Understanding Loan Documents
56.6 هزار بار بازدید -
8 سال پیش
-
www.reedhazard.com www.marshallreddick.com Our preferred mortgage
www.reedhazard.com
www.marshallreddick.com
Our preferred mortgage lender of over 15 years dives deep into the following loan documents. Our goal is for viewers to gain an in-depth understanding of how to read and interpret these documents in order to prepare for a smooth and successful closing.
- The 1003 Application (This is what the loan structure is built on)
- The Loan Estimate or "LE" (Included with the preliminary loan disclosures that are sent out when the loan file is activated)
- What type if Lender fees can you expect?
- What are standard fees and what would be considered out of the norm?
- Difference between pre-paid and actual fees
- The low-end and high-end range for costs ex. processing, underwriting, and loan origination fees
- Definition of common industry terms that a first-timer might not be familiar with
- The Closing Disclosure or "CD"
- How impounds work
- What are the typical title and escrow fees?
- What are typical "additional settlement charges?" (Ex: survey, pest inspection, HOA dues, etc.)
- Final Closing Documents (Any minor changes that occurred such as changing your insurance policy and now the premium are higher, the closing date is further out than expected, pre-pays for HOA change, etc.)
In each of these segments, we dive into the importance of each document and explain why it is necessary that everything is disclosed properly and the application is complete upfront. Watching this webinar will help anyone considering to buy a rental property.
www.marshallreddick.com
Our preferred mortgage lender of over 15 years dives deep into the following loan documents. Our goal is for viewers to gain an in-depth understanding of how to read and interpret these documents in order to prepare for a smooth and successful closing.
- The 1003 Application (This is what the loan structure is built on)
- The Loan Estimate or "LE" (Included with the preliminary loan disclosures that are sent out when the loan file is activated)
- What type if Lender fees can you expect?
- What are standard fees and what would be considered out of the norm?
- Difference between pre-paid and actual fees
- The low-end and high-end range for costs ex. processing, underwriting, and loan origination fees
- Definition of common industry terms that a first-timer might not be familiar with
- The Closing Disclosure or "CD"
- How impounds work
- What are the typical title and escrow fees?
- What are typical "additional settlement charges?" (Ex: survey, pest inspection, HOA dues, etc.)
- Final Closing Documents (Any minor changes that occurred such as changing your insurance policy and now the premium are higher, the closing date is further out than expected, pre-pays for HOA change, etc.)
In each of these segments, we dive into the importance of each document and explain why it is necessary that everything is disclosed properly and the application is complete upfront. Watching this webinar will help anyone considering to buy a rental property.
8 سال پیش
در تاریخ 1395/04/03 منتشر شده
است.
56,675
بـار بازدید شده