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Understanding Your Loan: Cash And Transaction Summaries

http://bucket.wistia.com/medias/9fquxdsb5k?embedType=async&videoFoam=true&videoWidth=640 Page 3 of your Closing Disclosure will compare cash requirements from your Loan Estimate to your actual final charges. If “Did this change?” is “YES” notes for changed...

Understanding Your Loan: Closing Cost Details

http://bucket.wistia.com/medias/47gjcsfw36?embedType=async&videoFoam=true&videoWidth=640 Page 2 of your Closing Disclosure details specific closing costs. Section A includes: Origination charges collected by the lender Origination fees paid to brokers, loan...

Your Rights And Rules For Closing Disclosures

http://bucket.wistia.com/medias/2cds2m11ku?embedType=async&videoFoam=true&videoWidth=640 The Closing Disclosure documents the actual terms of your loan transaction. You should receive it no later than 3 business days before consummation. It must be in writing...

Understanding Loan Estimate Comparisons

http://bucket.wistia.com/medias/3oof3zxd3f?embedType=async&videoFoam=true&videoWidth=640 Page 3 of your Loan Estimate includes measures to help you compare loans. “In X Years” shows the total amount you will have paid in that time, and the dollar amount...

Calculating Your Cash To Close

http://bucket.wistia.com/medias/2f2l74s0lx?embedType=async&videoFoam=true&videoWidth=640 Page 2 of the Loan Estimate provides the current ESTIMATED cash to close. Some costs will stay the same between estimate and closing. Some will change. A - Origination...

Understanding Your Loan Estimate: Other Costs

http://bucket.wistia.com/medias/95mowbs225?embedType=async&videoFoam=true&videoWidth=640 Real estate transactions require taxes, certain pre-payments, and escrow funding. Recording fees are charged by government agencies for keeping legal ownership records,...

Understanding Your Loan Estimate: Services You CAN Shop For

http://bucket.wistia.com/medias/v40xzx4rch?embedType=async&videoFoam=true&videoWidth=640 These costs are paid to outside parties and YOU are free to shop and compare providers for a variety of services. These might include pest inspection, or  a survey to...

Understanding Your Loan Estimate: Services You Cannot Shop For

http://bucket.wistia.com/medias/so2r76cib0?embedType=async&videoFoam=true&videoWidth=640 These costs are paid to outside parties, not the lender, but you don’t get to choose them. They may include: appraisal, which puts a value on your property on the lender’s...

Understanding Your Loan Estimate: Page 2, Loan Costs

http://bucket.wistia.com/medias/yxvyuv3sql?embedType=async&videoFoam=true&videoWidth=640 Closing costs are fees paid when the title of the property is transferred to the buyer making them the legal owner. Origination Charges are fees collected by the lender...