Tag Archive for: good faith

Four Common Earnest Money Questions Answered

For those planning to take out a mortgage and purchase a home, homebuyers need to make what is called an earnest money deposit. First-time homebuyers typically have lots of questions concerning earnest money deposits: What is earnest money mean? Who is required to pay it? What is the average amount for an earnest money deposit? Who receives the money?Read More

TRID Explained Again; Not That Serious; A Few Days of Delay

TRID goes into effect on October 3rd, as most people know. TRID replaces the “Good Faith” and “Truth In Lending” with a new document called a “Loan Estimate.” The Loan […]Read More