Understanding Your Loan: Cash And Transaction Summaries

by | Jun 24, 2015 | TRID

Page 3 of your Closing Disclosure will compare cash requirements from your Loan Estimate to your actual final charges. If “Did this change?” is “YES” notes for changed sections should be provided. The bottom line final “Cash to Close” is the money you will need in-hand in three business days. If your transaction has a Seller the summary table will show a line by line comparison of Borrower to Seller transaction details. If there is no Seller you may see a Payoffs and Payments table instead. Review the summary tables to understand the transaction and your financial commitments at loan consummation.
TitleTap

TitleTap

TitleTap provides turn-key websites and marketing tools like Video, Social Media Management, and Email Marketing for Title Agents and Real Estate Attorneys. Get more great marketing tips like this specifically relevant to Real Estate, Title Insurance, Mortgage Lending, and Law by subscribing or visiting our blog above.
TitleTap

Latest posts by TitleTap (see all)

Related Posts

What Do Lenders Have To Tell You About Your Real Estate Loan?

About Latest Posts TitleTapTitleTap provides turn-key websites and marketing tools like Video, Social Media Management, and Email Marketing for Title Agents and Real Estate Attorneys.

When Do I Get My Loan Closing Disclosure?

About Latest Posts TitleTapTitleTap provides turn-key websites and marketing tools like Video, Social Media Management, and Email Marketing for Title Agents and Real Estate Attorneys.

Calculating Your Cash To Close

About Latest Posts TitleTapTitleTap provides turn-key websites and marketing tools like Video, Social Media Management, and Email Marketing for Title Agents and Real Estate Attorneys.

Don't Go At It Alone. Download The Free PDF!"10 Uncommon Questions to Ask Before Hiring a Web Designer"

All websites are not created equal! Download a free PDF with all of the questions you need answered BEFORE hiring a web designer.

Download Now