Easily Insert Comments from the Mortgage Quote Request

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How to Insert Comments from the Mortgage Quote Request

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hi my name is Dan and Im from build exact if youre watching this video its probably because you got a quote request from someone using your exact as either an email or a text message and it looks something like this this videos going to go through what you need to do to get your quote back to that person Im going to go view quote request here and it will pop up in a new window whether youre doing this on your phone computer or tablet doesnt really matter this first screen is going to tell you you know where the job is when whoever sent it to you is wanting it back by and then who that person is youll also get some info around what the scope of work is so there might be a whole paragraph here depending on how much they wrote and then down further youve got the plans that theyve sent you and they can also send things like takeoffs or extra files so if I open any of these never flick through know theres a download button on the right if you want to save them to your computer or

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What are trigger terms on open end loans?

Triggering terms for open-end loans Statement of when the finance charge begins to accrue, including any free ride period. The periodic rate used to compute finance charge or APR, including stating no interest. The method used to determine the balance on which the finance charge is computed.

What is considered a triggering term?

Definition. A triggering term is a word or phrase that legally requires one or more disclosures when used in advertising. Triggering terms are defined by the Truth in Lending Act (TILA) and are designed to protect consumers from predatory lending practices.

What must be included in comments for a mortgage change?

Change in interest rate, payment, or term. A creditor must disclose the fact that the terms of the legal obligation permit the creditor, after consummation of the transaction, to increase (or decrease) the interest rate, payment, or term of the loan initially disclosed to the consumer.

What is included in a mortgage quote?

The form provides you with important information, including the estimated interest rate, monthly payment, and total closing costs for the loan. The Loan Estimate also gives you information about the estimated costs of taxes and insurance, and how the interest rate and payments may change in the future.

What are trigger terms under Regulation Z?

Triggering terms need not be stated explicitly; additional disclosures are still required if the term may be readily determined from the advertisement. For example, if the advertisement says 80 percent financing available, the statement is indicating a 20 percent down payment is required (a triggering term).

What is the 3 7 3 rule in mortgage?

Timing Requirements The 3/7/3 Rule The initial Truth in Lending Statement must be delivered to the consumer within 3 business days of the receipt of the loan application by the lender. The TILA statement is presumed to be delivered to the consumer 3 business days after it is mailed.

What are examples of trigger terms?

The triggering terms are: The amount of the down payment, expressed either as a percentage or as a dollar amount. The amount of any payment expressed either as a percentage or as a dollar amount. The number of payments. The period of repayment (the total time required to repay). The amount of any finance charge.

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