Sentences with phrase «borrower during the closing process»

Not exact matches

These days, many lenders are required to check the borrower's credit twice during the home loan application process: once during pre-approval and once right before closing.

MI is also fully compatible with the highly liquid GSE (TBA) securitization market that allows lenders to «lock in» interest rates for borrowers during the application process and to securitize loans after closing.

:» The truth in Lending Act requires that we notify a borrower at least three business days before a mortgage loan closing if a borrower's Annual Percentage Rate increases during the application process.

During this process, borrowers have two significant factors to consider: the costs that they pay to close the loan, and the costs over the life of the loan.