Closing Disclosures with Mortgage Mark

Closing Disclosure

The Closing Disclosure (aka “the CD”) is what you will sign at Closing. (Note: in October 2015 the Closing Disclosure statement replaced the old HUD-1 Settlement Statement). The CD was designed to include all the financing details of the loan and was made to look nearly identical to the Loan Estimate (LE) that was sent […]

Three Day Waiting Period For Refinances With Top Mortgage Lender in Dallas

Three Day Waiting Period For Refinances

Three Day Waiting Period For Refinances There is a mandatory three day waiting period after closing before a refinance home loan can fund. These three days do not include Sundays or Federal holidays and are only applicable to refinances on primary homes. In other words, refinances on vacation homes and investment properties do not have this waiting […]

Mortgage Mark and The Pfeiffer Team, Best Lender in Dallas Texas

Meet The Team

The old mantra of “it takes a village” holds true in the mortgage business and the outline below is to help you understand each team member’s role during the process. Be sure to also check out our Loan Process Overview which details each stage of a loan’s life. Pages with a  are considered mandatory reading.   BOSS MAN   […]

After Closing A Home Loan

What to Expect After Closing on a Home Loan

After closing a home loan with the best mortgage lender in Dallas (#humble, #SEO) there are still some “to do” items to save you time and money. Therefore, we’ve compiled a helpful list since we want to be your top recommended mortgage broker in Dallas. Our recommendation is to set appointments with yourself on your calendar […]

Funding On A Mortgage Home Loan With Best Realtor in Dalals, Texas 200

Funding

Funding on a mortgage home loan is the final stage in the home buying process. However, there are a few things you need to know about it and what’s required before a loan is finalized. Once the closing documents have been signed by all parties (i.e. you and the sellers), the title company sends the necessary documents […]

Closing On A Mortgage Home Loan Top Mortgage Broker near Dallas Texas 200

Closing Details

Congratulations on getting this far in the Loan Process: closing is near {insert high-pitched excitement squeal here}. Below are the details of what you need to know for when you show up to sign your closing documents. Please review these items carefully as there are “pitfalls” that can potentially delay closing if you’re not careful. Obviously […]

Power Of Attorney When Purchasing A Home in Dallas Texas

Power Of Attorney

Power Of Attorney When using a Power of Attorney (POA) for a mortgage home loan there are very specific actions that need to be taken. A POA must be for the purposes of the loan and must be property specific. The title company can assist with drafting the Power of Attorney and the costs are typically $150 to $200. An executed […]

Pre Closing Best Mortgage Originator Dallas Texas

Initial Underwriting Approval

Congratulations ~ your loan is approved and closing is coming soon! At this point we cannot change any details of your financing without causing a delay, AND we’re assuming you haven’t done any of the “don’ts” covered in our Do’s and Don’ts. The Processor will be reaching out to you via email if any additional […]

Home Buying Process Overview with Best Realtor in Plano

Loan Process Overview

Home loan process in Texas The following is an overview of the home loan process when purchasing a home. The process begins once the loan details (such as program, rate, costs, etc.) have been finalized and a contract has been executed and provided to us. Don’t delay as there are only 20 working days in […]