What is truth lenders & disclosures?

Why would you waste his time by having him type up 30 pages of application and disclosures if you're not sure if you are even going to use him.. It's rude to make him believe he is doing your loan when you're not committed... if you're not going to use him or if you still want to shop, you should call him and tell him so.. But to answer your question.. No... You're not committed and nothing is locked in.. in fact when it comes to refinancing, there's a 3 day waiting period after you sign the "final" paperwork for your new loan. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Hello, by signing the original disclosures which will have documents such as; Good Faith Estimate, Truth in Lending, etc... Usually, the only way you will be committing to the loan is by paying for an appraisal but you are able to cancel a loan all the way until the "right of rescission" period before the loan funds. We have the lowest rates in the nation and we have a match or beat policy, so we would be happy to see if we can beat their quote! Free with no obligation! Please feel free to email me at jolson@afnmortgagelenders.com or call 949.491.8607, thank you!

Signing enables the Broker to proceed with a loan. Otherwise, if you do not sign, there is no loan.If you are offered a rate and pricing that is acceptable to you may wish to have the loan officer lock in the rate.However, it has gotten more common for people refinancing to float the rate if they think it could get better.The problem now though is that we are into new territory in rates the past couple of months and hit the lowestever last week and again this week. It will go up and down an eighth in rate it seems but sometimes slowlymove into new territory two eighths or higher in rate. If you have shopped already for comparisons and agreed upon a rate...demand to see a copy of the official lock in of your rate. It is your right. After that, the best you can do isbelieve in the loan officer you choice to originate and oversee your loan to completion.If you have not gotten good comparisons yet perhaps you might from the person who answered this email 55 minutesago. They are "hungry" for your business. That means they are likely willing to compete with a good rateand price and happy to give you something to compare with. Chances are they are not to busy to give yougreat service as well.Of course I would not mind giving you quotes also. It sounds like you may not quite be ready to commit to the loanyet without getting some other good faith estimates to compare cost and rate with!!

No you are not obligated.

You have the right to cancel the loan on a primary residence up until midnight before the funding date in the state of FL and I believe most states are the same way