(Video) August 1st, 2015 new government regulations will give home sellers fits as the old Truth in Lending disclosure, HUD-1 and 2010 Good Faith Estimate are going away for a new closing disclosure and and new closing estimate statement. While the new forms will probably be more straight forward and easier to understand, the devil […]
(Video Blog) GFE 2010 Simi Valley Borrowers Understanding the Good Faith Estimate
If you’re a Simi Valley borrower either purchasing a home or refinancing, you’ll encounter the new good faith estimate which is required to be given to you as an explanation and disclosure of the terms of your loan and the costs of your loan. This updated form has been required since the middle of January […]
New RESPA Regulations to help drive out Bait & Switch Artists of the Morgage Industry
RESPA changes enacted January 16, 2010 will benefit Simi Valley home buyers and help them understand the costs of their financing on the new good faith estimate (GFE) and HUD-1 settlement statements. When shopping for a loan, the mortgage broker must give a good faith estimate to the client that outlines the costs of the […]