What is TRID? TRID, which stands for TILA RESPA Integrated Disclosure, is the culmination of several years of discussions between CFPB and members of the banking and title industries. TRID consolidates the existing disclosures required under TILA and RESPA for closed-end […]
read more
Closing
Do’s and Don’ts Before Closing
Below are a few reminders of “do’s and don’s that are helpful to know before you close on your loan. DO bring a cashiers check made payable to the title company for the amount of your closing costs. DO alert […]
read more
read more
Loan Process
Loan Process Overview The following is an overview of the home loan process when purchasing a home. The process begins once the loan details (such as program, rate, costs, etc.) have been finalized and a contract has been executed […]
read more
read more
Mortgage Closing Costs
Mortgage Closing Costs There are three components that make up the funds due at closing: the down payment, the mortgage closing costs, and the prepaids. Regardless of what lender you choose or what program you choose, these costs will exist. […]
read more
read more
Buying a home: What happens at a mortgage closing?
The home inspections are complete. You have your homeowners insurance. The day you’ve been waiting for has arrived — closing day. If everything is in order, a closing process can run smoothly and ownership of the property will be transferred […]
read more
read more
Pre-Closing
Pre-Closing At this juncture your loan is approved and the financing details are finalized. Before the new TRID requirements the file would submitted to the closing department. Now, we as the Lender have the ability to send the borrower the […]
read more
read more