Once you move into your new home, you will want to make sure that you do nothing that could result in the loss of your home. Make all payments on time If you are having a dispute with the servicer, do not stop making your full payment each month. If you do not make your …
Servicing information and errors If you have a question any time during the life of your loan, or if you believe your servicer has made an error, you can send the company a written request for information or notice of an error, as explained below. The company is required to respond to you. For more …
What To Do if You Have Questions about Your Loan Read More »
After settlement, federal law requires that you be given disclosures concerning the servicing of your loan and any escrow account and that you receive a written mortgage statement each billing cycle. You also have certain protections in regard to the timely payment of your taxes and insurance. Servicing and escrow disclosure statements The company that …
You have determined what you can afford, shopped for the best loan for your needs, and found the right house. After all the hard work, it is time to go to settlement, but don’t forget to bring your GFEto compare with the charges listed on the HUD-1 Settlement Statement (HUD-1). It is a good idea …
Good Faith Estimate vs Settlement Statement (HUD-1) Read More »
The perception the general public has regarding loan qualifying has been a bit skewed in the past few years. Securing a mortgage approval and meeting the underwriting guidelines is not the main difficulty for borrowers these days. The real challenge is satisfying all the tedious documentation requirements for whatever loan program they are qualifying for. …
