What date do initial disclosures need to be signed for a residential loan application?
813190
Most of the disclosures are required to be signed within 3 business days of application.  The Good-Faith Estimate, Truth in Lending, Servicing disclosure, etc... would fall under these rules.\n\nIt's possible that some state-specific forms are required at time of application, though.
637299
Dear Lender,\n\nI would like to request a ________ month/year loan for $X, the purpose of which is to ___________________. For collateral, which will have a value of at least 125% of the loan, I am prepared to grant a security interest in the following property:\n\nThis loan will be repaid from _____________________.  I look forward to discussions with you regarding this request.
1054736
Format this for your form, it should do the trick:\n\nCredit Release Authorization\nBy my/our signature below, I/we give our authorization to the requestor of this report to access our\ncredit history through the national credit bureaus and/or my creditors, verify my criminal background,\nverify bank accounts, current/past landlords and employers. I/we hold the requestor harmless for any\ninformation shown on my/our report and any action taken based on that information. Any copies or fax\ntransmissions of this document shall be accepted without prejudice as an original.\n____________________________________________________________________________________\nApplicant Signature and Date Date of Birth\n____________________________________________________________________________________\nPrint Applicants Full Name Social Security Number\n____________________________________________________________________________________\nComplete Address\n____________________________________________________________________________________\nApplicant Signature and Date Date of Birth\n____________________________________________________________________________________\nPrint Applicants Full Name Social Security Number\n____________________________________________________________________________________\nComplete Address\n____________________________________________________________________________________\nRequestor (sign and print name)
1167428
in some cases you may be committing fraud if you claim a house is a primary residence and then immediately rent it out. Laws very by state but you will usually have to occupy the home for between 6months-2 years for it to be considered a primary residence.
1109749
http://www.lendermark.com/i_want_to_buy_my_first_home_564.htm
408639
This depends on a number of factors. First your pre-approval was determined on the state of your credit report at this time. You approval depends on your debt/income ratio and your credit history. It takes into account how many cards you currently have an obligation to repay. Often creditors like to see you having cards and how well you handle them, but too many obligations could scare them off. If you are simple consolidating into one loan, without adding to your overall debt to income ratio, then I see no reason this should harm you. If you are considering taking out more credit, then it would hurt you.\n\nHowever, if you could wait until escrowww closes, I think this would be a safer option. Usually it takes 30 days to close escro on a home purchase. I would get out there and find the house I wanted and close escro, then consolidate cards and other debt into one loan. I think it would also be easier to do so when you have purchased a home. It is always in your best interest credit wise to own rather than rent. When you own you are creating more assets in the form of equity. Lenders like to see your overall financial state and building equity is rather like money in the bank. \n\nI suggest you seek out a financial adviser, pay the fee for a professional opinion and not rely on what is written here.\n\nI wish you all the best life has to offer.
1036083
It depends what you're trying to do.  For loans (car, home, bank) or mortgages, there's a standard form that's similar to the one linked below, the 1005 (each bank will have their own version, but it has the same general info).  This form will be sent to the employer(s) from the bank making the loan and will require the employer(s) to fax and/or mail back directly to the bank.  The employee will not receive a copy, but the employee does have to sign a waiver releasing the employer(s) to provide the info.  http://www.efanniemae.com/sf/formsdocs/forms/pdf/sellingtrans/1005.pdf\n\nFor general employment background (like an employer verifying past employment for a candidate), usually the recruiter will just call and do it over the phone, or make up a short form and fax to the other companies.  The application should have a clause releasing all parties of liability that the employee signs.  Employers do not have to verify the wage if they don't want to.
1134005
It's not a stupid question. In fact, your daughter's school is probably getting a constant stream of similar questions, which may be why they couldn't answer your call (it may be summer for the students, but it's quite busy for us).\n\nThe school that offered you the loans will probably already have a process in place that they want you to follow. Feel free to do some research, but don't go contacting lenders just yet.  Most schools wil have a list of several "preferred" lenders that they work with (some schools, in fact, work exclusively with one lender). Generally, by forming relationships with these lenders, schools are able to negotiate top-notch borrower benefits (interest rate breaks, reduced/eliminated fees, repayment incentives, etc.) *and* arrange faster processing for themselves so that you get your money on schedule. So, unless you have a really good reason for wanting to work with another company, stick to the school's list.\n\nDid your daughter sign her award letter to let the school know she wanted the loans?  At many schools, loan processes are school-initiated, meaning that once the student accepts the loan, the school will "originate" the loan (transmitting your information to a loan servicer or guarantor and informing them of your loan amount).  This will take care most of the process and only require that you (a) select a lender and (b) sign a Master Promissory Note.\n\nTruth be told, if your daughter is starting in September, it is a bit early in the season for loan processing.  Your school will probably notify you (in the coming month or so) when they need you to complete paperwork.
93556
Typically you would just disclose that you are a licensed real estate agent acting for your own account, and plainly state that information in the offer.  However, you should check with your state's real estate commission for any specific requirements.
68960
Maybe.\n\nWhat lenders want is assurance that you can pay back the loan as agreed.  So, a lot will depend on\n\n1.  Income Tax filing for the last 3 years\n2.  Pay Check Stubs for the past 3 months\n3.  Longevity of employment\n4.  Debt / Income ratio\n\nYes, the credit report carries weight, for it says something about your debt load, and your payment performance in the past.  But, it's not the only thing that matters.\n\nMy advice is this.  Contact a real estate agent who has contact with many lenders.
653297
If you have all of your paper work (certified copy of your birth certificate is important, info for direct deposit is also important) then 2 or 3 months is okay.
943752
I would suggest digging out all of your loan documents (as much as you have from the time you started working with the broker through closing) and consulting with a real estate attorney to see what their opinion is. Though the laws vary from state to state, there are federal truth-in-lending requirements that all lenders must fulfill. Below are a couple of quickie links for you, one for the FDIC's Consumer Protection Act (also know as the "Truth-In-Lending Act") and the second shows a quick chart as to current state laws regarding common predatory lending practices. \n\nI really hope this works out well for you. Good luck!
1001529
There are many lenders that offer this. I can have an approval in 2 days. What state are you in? \nhttp://www.lendermark.com
339941
There are loans available that allow you to purchase a home with no disclosure of employment or income.  You usually have to have good credit to this type of financing.\n\nAlso, be sure to discuss options with the builder regarding who will do the interim financing during construction.  If you cannot verify income at the start of construction, the builder may take the construction loan, and you could get the permanent financing loan after the house is built.
260226
It depends upon the contract. If there was an agreement to make it effective upon the date of filing, then it's on the date of filing. If there was no mention of the date of effectivity in the contract, as a general rule, it should be effective on the date of signing.
1129551
I agree with the above poster. If you credit is good, you have other verifiable income you may be able to stay with the same lender; if your up front and honest. Just prior to funding the loan the funder is going to call your employer to verify your still there. Guess what happens when she finds out your gone? Loan dies and now your already at your closing date.\n\nIf you have a month to go before closing you have lots of time to find a solution. If your credit is as good as you say you may be able to go no doc (no income, no assets, no employment) or a no employment verification only but with verified assets etc...\n\nBe up front and honest and you should be ok.\n\nIf you would like to discuss some alternatives to your situation drop me a line.\n\nKevin 866-562-6838 x 106\nkruorock@firstratelending.com\nwww.firstratelending.com
902823
It's probably a lot of stupid stuff they will make you explain, like a late payment, a gap in employment, that sort of thing.  First-time homebuyers have to jump through hoops for financing.  The best thing is, if you execute it perfectly for the next several years, the very next mortgage you apply for will happen almost effortlessly.