![[Valid RSS]](images/valid-rss-rogers.png "Valid RSS")
This is a valid RSS feed.
This feed is valid, but interoperability with the widest range of feed readers could be improved by implementing the following recommendations.
... rel="self" type="application/rss+xml" />
^
line 25, column 0: (11 occurrences) [help]
<site xmlns="com-wordpress:feed-additions:1">189137467</site> <item>
line 46, column 0: (20 occurrences) [help]
<div class="o-summary o-summary__mobile" data-js-hook="behavior_flyout-menu ...
line 47, column 0: (9 occurrences) [help]
<div class="o-summary_content answer-text u-max-height-transition" data-js-h ...
line 128, column 0: (44 occurrences) [help]
<p data-block-key="pl65d">Some mortgage costs can increase at closing, but o ...
<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" xmlns:georss="http://www.georss.org/georss" xmlns:geo="http://www.w3.org/2003/01/geo/wgs84_pos#" > <channel> <title>The Loan Portal – All about loans and Loan Education </title> <atom:link href="http://loan.porepedia.com/feed/" rel="self" type="application/rss+xml" /> <link>http://loan.porepedia.com</link> <description>Just another Network site</description> <lastBuildDate>Sat, 13 Aug 2022 15:23:32 +0000</lastBuildDate> <language>en-US</language> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <generator>https://wordpress.org/?v=5.9.9</generator><site xmlns="com-wordpress:feed-additions:1">189137467</site> <item> <title>Can a lender make me provide documents like my W-2 or pay stub in order to give me a Loan Estimate?</title> <link>http://loan.porepedia.com/ads/can-a-lender-make-me-provide-documents-like-my-w-2-or-pay-stub-in-order-to-give-me-a-loan-estimate-2/</link> <dc:creator><![CDATA[Editor]]></dc:creator> <pubDate>Sat, 13 Aug 2022 15:22:22 +0000</pubDate> <guid isPermaLink="false">http://loan.porepedia.com/?post_type=ad_listing&p=2986</guid> <description><![CDATA[Can a lender make me provide documents like my W-2 or pay stub in order to give me a Loan Estimate? A lender or mortgage <a class="moretag" href="http://loan.porepedia.com/ads/can-a-lender-make-me-provide-documents-like-my-w-2-or-pay-stub-in-order-to-give-me-a-loan-estimate-2/">[…]</a><hr style="border-top: black solid 1px" /><a href="http://loan.porepedia.com/ads/can-a-lender-make-me-provide-documents-like-my-w-2-or-pay-stub-in-order-to-give-me-a-loan-estimate-2/">Can a lender make me provide documents like my W-2 or pay stub in order to give me a Loan Estimate?</a> was first posted on August 13, 2022 at 3:22 pm.<br />©2017 "<a href="http://loan.porepedia.com">The Loan Portal - All about loans and Loan Education </a>". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at gnelsu@gmail.com<br />]]></description> <content:encoded><![CDATA[<div class="block block__flush-top block__sub"></p><h2>Can a lender make me provide documents like my W-2 or pay stub in order to give me a Loan Estimate?</h2></div><div class="block block__flush-top"></p><div class="lead-paragraph"><div class="lead-paragraph"><p>A lender or mortgage broker cannot require you to provide any documents as a condition for providing you with a Loan Estimate.</p></div><div class="block block__sub"><div class="o-summary o-summary__mobile" data-js-hook="behavior_flyout-menu state_atomic_init"><div class="o-summary_content answer-text u-max-height-transition" data-js-hook="behavior_flyout-menu_content" aria-expanded="false"><div class="row text-row"><p>To receive a Loan Estimate, you need to submit only six key pieces of information:</p><ul><li>Your name</li><li>Your income</li><li>Your Social Security number (so the lender can check your credit)</li><li>The address of the home you plan to purchase or refinance</li><li>An estimate of the home’s value</li><li>The loan amount you want to borrow</li></ul><p>Although you’re not required to provide documents to get a Loan Estimate, it’s a good idea to share what you have with the lender. The more information the lender has, the more accurate your Loan Estimate will be.</p><p>Once you receive a Loan Estimate, you need to choose whether you would like to proceed with the loan application. Once you’ve notified the lender that you would like to proceed with an application, the lender may require you to provide additional information and documents to verify the information you have already submitted. If your verification documents show different information than what you already provided, you may receive a revised Loan Estimate.</p><aside class="answer-module"><strong>Tip: The best way to get a good deal on a mortgage that’s right for you is to request Loan Estimates from multiple lenders and compare offers. Learn more about how to shop for a mortgage.