November 2015

20 Nov 2015

Buyers Need to Understand Timing

After nearly two months of originating TRID loans under the new regulations, one thing is very clear. Buyers must understand and respect the timing and deadlines involved. Here are some key dates buyers need to keep in mind: Application Date. Submitting your mortgage application as early as possible in the home-buying process is more important than ever. Also important is gathering the documents required to apply. Closing Date. This is the date agreed upon by the buyer and seller for closing. When working with your lender, make sure your loan is clear to close (no other conditions required) at least one week before this date to ensure a smooth closing. Appraisal Received Date. The lender will let you know when your appraisal has been...
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