Viewing 33 - 48 out of 110 posts

Understanding Your Loan Estimate: Page 2, Loan Costs

Understanding Your Loan Estimate: Page 2, Loan Costs - Fort Lauderdale, FL | Marc Brown, P.A. Closing costs are fees paid when the title of the property is transferred to the Read More

Understanding Your Loan Estimate: Terms, Payments and Closing Costs

Understanding Your Loan Estimate: Terms, Payments and Closing Costs - Fort Lauderdale, FL | Marc Brown, P.A. The first page of your Loan Disclosure shows the Loan Terms Projected Payments and Read More

What Will The TRID Loan Estimate Tell Me?

What Will The TRID Loan Estimate Tell Me? - Fort Lauderdale, FL | Marc Brown, P.A. The Loan Estimate documents the essential facts and terms of an approved real estate loan. Read More

Can My Settlement Charges Change?

Can My Settlement Charges Change? - Fort Lauderdale, FL | Marc Brown, P.A. Yes, if circumstances change, such as: a natural disaster damages the property or affects closing coststhe title insurer providing Read More

How Long Must Creditors Keep Real Estate Loan Records?

How Long Must Creditors Keep Real Estate Loan Records? - Fort Lauderdale, FL | Marc Brown, P.A. Under the TRID rule, creditors must retain Escrow Cancellation and Partial Payment Policy disclosures Read More

Can Creditors Revise TRID Loan Estimates?

Can Creditors Revise TRID Loan Estimates? - Fort Lauderdale, FL | Marc Brown, P.A. Creditors are generally bound by the initial Loan Estimate. They are permitted to provide a revised Loan Read More

What Is A ‘Business Day’ For Real Estate Loan Disclosures?

What Is A ‘Business Day’ For Real Estate Loan Disclosures? - Fort Lauderdale, FL | Marc Brown, P.A. “Business day” is defined slightly differently for Loan Estimates and Closing Disclosures. For Loan Read More

Can Creditors Collect Information Beyond The 6 Required Pieces?

Can Creditors Collect Information Beyond The 6 Required Pieces? - Fort Lauderdale, FL | Marc Brown, P.A. In addition to the required pieces: NameIncomeSocial Security NumberProperty AddressEstimated Property ValueMortgage Amount Soughta creditor Read More

Do Creditors Have To Approve TRID Loans In 3 Days?

Do Creditors Have To Approve TRID Loans In 3 Days? - Fort Lauderdale, FL | Marc Brown, P.A. If your loan is approved, on the terms you requested the creditor is Read More

What 6 Pieces of Information Make A TRID Loan Application?

What 6 Pieces of Information Make A TRID Loan Application? - Fort Lauderdale, FL | Marc Brown, P.A. Submitting these 6 pieces of information: NameIncomeSocial Security NumberProperty AddressEstimated Value of PropertyMortgage Loan Read More

What Kinds Of Loans Do TRID Disclosures Cover?

What Kinds Of Loans Do TRID Disclosures Cover? - Fort Lauderdale, FL | Marc Brown, P.A. TRID rules apply to MOST consumer credit transactions secured by real property. These include mortgages, Read More

What Disclosures Are Used For Loans Not Covered By TRID?

What Disclosures Are Used For Loans Not Covered By TRID? - Fort Lauderdale, FL | Marc Brown, P.A. Creditors must continue to use the Good Faith Estimate, Truth-In-Lending Disclosure and the Read More

What Do Lenders Have To Tell You About Your Real Estate Loan?

What Do Lenders Have To Tell You About Your Real Estate Loan? - Fort Lauderdale, FL | Marc Brown, P.A. Federal “disclosure” forms define the information that creditor businesses MUST provide Read More

What Are Real Estate Commissions?

What Are Real Estate Commissions? - Fort Lauderdale, FL | Marc Brown, P.A. Like the video says – real estate agents aren’t paid by the hour!They’re paid a percentage of the Read More

What Is "Prime"?

What Is "Prime"? - Fort Lauderdale, FL | Marc Brown, P.A. The Prime Lending Rate – sometimes just called “Prime”  – is the interest rate that banks charge each other for Read More

What Is Equity?

What Is Equity? - Fort Lauderdale, FL | Marc Brown, P.A. Equity is the value YOU own in property such as a house. It’s the difference between what’s OWED and what Read More

Viewing 33 - 48 out of 110 posts