Summary
Have you ever thought you had a good loan only to sit down to sign your closing documents and realized the fees or rate were significantly higher than you expected? That doesn’t happen by accident. It’s by design. In today’s show, David and Christian break down exactly how this happens, how you can avoid it, and how to read a loan estimate. This is definitely a show you won’t want to miss. If you’re listening on apple or Spotify, considering looking it up on YouTube where you can see the screen shared and follow along. Be sure to listen all the way to the end where two additional scams to rip off borrowers are shared. This episode is so good you’ll want to share it with others, download now!
Chapters
00:00 Introduction to Loan Estimates
02:56 Understanding Loan Costs and Fees
05:54 Exploring VA Loans and Their Benefits
08:53 Breaking Down the Loan Estimate Structure
11:53 Closing Costs and Cash to Close Explained
15:14 Navigating Third-Party Fees and Charges
17:45 The Importance of Transparency in Lending
21:06 Understanding Escrow Accounts and Payments
24:12 The Role of Lender Credits and Rate Structures
27:09 Common Pitfalls in Mortgage Lending
29:53 Final Thoughts and Resources
Follow David
@DavidGreene
DavidGreene24.com
RealTalkRealEstate.com
Podcast-The David Greene Show
Spotify, Apple Podcasts
Book a session with David:
[email protected]
Ask a Question:
DavidGreene24.com/ask
Find me on the “minnect” app
Real Estate University:
SpartanLeague.com
Join my Free Newsletter:
Davidgreene24.com/textletter
Finance Your Real Estate
TheOneBrokerage.com
Intake@TheOneBrokerage
@theonebrokerage
Free Textletter
DavidGreene24.com/join
STR Management
[email protected]
Investor Retreat
DavidGreene24.com/retreat