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Know about very first and closure disclosures and more

Know about very first and closure disclosures and more

You applied for financing that have Independence Mortgage to acquire or re-finance a house. What takes place next? Here’s what we provide from our mortgage app process. We’re purchased making it as simple as possible!

Step 1: Buy the https://paydayloanalabama.com/tallassee/ form of beginning to have disclosures

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Once you submit the mortgage application, the initial thing we shall manage is actually query consent to send your financial data electronically that you’ll indication digitally as well. (I name that it E-Concur.) We are going to do this from the delivering you a contact which have an effective sign on connect. You might receive their disclosures electronically otherwise thru U.S. Send.

2: Read and sign the Initially Home loan Disclosures

Next, we’re going to ask you to opinion your own very first loan records. This type of documents include your loan Estimate, which will show facts including:

  • Mortgage name and type
  • Loan amount
  • Interest rate
  • Estimated total payment
  • Estimated settlement costs
  • Projected cash to close off

Excite remark and signal all the expected records on time so we can also be proceed together with your financing. Read more