Downtown San Diego Condos: Welcome to the new HUD Closing Statements

This new year brings a lot of new laws and changes.  Those of us in real estate are become familiar with what we can the HUD closing statement.  HUD (Dept. of Housing and Urban Development) controls how lenders show loan costs.  If you are a buyer and have purchased  before, you will see some changes that are supposed to simplify things for you.  I am not sure yet how simple this has all become.  Time will tell once we all get used to the new form.  If you would like to see a full-sized copy just click here for  the HUD Closing Statement 

This is a sample of the new HUD closing statement. Click for the full size document.

This is a series of articles by Sharyn and Victoria Crown, Downtown San Diego real estate agents.

Downtown San Diego Condos: Good Faith Estimate GFE

As of January 1, 2010 a new Good Faith Estimate is required for all loans.  This form has been standardized.  Here is a copy of this new GFE so you can familiarize yourself with it before your lender gives one to you.

If you would rather download a pdf Good Faith Estimate just click here and download your copy of the GFE.

This is a series of articles by Sharyn and Victoria Crown, Downtown San Diego real estate agents.