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Understanding Your
Disclosures Disclosures are documents
that allow you to compare and estimate your loan closing costs. They consist of
two documents, the Truth-In-Lending and Good
Faith Estimate. The Federal government
requires that every loan customer receive these documents in a specific format.
You will receive your disclosures within a few days from the receipt of your
application at the mortgage lender. These documents are purely
for informational purposes. Feel free to review them but keep in mind you do not
have to sign and return them to the lender. You will continue to see updates of
these documents throughout the loan process. You may also receive a copy of the
estimate from the lender you select as well. Because many people find
understanding their Truth-In-Lending and Good Faith Estimate to be confusing, we
have provided sample versions of these documents along with explanations of the
areas that we have found are most important for our customers. If you have any
further questions after reviewing our explanations, please contact The
Randy Durham Team.
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Send
mail to randy@randydurham.com
with questions, comments or requests for info. Copyright © 1999-2008 Randy Durham ,LLC
Licensed in TN & GA (423) 664-1900
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