Entries from Dan Melson's Website tagged with 'prepaid'

New Consumer Article: August 6th, 2008

Today's new consumer article is How Do I Know If I've Been Lowballed on a Mortgage Quote?, which talks about how to nail down lenders on their quotes so that they actually deliver what you expect at loan sign up....

Pro-rated Property Taxes

my prorated property taxes came were paid at closing but now I'm getting a delinquent tax bill You mean they were supposed to be paid at closing. There are two major possibilities: 1) They were not, in fact, paid...

Whatever the New Trick in Loans is, It's an Attempt to Keep From Competing Based Upon Price

It seems every week I get asked about some new or revived trick that loan providers are pulling. The one thing they all have in common is that they are methods to avoid competing on price. What the basic terms...

Recurring and Nonrecurring Closing Costs

Many people are uncertain as to what closing costs are. Basically, they relate to the costs of doing the transaction. There are people who work on getting your loan through the process of approval and funding, and those people have...

Prorated Property Taxes in California

July first marks one of the turning points in the year for California real estate, as property taxes are collected for a period running from July 1 through June 30. They are paid in two installments, the first due due...

The California Mortgage Loan Disclosure Statement (MLDS) Part II

(Continued from Part I) Below the "Estimated Closing Costs" line, there are three more sections. The first is "Items required by lender to be paid in advance." These are not negotiable - they are what they are, and except for...