mortgage loans: Important TRID Answers You Will NOT Believe & Realtors Should Know!
- 09/19/15 10:30 PM
For most real estate professionals, TRID is the least understood big regulation in history probably and it starts October 3, 2015!Can a lender, settlement agent, or mortgage broker provide a real estate agent a copy of a buyer’s Closing Disclosure? Believe it or not, the answer is NO! TILA/RESPA rule clearly states that the settlement agent, creditor, or broker CANNOT give a copy of the Closing Disclosure to the Real Estate agent. Only the borrower can give the agent a copy. The reason is there is non-public information on the disclosure.
Who is responsible for providing the seller’s copy of the disclosure to the sellers?As a … (1 comments)
mortgage loans: Columbus and Brunswick County Realtors Receive NC Housing Training
- 09/15/15 04:17 AM
This past week local real estate agents attended a 4 hour continuing education class to help bring awareness of the NC Housing Finance Agency’s mortgage products which help homebuyers purchase with low to no out of pocket and an income tax credit up to $2000 per year. Team Move with OVM Financial invited Jane Buchholz with NC Housing to present the class to Columbus and Brunswick County’s Realtors in order to provide useful education that will help the Realtors spread the word to their buyers. The Whiteville Chamber of Commerce & Tourism also provided their conference room & facilities as the location for the class in … (0 comments)
mortgage loans: Realtors receive 4 hour CE to help North Carolina buyers
- 09/15/15 03:23 AM
Lumberton, NC. This past week local real estate agents attended a 4 hour continuing education class to help bring awareness of the NC Housing Finance Agency’s mortgage products which help homebuyers purchase with low to no out of pocket and receive an income tax credit up to $2000 per year. Team Move members, Sylvia Nance and Russell Smith, with OVM Financial invited Jane Buchholz with NC Housing to present the class to the Lumberton Board of Realtors in order to provide useful education that will help the Realtors spread the word of helpful mortgage products to their buyers across Robeson, Cumberland, & surrounding counties. The event … (2 comments)
mortgage loans: Buying Your First Home? Get $15,000 Down Payment Assistance
- 09/05/15 04:13 AM
If you are a first time buyer purchasing a home in Cabarrus, Cumberland, Guilford, Johnston, or Mecklenburg Counties NC, you may be eligible for $15,000 in down payment assistance with 0% interest, no required payments, and it is forgiven after just 5 years!Most of the time when you hear something like this, it is too good to be true. In this case, it is True! There is a limited availability to the first 1,000 loans so see the details below and take advantage now. The special $15,000 down payment assistance is funded through the U.S. Department of the Treasury’s Hardest Hit Fund. … (3 comments)
mortgage loans: You just killed your mortgage approval at the last hour!
- 08/16/15 12:36 AM
Some of these circumstances you may think are obvious and others just don’t seem right, But they can kill your mortgage loan potentially at the very last hour. When buying a home, the best advice we can tell you is to be very boring and “Steady Eddie” before and during the mortgage process. In a perfect scenario, lenders love to see long tenures on the same job and with the same employer, credit accounts opened a long time, little moving of assets between accounts, and no credit inquiries. Some of these items may not deny a loan but it could at least cause delays … (7 comments)
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Russell Smith
Loan Officer Communication & Execution You Deserve
For most real estate professionals, TRID is the least understood big regulation in history probably and it starts October 3, 2015!Can a lender, settlement agent, or mortgage broker provide a real estate agent a copy of a buyer’s Closing Disclosure? Believe it or not, the answer is NO!
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