Replace Date to the Home Loan Application

Aug 6th, 2022
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How to Replace Date to the Home Loan Application

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[Music] hey guys uh good afternoon angelo christian financial thank you so much for watching our podcast real estate insider i got a fun one for you today things that you should not tell your mortgage lender when youre getting a home loan and youre saying and youre going to wonder hey why is angelo saying theres things you should actually hide from your mortgage lender no im saying you know when youre getting a home loan you want to be very transparent you want to be honest you dont want to hide anything or be deceitful but obviously when youre buying real estate its a major transaction uh how many guys out there ever tried to buy a home before and youre really taken back or aside by all the questions that your loan officer is asking you know there are some things when youre getting a home loan that you dont want to disclose you dont want to discuss or actually do because you can actually jeopardize the transaction or affect yourself from getting approved for the home loan

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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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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.
While you cant change your payment due date, you can always pay your mortgage early.
The credit bureau will consider you late if your payment is received after 30 days, the moment it is a month over. If there are 31 days in the month that doesnt matter, it needs to be received by within 30 days.
Youll likely have a late charge (specified in your mortgage contract), one of several potential mortgage servicing fees. Late payments can also have a negative impact on your credit score, potentially affecting your ability to qualify for new loans or lines of credit in the future.
The date on which receipt of the borrowers financial information first triggers the federal Truth in Lending disclosure requirements to the borrower in connection with the mortgage loan.
Yes, if your loan is current and you have made your first payment, you may change your due date once during the life of the loan.
Mortgages: Cycle dates and due dates for home loans cant be changed once theyre established at the time of opening. Other loans, leases, or lines of credit: Cycle date changes can only be made once in the life of the loan, lease, or line of credit.

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