</strong></p></aside><p><strong>Note: You won’t receive a Loan Estimate if you applied for a mortgage prior to October 3, 2015, or if you’re applying for a reverse mortgage. </strong>For those loans, you will receive two forms – a Good Faith Estimate (GFE) and an initial Truth-in-Lending disclosure – instead of a Loan Estimate. The rules for a GFE are different – lenders may require additional information beyond the six items listed above in order to provide you with a GFE, but they still may not require any documentation. If you are applying for a HELOC, a manufactured housing loan that is not secured by real estate, or a loan through certain types of homebuyer assistance programs, you will not receive a GFE or a Loan Estimate, but you should receive a Truth-in-Lending disclosure.</p></div></div></div></div></div></div><hr style="border-top: black solid 1px" /><a href="http://loan.porepedia.com/ads/can-a-lender-make-me-provide-documents-like-my-w-2-or-pay-stub-in-order-to-give-me-a-loan-estimate-2/">Can a lender make me provide documents like my W-2 or pay stub in order to give me a Loan Estimate?</a> was first posted on August 13, 2022 at 3:22 pm.<br />©2017 "<a href="http://loan.porepedia.com">The Loan Portal - All about loans and Loan Education </a>". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at gnelsu@gmail.com<br />]]></content:encoded> <post-id xmlns="com-wordpress:feed-additions:1">2986</post-id> </item> <item> <title>The seller told me I have to purchase title insurance from a particular company or they won’t sell me the house. Can they do this?</title> <link>http://loan.porepedia.com/ads/the-seller-told-me-i-have-to-purchase-title-insurance-from-a-particular-company-or-they-wont-sell-me-the-house-can-they-do-this-2/</link> <dc:creator><![CDATA[Editor]]></dc:creator> <pubDate>Sat, 13 Aug 2022 15:21:51 +0000</pubDate> <guid isPermaLink="false">http://loan.porepedia.com/?post_type=ad_listing&p=2984</guid> <description><![CDATA[The seller told me I have to purchase title insurance from a particular company or they won’t sell me the house. Can they do this? <a class="moretag" href="http://loan.porepedia.com/ads/the-seller-told-me-i-have-to-purchase-title-insurance-from-a-particular-company-or-they-wont-sell-me-the-house-can-they-do-this-2/">[…]</a><hr style="border-top: black solid 1px" /><a href="http://loan.porepedia.com/ads/the-seller-told-me-i-have-to-purchase-title-insurance-from-a-particular-company-or-they-wont-sell-me-the-house-can-they-do-this-2/">The seller told me I have to purchase title insurance from a particular company or they won’t sell me the house. Can they do this?</a> was first posted on August 13, 2022 at 3:21 pm.<br />©2017 "<a href="http://loan.porepedia.com">The Loan Portal - All about loans and Loan Education </a>". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at gnelsu@gmail.com<br />]]></description> <content:encoded><![CDATA[<div class="block block__flush-top block__sub"></p><h2>The seller told me I have to purchase title insurance from a particular company or they won’t sell me the house. Can they do this?</h2></div><div class="block block__flush-top"></p><div class="lead-paragraph"><div class="lead-paragraph"><p>No. They can’t do it.</p></div><div class="block block__sub"><div class="o-summary o-summary__mobile" data-js-hook="behavior_flyout-menu state_atomic_init"><div class="o-summary_content answer-text" data-js-hook="behavior_flyout-menu_content"><div class="row text-row"><p>Under the Real Estate Settlement Procedures Act (RESPA), a seller may not require, directly or indirectly, a borrower to purchase title insurance from any particular company as a condition of the sale of a home.</p></div></div></div></div></div></div><hr style="border-top: black solid 1px" /><a href="http://loan.porepedia.com/ads/the-seller-told-me-i-have-to-purchase-title-insurance-from-a-particular-company-or-they-wont-sell-me-the-house-can-they-do-this-2/">The seller told me I have to purchase title insurance from a particular company or they won’t sell me the house. Can they do this?</a> was first posted on August 13, 2022 at 3:21 pm.<br />©2017 "<a href="http://loan.porepedia.com">The Loan Portal - All about loans and Loan Education </a>". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at gnelsu@gmail.com<br />]]></content:encoded> <post-id xmlns="com-wordpress:feed-additions:1">2984</post-id> </item> <item> <title>Can my final mortgage costs increase from what was on my Loan Estimate?