The Closing Disclosure (CD) outlines the terms of a new mortgage to the potential borrower so that they can review it before signing final loan documents. The Closing Disclosure features a standard format that makes all of the final figures and loan terms easy to comprehend. The Closing Disclosure was introduced to the mortgage industry […]
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The Loan Closing Process: What to Expect
When it comes to the loan process, there is a lot that happens in a short span of time. Once approved for a loan, it can feel like a whirlwind of documentation and due dates. To make the light at the end of the tunnel a bit clearer, we’ve broken down exactly what is essential […]
The Right of Rescission: What is This?
By law, borrowers refinancing their Conventional mortgage loan receive a mandatory three day period after signing their final loan documents. During this recession period, the borrower can rescind or cancel the loan and walk away for any reason whatsoever. This is called the Right of Rescission, and it gives homeowners the absolute right to cancel […]
What to Expect With The Refinance Process
Borrowers often have anxiety about refinancing and going through the taxing journey of gathering their personal financial documentation. The good news about refinancing is it is very similar to the original loan process. So, if you are already a homeowner, you likely have been through the mortgage lending process already and are well apt to […]
Our Loan Process
Today’s real estate landscape is extremely challenging and most offers to purchase real estate will not be accepted without an accompanying letter from the lender stating that you have made a loan application and have been pre-approved by an accredited lender. Getting pre-approved consists of an in person or on the phone meeting getting to […]
