Summary

Have you ever thought you had a good loan only to sit down to sign your closing documents and realized the fees or rate were significantly higher than you expected? That doesn’t happen by accident. It’s by design. In today’s show, David and Christian break down exactly how this happens, how you can avoid it, and how to read a loan estimate. This is definitely a show you won’t want to miss. If you’re listening on apple or Spotify, considering looking it up on YouTube where you can see the screen shared and follow along. Be sure to listen all the way to the end where two additional scams to rip off borrowers are shared. This episode is so good you’ll want to share it with others, download now!

Chapters

00:00 Introduction to Loan Estimates

02:56 Understanding Loan Costs and Fees

05:54 Exploring VA Loans and Their Benefits

08:53 Breaking Down the Loan Estimate Structure

11:53 Closing Costs and Cash to Close Explained

15:14 Navigating Third-Party Fees and Charges

17:45 The Importance of Transparency in Lending

21:06 Understanding Escrow Accounts and Payments

24:12 The Role of Lender Credits and Rate Structures

27:09 Common Pitfalls in Mortgage Lending

29:53 Final Thoughts and Resources

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