Albritton Title, Inc
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What Does Ability To Repay Mean?
http://bucket.wistia.com/medias/8xqb57ec5m?embedType=async&videoFoam=true&videoWidth=640 What are the “Ability to repay” rules about? In a nutshell, as this video shows, new laws require lenders to make a good-faith assessment of a borrower’s capacity...
What Is The Debt-To-Income Ratio (DTI)?
http://bucket.wistia.com/medias/om08sg186c?embedType=async&videoFoam=true&videoWidth=640 Measuring your existing debts against your existing income is one part of a lender’s required assessment of your ability to repay a loan. Like the video says:...
When Do I Get My Loan Closing Disclosure?
http://bucket.wistia.com/medias/itqxbawb9d?embedType=async&videoFoam=true&videoWidth=640 If an eligible loan proceeds from Estimate to closing, creditors must provide a Closing Disclosure form documenting the actual transaction terms and costs THREE business...
Understanding Your Loan: Additional Information Can Be Important
http://bucket.wistia.com/medias/rs5roqlz2o?embedType=async&videoFoam=true&videoWidth=640 Page 4 of your Closing Disclosure is important. It is NOT just standardized form information that is identical for every loan. Review these terms: Assumption: can this...
Understanding Your Loan: Closing Disclosure Page 1
http://bucket.wistia.com/medias/gf4bu43vqo?embedType=async&videoFoam=true&videoWidth=640 The first page of your Closing Disclosure documents: The Loan Amount - the total you will actually borrow The Interest Rate - which does NOT include the fees factored into...
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