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Can My Settlement Charges Change?
http://videotap.wistia.com/medias/lua58dwa7a?embedType=async&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 goes out of business during underwriting new information on you or the transaction affecting settlement...
Can Creditors Revise TRID Loan Estimates?
http://videotap.wistia.com/medias/9rsmd2ulbh?embedType=async&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 circumstances that: a) increase settlement charges beyond the legal tolerance...
What’s Refunded If My Loan Is Higher Than My Estimate?
http://videotap.wistia.com/medias/tahi5p8rew?embedType=async&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 REFUND the excess to you no later than 60 calendar days after loan consummation. For charges subject...
Could My Loan Costs Exceed The Loan Estimate?
http://videotap.wistia.com/medias/qe030vywkh?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 written list. In addition, prepaid interest, property insurance premiums and escrow...
What Will The TRID Loan Estimate Tell Me?
http://videotap.wistia.com/medias/wja8tf92uy?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 closing time the services for which you CAN and CANNOT shop in relation to the...
How Long Must Creditors Keep Real Estate Loan Records?
http://videotap.wistia.com/medias/us70yxr3py?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 consummation and Closing Disclosures for FIVE years. If a creditor sells or...
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WOOSTER
121 NORTH MARKET STREET
WOOSTER, OHIO 44691
MILLERSBURG
MILLERSBURG, OHIO 44654
MEDINA
MEDINA, OHIO 44256
MOUNT VERNON
MOUNT VERNON, OHIO 43050
ASHLAND
SUITE ONE
ASHLAND, OHIO 44805