What Makes Up Closing Costs?

by mcgeheeloanclosings | Jan 13, 2014 | Title and Closing | 0 Comments

What you’ll see in this video is, there may be closing costs customary or unique to a certain locality but closing costs are usually made up of the following: Attorney’s or escrow fees (Yours and your lender’s if applicable) Property taxes (to cover...

What Should I Look Out For During The Final Walk-Through?

by mcgeheeloanclosings | Jan 13, 2014 | Selecting: | 0 Comments

Well, as this story shows, this will likely be the first opportunity to examine the house without furniture giving you a clear view of everything. Check the walls and ceilings carefully as well as any work the seller agreed to do in response to the inspection....

What Responsibilities Do I Have During The Lending Process?

by mcgeheeloanclosings | Jan 13, 2014 | Financing: | 0 Comments

To ensure you won’t fall victim to loan fraud, as you’ll see in this video, be sure to follow all of these steps as you apply for a loan: Be sure to read and understand everything before you sign. Refuse to sign any blank documents. Do not buy property...

What Is RESPA?

by mcgeheeloanclosings | Jan 13, 2014 | Financing: | 0 Comments

RESPA stands for the Federal Real Estate Settlement Procedures Act. This video tells you about it all. RESPA requires lenders to disclose information to potential customers throughout the mortgage process. By doing so, it protects borrowers from abuses by...

What Costs or Fees Are Associated With Loan Origination?

by mcgeheeloanclosings | Jan 13, 2014 | Financing: | 0 Comments

Yes, loan origination involves costs and fees. As you’ll see in the video, when you turn in your application you’ll be required to pay a loan application fee to cover the costs of underwriting the loan. This fee pays for the home appraisal a copy of your...

How Do I Choose The Best Loan Program For Me?

by mcgeheeloanclosings | Jan 13, 2014 | Financing: | 0 Comments

The video puts this in more visual terms, but your personal situation will determine the best kind of loan for you. By asking yourself a few questions, you can help narrow your search among the many options available and discover which loan suits you best. Do...