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...

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...

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...

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...

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...

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...

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...

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...

http://fwd4.wistia.com/medias/m6o5f58kz7?embedType=iframe&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 are open to the public...

http://fwd4.wistia.com/medias/nnl349kfad?embedType=iframe&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...