Settlement Charges - Closing Costs

Date June 3, 2008

closing costs for a mortgageRecently during a conversation with a local Realtor, we discussed common questions and misconceptions. One question that I had never heard was in regards to .

The Realtor’s buyer had asked the Realtor what “Settlement charges” were and if they…

No “Good” in Good Faith Estimates?

Date May 10, 2008

How close an estimate are you given?

sample good faith estimateWhen you apply for a loan, lenders are required to offer a form known as the “.” This form is supposed to provide the borrower with a realistic estimate of the costs…

When is an application really an application?

Date November 16, 2007

According to federal guidelines, lenders are required to provide loan applicants with certain documents within 3 days of . Some of these basic documents include a and a Statement. These forms are to disclose to the…