</title> <link>http://loan.porepedia.com/ads/can-my-final-mortgage-costs-increase-from-what-was-on-my-loan-estimate-2/</link> <dc:creator><![CDATA[Editor]]></dc:creator> <pubDate>Sat, 13 Aug 2022 15:21:21 +0000</pubDate> <guid isPermaLink="false">http://loan.porepedia.com/?post_type=ad_listing&p=2982</guid> <description><![CDATA[Can my final mortgage costs increase from what was on my Loan Estimate? Some mortgage costs can increase at closing, but others can’t. It is <a class="moretag" href="http://loan.porepedia.com/ads/can-my-final-mortgage-costs-increase-from-what-was-on-my-loan-estimate-2/">[…]</a><hr style="border-top: black solid 1px" /><a href="http://loan.porepedia.com/ads/can-my-final-mortgage-costs-increase-from-what-was-on-my-loan-estimate-2/">Can my final mortgage costs increase from what was on my Loan Estimate?</a> was first posted on August 13, 2022 at 3:21 pm.<br />©2017 "<a href="http://loan.porepedia.com">The Loan Portal - All about loans and Loan Education </a>". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at gnelsu@gmail.com<br />]]></description> <content:encoded><![CDATA[<div class="block block__flush-top block__sub"></p><h2>Can my final mortgage costs increase from what was on my Loan Estimate?</h2></div><div class="block block__flush-top"></p><div class="lead-paragraph"><div class="lead-paragraph"><p data-block-key="pl65d">Some mortgage costs can increase at closing, but others can’t. It is illegal for lenders to deliberately underestimate the costs on your Loan Estimate. However, lenders are allowed to change some costs under certain circumstances.</p></div><div class="block block__sub"><div class="o-summary o-summary__mobile" data-js-hook="behavior_flyout-menu state_atomic_init"><div class="o-summary_content answer-text u-max-height-transition" data-js-hook="behavior_flyout-menu_content" aria-expanded="false"><div class="row text-row"><p data-block-key="xuvq5"><b>Interest rate</b></p><p data-block-key="5c0mb">If your interest rate is not locked, it can change at any time. Even if your interest rate is locked, your interest rate can change if there are changes to your application information or if you do not close within the rate-lock timeframe. Check at the top of page 1 of your Loan Estimate to see whether your rate is locked, and until when. Learn more about how rate locks work.</p><p data-block-key="vtkp4"><b>Closing costs</b></p><p data-block-key="l6v5z">There are three categories of closing costs. Some closing costs the lender can increase by any amount, some the lender can increase by up to 10 percent, and some the lender can’t increase at all.</p><p data-block-key="0xlk3">However, under certain circumstances these rules do not apply. For example, your lender is allowed to change your closing costs without restriction if:</p><ul><li data-block-key="xh23e">You decided to get a different kind of loan or change the amount of your down payment</li><li data-block-key="nmxaq">The appraisal on the home you want to buy came in higher or lower than expected</li><li data-block-key="mb8ck">You took out a new loan or missed a payment and that has changed your credit</li><li data-block-key="xcla0">Your lender could not document your overtime, bonus, or other income</li></ul><p data-block-key="hnzwv">These types of situations are called a “change in circumstances”.</p><p data-block-key="8w2qu"><b>Costs that can increase by any amount</b></p><p data-block-key="8b2xc">These costs are not controlled by the lender, and can increase by any amount at any time:</p><ul><li data-block-key="k5jxb">Prepaid interest, property insurance premiums, or initial escrow account deposits</li><li data-block-key="fva7m">Fees for services required by the lender that you have shopped separately for, if you choose a service provider that is not on the lender’s written list of providers</li><li data-block-key="sph1h">Fees for third-party services that the lender does not require</li></ul><p data-block-key="pyvsu"><b>Costs that cannot increase at all </b></p><p data-block-key="qyee9">If there is a “change in circumstances,” these costs can change by any amount, but otherwise they cannot change at all:</p><ul><li data-block-key="woi1f">Fees paid to the lender, mortgage broker, or an affiliate of either the lender or mortgage broker for a required service</li><li data-block-key="mb7n9">Fees for required service that the lender did not allow you to shop separately for, when the provider is not affiliated with the lender or mortgage broker</li><li data-block-key="qi0ok">Transfer taxes</li></ul><p data-block-key="55emf"><b>Costs that can increase by up to 10 percent</b></p><p data-block-key="qr4xk">If there is a “change in circumstances,” these costs can change by any amount. If there is no change in circumstances, then the total of these costs cannot increase by more than 10 percent:</p><ul><li data-block-key="comx3">Recording fees</li><li data-block-key="b9zzz">Fees for required services when you have chosen a third-party service provider on the lender’s written list of providers (if the provider is an affiliate of the lender, the cost cannot change at all)</li></ul><p data-block-key="is64f"><b>What happens when the costs change?