May 9, 2022

Published by known at May 9, 2022

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When do we schedule the closing?

WHEN DO WE SCHEDULE THE CLOSING? We schedule the closing once your lender issues a clear to close. If you are purchasing with cash, we usually […]

May 9, 2022

Published by known at May 9, 2022

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What is TRID?

WHAT IS TRID? TRID is a new lending regulation that took effect in October 2015 and it mandates disclosure of closing fees to buyers at least […]

May 9, 2022

Published by known at May 9, 2022

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WHAT IS THE CLOSING DISCLOSURE? It is a breakdown of all the fees you are charged at the closing.

May 9, 2022

Published by known at May 9, 2022

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CAN I CHANGE MY LENDER IF I AM UNHAPPY WITH THEM? Yes, but it may delay the closing depending on when you change, and the sellers […]

May 9, 2022

Published by known at May 9, 2022

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WHAT IF I DO NOT HAVE A CLEAR TO CLOSE BY MY MORTGAGE CONTINGENCY DATE? First, you need to put pressure on your lender to meet […]

May 9, 2022

Published by known at May 9, 2022

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WHAT IS THE MORTGAGE CONTINGENCY DATE? This is the final date, as stated in your contract, for your lender to issue a clear to close.

May 9, 2022

Published by known at May 9, 2022

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WHAT IS THE CLEAR TO CLOSE DATE? This term is used by lenders and lawyers and refers to your lender’s unconditional promise to give you a […]

May 9, 2022

Published by known at May 9, 2022

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WHAT IS THE MORTGAGE CONTINGENCY? This is one of the most important portions of your contract. It is what allows you to cancel the contract in […]

May 9, 2022

Published by known at May 9, 2022

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WHAT IF THE HOME APPRAISES FOR MORE THAN THE PURCHASE PRICE? Great! You do not need to pay more for the house, nor do you need […]