Even after the new regulations imposed by the Truth-In-Lending/RESPA Integrated Disclosure (TRID) rules and disclosure forms implemented in October of 2015, a shockingly large amount of homebuyers still say their final closing costs caught them by surprise. Some are even unaware that closing costs were even required costs associated with their loan. ClosingCorp, a provider… Continue reading Seventeen Percent of Consumers Are Unaware That Mortgages Involve Closing Costs!
Tag: Trusted Lender
SELF-EMPLOYED? Getting A Mortgage Is Not As Hard As You Think!
Call the Lucy lending Team today, to walk you through the process of obtaining financing as a business owner. We take the time to explain everything thoroughly, address additional concerns such as tax implications and get you in the best spot possible to purchase the home of your dreams. Zach and the Lucy Lending Team… Continue reading SELF-EMPLOYED? Getting A Mortgage Is Not As Hard As You Think!
EPMI – Enterprise Paid Mortgage Insurance
Most people are familiar with the term “Borrower Paid Mortgage Insurance”, as well as the option for “Lender Paid Mortgage Insurance”. This past July, Fannie Mae, announced the introduction of an additional mortgage insurance pilot program. The mortgage insurance option is called Enterprise-Paid Mortgage Insurance (EPMI) and allows a lender to deliver an over 80%… Continue reading EPMI – Enterprise Paid Mortgage Insurance