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Understanding Your Loan: Closing Cost Details

Page 2 of your Closing Disclosure details specific closing costs. Section A includes: Origination ch...

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Can My Settlement Charges Change?

Yes, if circumstances change, such as: a natural disaster damages the property or affects closing c...

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Can Creditors Revise TRID Loan Estimates?

Creditors are generally bound by the initial Loan Estimate. They are permitted to provide a revised ...

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What's Refunded If My Loan Is Higher Than My Estimate?

If the amount you pay at closing exceeds the amounts disclosed on the Loan Estimate - beyond tolera...

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What Will The TRID Loan Estimate Tell Me?

The Loan Estimate documents the essential facts and terms of an approved real estate loan. It includ...

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Understanding Your Loan: Cash And Transaction Summaries

Page 3 of your Closing Disclosure will compare cash requirements from your Loan Estimate to your act...

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Do Creditors Have To Approve TRID Loans In 3 Days?

If your loan is approved, on the terms you requested the creditor is required to provide a Loan Esti...

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How Long Must Creditors Keep Real Estate Loan Records?

Under the TRID rule, creditors must retain Escrow Cancellation and Partial Payment Policy disclosure...

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What Is A 'Business Day' For Real Estate Loan Disclosures?

"Business day" is defined slightly differently for Loan Estimates and Closing Disclosures. For Loan ...

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What Are Real Estate Commissions?

Like the video says - real estate agents aren't paid by the hour!They're paid a percentage of the p...

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What Is Equity?

Equity is the value YOU own in property such as a house. It's the difference between what's OWED and...

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What Is "Prime"?

The Prime Lending Rate - sometimes just called "Prime" - is the interest rate that banks charge ea...

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