When you are purchasing a property with a loan, here are some key points to consider to help keep your closing on track: Marital status. To ensure that your closing documents are prepared accurately, notify your lender and title company if your marital status changes. Credit. Changes to your credit report, such as incurring unnecessary… Read More »
CFBP shares that their mortgage initiative, Know Before You Owe, is designed to help consumers understand their loan options, shop for the mortgage that’s best for them, and avoid costly surprises at the closing table. As part of this initiative, industry rules and regulations known as TRID were implemented in October of 2015. Since that… Read More »
After you’ve selected your home, made your offer, and are waiting for the next steps, here are some important reminders to ensure your loan will continue to progress smoothly: Continue working at the job shown on your loan application. Wait to make any large purchases until after the deal is done. (No new cars, furniture,… Read More »
If you want to purchase a home and plan to get a mortgage loan, your first step is to meet with a loan officer. A good loan officer or mortgage broker will work with you to help you determine how much home you can afford. To get the most out of this meeting, it… Read More »