Blog
Understanding Loan Estimate Comparisons
http://videotap.wistia.com/medias/h11trmwq4k?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...
Calculating Your Cash To Close
http://videotap.wistia.com/medias/qp95h6uaja?embedType=async&videoFoam=true&videoWidth=640 Page 2 of the Loan Estimate provides the current ESTIMATED cash to close. Some costs will stay the same between estimate and closing. Some will change. A - Origination...
Understanding Your Loan Estimate: Other Costs
http://videotap.wistia.com/medias/4rsnd3h7qm?embedType=async&videoFoam=true&videoWidth=640 Real estate transactions require taxes, certain pre-payments, and escrow funding. Recording fees are charged by government agencies for keeping legal ownership records,...
Understanding Your Loan Estimate: Services You CAN Shop For
http://videotap.wistia.com/medias/308sonzm97?embedType=async&videoFoam=true&videoWidth=640 These 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...
Understanding Your Loan Estimate: Services You Cannot Shop For
http://videotap.wistia.com/medias/yrvvyl1fey?embedType=async&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...
Understanding Your Loan Estimate: Page 2, Loan Costs
http://videotap.wistia.com/medias/jfc5gen9za?embedType=async&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 collected by the lender...