Tuesday Dec 14, 2021
Loan Documents Explained
All those loan documents you're receiving can seem super overwhelming! So, here's some insider knowledge to elaborate on what the documents are, and simplify what they all mean! You need to know these things - it's not complicated.
- How much do I need to spend per month?
- How much do I need to bring to the closing table?
- A fee worksheet is a very first thing you will get from a lender or potential lender. Go through it line by line to really understand and get comfortable.
The fee worksheet is not regulated - depending on the lender, you'll want to ask a lot of questions.
Then you move on to a loan estimate which IS regulated. The fees can only go down, they cannot go up.
Nothing the lender controls can change, except in your favor.
Get all the details in this episode. Subscribe to Nicole's Youtube channel to get all the guides through every step in the process of buying, selling and refinancing your home.
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