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Mortgage Professor about closing: 
Mortgage Closing Date: Does it Matter?
September 19, 2001, Revised December 17, 2003, Revised August 2, 2004 "We purchased a home that should be completed in late July.   A friend said that it would it be advantageous to close in early August as ... more...

Does the Good Faith Estimate Help?
January 7, 2002 "I am working with a mortgage broker who gave me a document called ?Good Faith Estimate?.  It shows the interest rate, term, loan amount and a listing of all the charges I will pay at closing: loan-related charges, title charges, everything.  It looks to me as ... more...

closing related definitions

Closing Costs
Closing Costs Expenses incurred by the buyer and seller in a real estate or mortgage transaction. There are two types of costs: recurring and non recurring. Non-recurring costs are one time transactional costs ... more...

Settlement Costs, Closing Costs
Settlement Costs, Closing Costs Expenses incurred by the buyer and seller in a real estate or mortgage transaction. There are two types of costs: recurring and non recurring. Non-recurring costs are one time ... more...

More about closing

Get Free closing Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Rate Locks And How They Work
Remember, rates change all the time, and it can be one or two months between the time you apply for a loan and when your sale closes... and rates can have jumped in that time.A lock commits the lender to lend at a specified interest rate and points, provided the loan is closed within the specified ... more...

New Home Buyers Who Represents You?
1)Why Buyers Agents The home buying process is full of traps for the unwary, inexperienced, and even the experienced home buyer. A good Buyers Agent can help you stay on course and avoid the problems. Understand that not all real estate agents are equal, spend some time interviewing agents. ... more...

Mortgage Broker Marketing: Can You Tell The Difference
If you ask a real estate agent, Whats the difference between mortgage brokers? youll consistently hear the same response, Nothing, or Theyre all the same. Yet, when you look closely, there are lots of differences between them.There are mortgage brokers who get 98% of their loans closed on time, and ... more...

Ten Things a Mortgage Processor Must Know to be Effective
From time to time, we hear a story about a processor gone bad. A processor that seemed so knowledgeable early on but now isnt keeping pace and cant seem to get along with anyone. Many unhappy customers, unhappy loan officers, and denied files later, Mr. Broker is forced to seek out a resolution ... more...

Dangerous Liaisons: Tips For Securing Homeowner's Insurance
Whether you are buying a home, selling a home, retiring or relocating homeowners insurance can be a tricky issue. Learning the basics of homeowners insurance is key to completing a smooth real estate transaction. Below are some important tips that can help you secure a homeowners insurance policy ... more...

Real Estate Investing Myths That Steal Profits From Your Pocket
One of the things that distresses us about our industry is the amount of wrong or incomplete information available to investors. Some myths block what otherwise would be a great deal, while others would have you believe that a bad deal is actually great. For example, we encourage purchasing homes ... more...

Escrow From a California Homeowner's Perspective
The Escrow ProcessBoth Buyer and Seller deserve the assurance that no funds or property will change hands until all of the instructions in the Purchase Contract have been satisfied. The Realtor submits Buyers and Sellers signed documents and Buyers deposit money to be held by an independent ... more...

Buying a Business
Start thinking about buying an established business if you want to avoid the immense risks involved in starting one. Not everyone wants to start a business from scratch, and buying a business with the infrastructure in place lets you focus on building it up, as opposed to getting a new business off ... more...

Selling by Owner Escrow or Closing Checklist
Home sellers should keep on top of their pending sale; especially when selling without the assistance of a real estate agent. Sometimes busy real estate agents forget to monitor all aspects of a pending sale.Heres a checklist for home sellers:Selling Escrow ChecklistProperty Address:Date escrow ... more...

Poor Credit Mortgage Refinance Getting Approved
Because of low interest rates, many homeowners are opting to refinance their homes and cash-out at closing. The refinance process is similar to the procedure of obtaining the original mortgage. Homeowners must be approved by a lender and pay fees associated with acquiring a new loan closing cost, ... more...

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