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Understanding Your Loan Estimate: Services You CAN Shop For
http://fwd4.wistia.com/medias/7rpbsvdh5v?embedType=iframe&videoFoam=true&videoWidth=640These 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 verify...
Understanding Your Loan Estimate: Services You Cannot Shop For
http://fwd4.wistia.com/medias/syibzqkwhk?embedType=iframe&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://fwd4.wistia.com/medias/mtwwnf4tuk?embedType=iframe&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...
Understanding Your Loan Estimate: Terms, Payments and Closing Costs
http://fwd4.wistia.com/medias/hvj5f36bke?embedType=iframe&videoFoam=true&videoWidth=640The first page of your Loan Disclosure shows the Loan Terms Projected Payments and Costs at Closing.The Loan Amount, of course is the total you are borrowing. But the...
Can My Settlement Charges Change?
http://fwd4.wistia.com/medias/so44v4jwob?embedType=iframe&videoFoam=true&videoWidth=640 Yes, if circumstances change, such as: a natural disaster damages the property or affects closing costs the title insurer providing the estimate...
Can Creditors Revise TRID Loan Estimates?
http://fwd4.wistia.com/medias/o183nutk5t?embedType=iframe&videoFoam=true&videoWidth=640 Creditors are generally bound by the initial Loan Estimate. They are permitted to provide a revised Loan Estimate only under certain changed circumstances. These include...
What’s Refunded If My Loan Is Higher Than My Estimate?
http://fwd4.wistia.com/medias/061znkvx2y?embedType=iframe&videoFoam=true&videoWidth=640 If the amount you pay at closing exceeds the amounts disclosed on the Loan Estimate - beyond tolerance limits for each category - the creditor must...
Could My Loan Costs Exceed The Loan Estimate?
http://fwd4.wistia.com/medias/uoghm2gtop?embedType=iframe&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...
What Will The TRID Loan Estimate Tell Me?
http://fwd4.wistia.com/medias/fzwfcp6l1o?embedType=iframe&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...
How Long Must Creditors Keep Real Estate Loan Records?
http://fwd4.wistia.com/medias/y8v8awakm4?embedType=iframe&videoFoam=true&videoWidth=640Under the TRID rule, creditors must retain Escrow Cancellation and Partial Payment Policy disclosures for two years; Loan Estimate records for three years after loan...