Florida Mortgage Blog

Understanding the Fees of Your Loan

January 31st, 2013 7:50 PM by Preston Ware

I am going to start increasing the frequency of my posts with video because today I realized I have a lot of old videos that might be helpful. Here is one I did about two years ago, so the rate is higher but the message is the same.

The Old Good faith Estimate became the new Items Fee Disclosure but there is more protection to the borrower thanks to the Dodd-Frank law.

Here is the same story on Trulia which is where I also keep many blogs and customer recomendations. Understanding your Good Faith Estimate 



The best part about the changes is that we are given strict tolerances as to what we quote and what shows up on your closing statement at the end of the process.



Posted in:General
Posted by Preston Ware on January 31st, 2013 7:50 PM


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