What Is The Debt-To-Income Ratio (DTI)?
http://bucket.wistia.com/medias/2pxrbnoxlh?embedType=async&videoFoam=true&videoWidth=640 Measuring your existing debts against your existing income is one part of a lender’s required assessment of your ability to repay a loan. Like the video says:...
When Do I Get My Loan Closing Disclosure?
http://bucket.wistia.com/medias/jnr7vfqdhm?embedType=async&videoFoam=true&videoWidth=640 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...
Understanding Your Loan: Closing Disclosure Page 1
http://bucket.wistia.com/medias/xnytdwonou?embedType=async&videoFoam=true&videoWidth=640 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...
Understanding Your Loan: Additional Information Can Be Important
http://bucket.wistia.com/medias/625um41clu?embedType=async&videoFoam=true&videoWidth=640 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...
Understanding Your Loan: Cash And Transaction Summaries
http://bucket.wistia.com/medias/liws06nlpt?embedType=async&videoFoam=true&videoWidth=640 Page 3 of your Closing Disclosure will compare cash requirements from your Loan Estimate to your actual final charges. If “Did this change?” is “YES” notes for changed...
Understanding Your Loan: Closing Cost Details
http://bucket.wistia.com/medias/ju3muancz9?embedType=async&videoFoam=true&videoWidth=640 Page 2 of your Closing Disclosure details specific closing costs. Section A includes: Origination charges collected by the lender Origination fees paid to brokers, loan...