Cash-To-Close Mortgage Guidelines On Verified Funds

Cash-To-Close Mortgage Guidelines On Verified Funds. Amy Smith Mortgage How to find the best Loan Officer

Cash-To-Close Mortgage Guidelines On Verified Funds video duration 1 Minute(s) 38 Second(s), published by Gustan Cho Associates on 29 03 2019 - 23:12:19.

Understanding the mortgage process is imperative for home buyers
This holds especially true to first time home buyers Many home buyers are often confused Steps In Mortgage Pre-Approval Process Leading To Home Closing * Understanding the mortgage process can seem overwhelming to those who are not .

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Understanding the mortgage process is imperative for home buyers.

This holds especially true to first time home buyers
Many home buyers are often confused with closing costs versus cash-to-close
They also get confused on the Loan Estimate versus Closing Disclosure
The mortgage process does not need to be stressful if borrowers understand the various steps of the mortgage process
It is the loan officer’s responsibility to educate their borrowers of the overall loan process in the very beginning
Failure to communicate with the borrowers is one of the biggest reasons for customer complaints in the mortgage business
If important information is not being conveyed to borrowers by their loan officers, the ending result can be major disappointment or borrowers walking away from the deal
Although the home buying process may be an enjoyable one and a great time for families, it is also stressful due to financial considerations
Mortgage terms like cash-to-close, verified funds, pricing adjustments, mortgage locks, DTI, LTV, may be used daily by mortgage professionals but to most borrowers, it may sound Latin. It is the loan officers job to make sure that borrowers understand the basic terms, its meanings, it importance, and how it applies to them. Never assume that borrowers know it.

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