</b></p><p data-block-key="be3i8">If your application has a “change in circumstances,” you will likely receive a revised Loan Estimate. If the costs have increased more than the allowed limits and your application has not had a “change in circumstances,” you are entitled to a refund of the amount above the allowable limits.</p></div></div></div></div></div></div><hr style="border-top: black solid 1px" /><a href="http://loan.porepedia.com/ads/can-my-final-mortgage-costs-increase-from-what-was-on-my-loan-estimate-2/">Can my final mortgage costs increase from what was on my Loan Estimate?</a> was first posted on August 13, 2022 at 3:21 pm.<br />©2017 "<a href="http://loan.porepedia.com">The Loan Portal - All about loans and Loan Education </a>". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at gnelsu@gmail.com<br />]]></content:encoded> <post-id xmlns="com-wordpress:feed-additions:1">2982</post-id> </item> <item> <title>When do I get a Closing Disclosure?</title> <link>http://loan.porepedia.com/ads/when-do-i-get-a-closing-disclosure-2/</link> <dc:creator><![CDATA[Editor]]></dc:creator> <pubDate>Sat, 13 Aug 2022 15:20:56 +0000</pubDate> <guid isPermaLink="false">http://loan.porepedia.com/?post_type=ad_listing&p=2980</guid> <description><![CDATA[When do I get a Closing Disclosure? By law, you must receive your Closing Disclosure at least three business days before your closing. Read your <a class="moretag" href="http://loan.porepedia.com/ads/when-do-i-get-a-closing-disclosure-2/">[…]</a><hr style="border-top: black solid 1px" /><a href="http://loan.porepedia.com/ads/when-do-i-get-a-closing-disclosure-2/">When do I get a Closing Disclosure?</a> was first posted on August 13, 2022 at 3:20 pm.<br />©2017 "<a href="http://loan.porepedia.com">The Loan Portal - All about loans and Loan Education </a>". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at gnelsu@gmail.com<br />]]></description> <content:encoded><![CDATA[<div class="block block__flush-top block__sub"></p><h2>When do I get a Closing Disclosure?</h2></div><div class="block block__flush-top"></p><div class="lead-paragraph"><div class="lead-paragraph"><p>By law, you must receive your Closing Disclosure at least three business days before your closing.</p></div><div class="block block__sub"><div class="o-summary o-summary__mobile" data-js-hook="behavior_flyout-menu state_atomic_init"><div class="o-summary_content answer-text u-max-height-transition" data-js-hook="behavior_flyout-menu_content" aria-expanded="false"><div class="row text-row"><p>Read your Closing Disclosure carefully. It tells you how much you will pay for your loan. Our interactive sample Closing Disclosure helps you double-check the details and get definitions for terms used on the form.</p><p><b>Note: You won’t receive a Closing Disclosure if you applied for a mortgage prior to October 3, 2015, or if you’re applying for a </b><b>reverse mortgage</b><b>.</b> For those loans, you will receive a final Truth in Lending disclosure and a HUD -1 Settlement Statement. Lenders are not required to send you these closing documents in advance of closing. However, if you request to see a copy of your HUD-1, you can review it at least one business day before closing. If you are applying for a HELOC, a manufactured housing loan that is not secured by real estate, or a loan through certain types of homebuyer assistance programs, you will not receive a GFE or a Loan Estimate, but you should receive a Truth-in-Lending disclosure.</p></div></div></div></div></div></div><hr style="border-top: black solid 1px" /><a href="http://loan.porepedia.com/ads/when-do-i-get-a-closing-disclosure-2/">When do I get a Closing Disclosure?</a> was first posted on August 13, 2022 at 3:20 pm.<br />©2017 "<a href="http://loan.porepedia.com">The Loan Portal - All about loans and Loan Education </a>". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at gnelsu@gmail.com<br />]]></content:encoded> <post-id xmlns="com-wordpress:feed-additions:1">2980</post-id> </item> <item> <title>At the mortgage loan closing, do I have to sign if I don’t like the terms?