Financing Changes Coming October 3rd

Do you know about the financing changes that are coming on October 3rd?  Here are some Highlights to keep better informed: New Loan Estimate Document Created Replaces the Good Faith Estimate (GFE) and initial Truth-in-Lending (initial TIL) disclosure. The new form provides clearer information so that consumers understand the loan terms and estimates of loan and closing costs and to facilitate comparison shopping. The Loan Estimate must be provided to consumers within three business days after submission of loan application. New Closing Disclosure Document … [Read more...]