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When Do I Get My Loan Closing Disclosure?
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 must be in writing, whether paper or digital, and disclose ONLY the...
Understanding Your Loan: Closing Disclosure Page 1
The first page of your Closing Disclosure documents:
The Loan Amount - the total you will actually borrow
The Interest Rate - which does NOT include the fees factored into the APR on Page 5
If this loan has a penalty for pre-payme...
Understanding Your Loan: Additional Information Can Be Important
Page 4 of your Closing Disclosure is important. It is NOT just standardized form information that is identical for every loan.
Review these terms:
Assumption: can this loan be transferred to another person if you sell or transfer the property?
...
How Should I Prepare For Internet Showing?
Today, your first “showing” will be on the Internet - you're watching this on the Internet, right?
Your price, listing description and PHOTOS determine whether someone will visit in person. Consider professional staging advice or help.
Prep for photos and vi...
How Should I Prepare The Outside For An Open House?
Professional “staging” may include the exterior, but if you’re doing it all yourself, try the five things outlined in this video.
1 - Landscape & lawn.
That’s the first impression; make it a good one.
Mow, prune, edge and get rid of j...
How Should I Prepare The Inside For An Open House?
For many homes and markets, professional help from someone in “staging” makes good financial sense. Like this video say, check your staging options first.
If you are doing it yourself, here are 5 key tips.
One - Depersonalize.
You want the...
Which Square Footage Figure Should I Use?
Home size is one of the key figures used in comparisons.
But you may have different measurements to choose from, as you'll learn in this video, including builder, appraiser, tax records and possibly owner records.
Which one is right, and which one is best?
The...
6 Selling Mistakes
If you’re selling, don’t do these things - take some notes from the video!
1. Don’t Sell Before The House Is Ready.
If it doesn’t present well, it won’t sell well.
2. Don’t Over-Improve
People buy houses in neighborho...
What Is An Appraisal?
Every house is unique; appraisers are trained and licensed for expertise in putting a value on properties.
Appraisers don’t work for the buyer or the seller; their primary mission is actually to protect the lender who’s risking money against the home’s value....
What Does The Closing Process Involve When I Sell?
As this video explains, a signed sales contract doesn’t mean your house is sold. There are still financial, contractual and legal steps for both sides.
The buyer has to get financing to meet the contract terms - which includes credit checks.
The property is insp...