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New Mortgage Closing Guidelines Explained

Mortgage closing

The CFPB (Consumer Financial Protection Bureau) is an agency that sole responsibility is to protect consumers as it relates to financial transactions while enforcing TRID (Truth in Lending Act/Real Estate Settlement Procedures Act (RESPA) Integrated Disclosures. There are two new documents that a consumer will receive after applying for a home mortgage; LE- Loan Estimate and CD- Closing Estimate. Below is a brief description of each and the documents they are replacing.

Why Finding Loans for Rental Property Can Be a Difficult Task and Things You Can Do If Denied

Rental Property Loan

After between 2011 and 2012, many real estate investors started picking up rental properties with their own cash. Those who had primarily focused on purchases for quick resale leading up to 2011, began to shift focus. Once competition among “flippers” spiked in many U.S. markets, demand increased in the buy and hold category.

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