Published November 14, 2016 by

  Mortgage rates change constantly through an unpredictable combination of government policies and economic conditions. This video explains the common term ‘rate lock.’ A “Rate Lock” is a guarantee that…

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New Homes

Published November 14, 2016 by

Mortgages:

Published November 14, 2016 by

  What are the “Ability to repay” rules about? In a nutshell, as this video shows, new laws require lenders to make a good-faith assessment of a borrower’s capacity to pay…

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Mortgages:

Published November 14, 2016 by

  As this video explains,  Federal laws put into effect in 2014 and  supervised by the Consumer Financial Protection Bureau define lending practices and loan terms for a new category called “Qualified…

Read More What Is A Qualified Mortgage?

Mortgages:

Published November 14, 2016 by

  If an eligible loan proceeds from Estimate to closing, creditors must provide a Closing Disclosure form documenting the actual transaction terms and costs THREE business days before consummation. It…

Read More When Do I Get My Loan Closing Disclosure?

TRID

Published November 14, 2016 by

TRID

Published November 14, 2016 by

TRID