by faxonsettlement | Jun 7, 2017 | New Homes
Interest Rates change daily, some factors include; unpredictable combination of government policies and economic conditions. This video explains the common term ‘rate lock.’ A “Rate Lock” is a guarantee that a lender will honor a specific...
by faxonsettlement | Jun 7, 2017 | VA Loans:
The Certificate of Eligibility OR COE is the verification piece for a VA Loan. The COE is the key document that verifies to lenders that someone is eligible for a VA-backed loan. Servicemembers, Veterans and National Guard and Reserve members may apply online...
by faxonsettlement | Jun 7, 2017 | VA Loans:
Most Common Types Of VA Loans? Major Veterans Affairs loan programs described in this video include: 1) Purchase Loans. These help eligible parties buy a home at competitive interest rates with little to no down payment and little or no private mortgage...
by faxonsettlement | Jun 7, 2017 | VA Loans:
What is a VA Loan and who qualifies? As the video says, the name is misleading – they’re not loans FROM the VA. The VA – short for “US Department of Veterans Affairs” – is the Federal military veteran benefit system. The VA administers...
by faxonsettlement | Jun 7, 2017 | TRID
If an eligible loan proceeds from Estimate to closing, lenders 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...
