Information That Lake Lanier Home Buyers Need To Know About The New Mortgage Disclosure Forms And Timelines!

As of October 3, 2015, the Consumer Finance Protection Bureau (CFPB) changed the forms and timelines surrounding most transactions where buyers finance a home purchase with a mortgage. These changes are designed to ensure that you completely understand the terms of your loan options and are able to choose the deal that is best for your particular situation.  With that in mind, our partners at HomeServices Lending and our in-house loan officer Ben Miller have created the following flyer which explains the changes that are now in place, and what you should be aware of when you apply for a mortgage.  This flyer addresses the following topics regarding your loan approval process:

1. What forms will change?
2. How will I receive these forms?
3. How are the timelines changing?
4. What changes will cause a new 3-business-day review period?
5. Can I waive the 3-business-day review period?
6. What can I do to prevent a delay in my closing date?
7. Contact information for more details on the change. 

Here's a look at the flyer that provides further details!

HomeServices Lending TRID Flyer

Lake Sidney Lanier Homes is the most comprehensive online source for information on Lake Lanier homes for sale and Lake Lanier area real estate. View the latest Lake Lanier home listings, foreclosures, lots, land, sales trends and real estate topics on Lake Lanier. Arthur Prescott is an Accredited Buyer's Representative and Certified Residential Specialist with Berkshire Hathaway HomeServices Georgia Properties. He has over a decade of Lake Lanier real estate experience. If you would like to schedule a free buyer or seller consultation, please feel free to contact us directly at www.LakeSidneyLanierHomes.com or 678-513-2014 or email us at Arthur.Prescott@BHHSGeorgia.com.

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