videotap.wistia.com/medias/f8stknlpbb?embedType=async&videoFoam=true&videoWidth=640 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...

What Will The TRID Loan Estimate Tell Me?

http://videotap.wistia.com/medias/doap59gg6e?embedType=async&videoFoam=true&videoWidth=640 The Loan Estimate documents the essential facts and terms of an approved real estate loan. It includes: loan terms projected payments and loan costs cash and costs at...

How Long Must Creditors Keep Real Estate Loan Records?

http://videotap.wistia.com/medias/8ky65s1yk0?embedType=async&videoFoam=true&videoWidth=640 Under the TRID rule, creditors must retain Escrow Cancellation and Partial Payment Policy disclosures for two years; Loan Estimate records for three years after loan...

What Is A ‘Business Day’ For Real Estate Loan Disclosures?

http://videotap.wistia.com/medias/ase1u50agw?embedType=async&videoFoam=true&videoWidth=640 “Business day” is defined slightly differently for Loan Estimates and Closing Disclosures. For Loan Estimates, each day on which a creditor’s offices...

Do Creditors Have To Approve TRID Loans In 3 Days?

http://videotap.wistia.com/medias/e4vj48ijyq?embedType=async&videoFoam=true&videoWidth=640 If your loan is approved, on the terms you requested the creditor is required to provide a Loan Estimate within 3 business days. If they determine that your application...

Can Creditors Collect Information Beyond The 6 Required Pieces?

http://videotap.wistia.com/medias/czfsb765aq?embedType=async&videoFoam=true&videoWidth=640 In addition to the required pieces: Name Income Social Security Number Property Address Estimated Property Value Mortgage Amount Sought a creditor may collect whatever...

What Does The Closing Process Involve When I Sell?

http://videotap.wistia.com/medias/yhxmip92ny?embedType=async&videoFoam=true&videoWidth=640 As this video explains, a signed sales contract doesn’t mean your house is sold. There are still financial, contractual and legal steps for both sides. The buyer has to...

What Happens After I’ve Applied For My Loan?

http://videotap.wistia.com/medias/c41qvzqs9y?embedType=async&videoFoam=true&videoWidth=640 Once you've supplied the 6 required piece of information and included any other information the lender deemed necessary, you'll receive a Loan Estimate within 3 business...

How Can I Find Out About Schools & Community Resources?

The video puts this in more visual terms, but basically, contact the local Chamber of Commerce for promotional literature or talk to your real estate agent about welcome kits, maps, and other information. You can get information about school systems by contacting the...