Delete Page Numbers in the Mortgage Financing Agreement

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Aug 6th, 2022
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How to Delete Page Numbers in the Mortgage Financing Agreement

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if you got an sba e-i-d-o loan and dont have a copy of your loan contract it is very important that you download a copy of your sba e-i-d-o loan documents before may 16th because on may 16th the sba is shutting down the eidl loan online portal so in this video were going to show you step by step how to download your sba e idl loan contract from the online portal okay so thats what were going to talk about in this video hello from freedom tax accounting were an accounting firm where we have been providing quality tax and accounting services now for over 20 years if you are new to this channel we provide strategies for small business owners so they can achieve their financial goals now we are recording this video on may 10 2022 and we always emphasize the date on the recording on any video relating to the ppp or the eid alone because these programs have been constantly changing so there may be things we discuss in this video that can change as soon as tomorrow so thats the importan

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The new TRID rule has very strict requirements as to the delivery of the Closing Disclosure. The Closing Disclosure must be delivered to the borrower at least three business days prior to the consummation of the loan.
If there are changes to the loans APR, changes to the loan product, or a prepayment penalty is added to the loan after the Closing Disclosure has been delivered to the borrower, then the lender must ensure the Closing Disclosure is revised and a new delivery period and waiting period begins.
The Loan Estimate and Closing Disclosure are two forms that youll receive during the homebuying process. The Loan Estimate comes at the beginning, after you apply, while the Closing Disclosure comes at the end, before you sign the final paperwork for your mortgage.
The Closing Disclosure must be delivered to the borrower at least three business days prior to the consummation of the loan.
If the consumer submits the six pieces of information that constitute an application for purposes of the TRID Rule (either alone or with some of the other information and documents that the creditor requires), the creditor must ensure that a Loan Estimate is provided to the consumer within three business days, even
Intent to proceed is only required once and not for subsequent revised Loan Estimates, therefore there is no mandate for changing the initial closing cost expiration date.
A: The Loan Estimate must be given within three business days after application, and the Closing Disclosure must be given three business days before closing.
Generally, a creditor is responsible for ensuring that a Loan Estimate is delivered to a consumer or placed in the mail to the consumer no later than the third business day after receipt of the consumers application for a mortgage loan subject to the TRID Rule.

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