over the HUD...my procedure...
"This is your settlement statement; (indicate page 2) this is an itemized accounting of your settlement costs, totaled down here; this total is brought over to page one here; added to your payoffs and other disbursements for a total of $xxxx here; this next section on page 1 is your credits, totaled down here...this lower section is your credits less your disbursements for total to you (or from you) of $xxx
Page 3 compares the GFE you were provided with the final costs; and down here the terms of your loan out set out.
Please look this over while I take down your identification information and if there's any questions, we'll address them; if no questions we can get started."
If no questions then the next is the note with its terms and the payment letter. If no questions we're good to go.
Although the TIL is important, I do nt see why it's important to show this first and why it would be a deal breaker - the TIL confuses many people and is based on the numbers on the HUD and the note...I do not present that up front...just the HUD and note..
MHO |
