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Closing Costs Explained Visually

http://videotap.wistia.com/medias/u2abll5tag?embedType=async&videoFoam=true&videoWidth=640 Purchasing a home is exciting. Once escrow begins, the excitement can change to frustration, particularly if you are not ready for the closing costs that quickly accumulate. Closing costs simply refer to the fees...

Title Insurance Explained Visually

http://videotap.wistia.com/medias/i58odlii70?embedType=async&videoFoam=true&videoWidth=640 What is title insurance and why should any buyer get it when purchasing a home (single family, townhouse, condo, apartment, or whatever format your home purchase takes)? Doesn’t the attorney or settlement company...

Understanding Your Loan: Cash And Transaction Summaries

http://videotap.wistia.com/medias/dtceckm4t8?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 sections should be provided. The bottom line final...

Understanding Your Loan: Closing Cost Details

http://videotap.wistia.com/medias/cd6udsi8y3?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 officers or other parties and Discount Points - prepaid interest. These figures...

Your Rights And Rules For Closing Disclosures

http://videotap.wistia.com/medias/f11j78jcpm?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 - paper or digital. If the loan terms or costs change prior to consummation,...

Understanding Loan Estimate Comparisons

http://videotap.wistia.com/medias/0qjms28p0b?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 applied to your loan principal. The ratio between total paid and...

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