</title> <link>http://loan.porepedia.com/ads/at-the-mortgage-loan-closing-do-i-have-to-sign-if-i-dont-like-the-terms-2/</link> <dc:creator><![CDATA[Editor]]></dc:creator> <pubDate>Sat, 13 Aug 2022 15:20:34 +0000</pubDate> <guid isPermaLink="false">http://loan.porepedia.com/?post_type=ad_listing&p=2978</guid> <description><![CDATA[At the mortgage loan closing, do I have to sign if I don’t like the terms? No. You don’t have to sign anything unless you’re <a class="moretag" href="http://loan.porepedia.com/ads/at-the-mortgage-loan-closing-do-i-have-to-sign-if-i-dont-like-the-terms-2/">[…]</a><hr style="border-top: black solid 1px" /><a href="http://loan.porepedia.com/ads/at-the-mortgage-loan-closing-do-i-have-to-sign-if-i-dont-like-the-terms-2/">At the mortgage loan closing, do I have to sign if I don’t like the terms?</a> was first posted on August 13, 2022 at 3:20 pm.<br />©2017 "<a href="http://loan.porepedia.com">The Loan Portal - All about loans and Loan Education </a>". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at gnelsu@gmail.com<br />]]></description> <content:encoded><![CDATA[<div class="block block__flush-top block__sub"></p><h2>At the mortgage loan closing, do I have to sign if I don’t like the terms?</h2></div><div class="block block__flush-top"></p><div class="lead-paragraph"><div class="lead-paragraph"><p data-block-key="waztc">No. You don’t have to sign anything unless you’re satisfied with the terms.</p></div><div class="block block__sub"><div class="o-summary o-summary__mobile" data-js-hook="behavior_flyout-menu state_atomic_init"><div class="o-summary_content answer-text u-max-height-transition" data-js-hook="behavior_flyout-menu_content" aria-expanded="false"><div class="row text-row"><p data-block-key="hwdib"><b>Warning: You should never sign anything that you don’t understand.</b> Don’t sign if you don’t understand the mortgage terms or if you think that you won’t be able to pay back the loan.</p><p data-block-key="1om2u"><p data-block-key="e2mch">If you are borrowing money to buy a home, you likely have a contract with the seller. The contract may limit the amount of time and flexibility you have to close the sale. The contract may also subject you to legal action if you break it.</p><p data-block-key="0lbes">Review your contract or seek the advice of an attorney to determine what options you have if you decide not to take the home loan offered for the closing. You may be able to secure a new mortgage or extend the period to close the sale. However, if you can’t do so, you may lose the deposit you paid to the seller when you entered into an agreement to buy their home. The seller may have other legal rights against you.</p><p data-block-key="lmrba"><b>If you have a contract with the seller, review the “mortgage of financing clause” in your sales contract.</b> This will tell you whether your deposit will be refunded if the sale is cancelled because you are unable to get a loan.</p><p data-block-key="4zx6g"><p data-block-key="l07le"><b>Tip: If you are in the process of refinancing your existing mortgage, you don’t have any contractual obligation to sign the documents.</b></p><p data-block-key="1k6vl"><p data-block-key="pgu8s">If you have a problem with your mortgage closing process, you should discuss the issue or matter with your lender. If you’re having issues with your mortgage, you can also submit a complaint to the CFPB online or by calling (855) 411-CFPB (2372). We’ll forward your complaint to the company and work to get you a response. You may also wish to get your own attorney to take a look at your issue or matter.</p></div></div></div></div></div></div><hr style="border-top: black solid 1px" /><a href="http://loan.porepedia.com/ads/at-the-mortgage-loan-closing-do-i-have-to-sign-if-i-dont-like-the-terms-2/">At the mortgage loan closing, do I have to sign if I don’t like the terms?</a> was first posted on August 13, 2022 at 3:20 pm.<br />©2017 "<a href="http://loan.porepedia.com">The Loan Portal - All about loans and Loan Education </a>". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at gnelsu@gmail.com<br />]]></content:encoded> <post-id xmlns="com-wordpress:feed-additions:1">2978</post-id> </item> <item> <title>Can I change my mind after I sign the loan closing documents for my second mortgage or refinance? What is the “right of rescission?”</title> <link>http://loan.porepedia.com/ads/can-i-change-my-mind-after-i-sign-the-loan-closing-documents-for-my-second-mortgage-or-refinance-what-is-the-right-of-rescission-2/</link> <dc:creator><![CDATA[Editor]]></dc:creator> <pubDate>Sat, 13 Aug 2022 15:20:14 +0000</pubDate> <guid isPermaLink="false">http://loan.porepedia.com/?post_type=ad_listing&p=2976</guid> <description><![CDATA[Can I change my mind after I sign the loan closing documents for my second mortgage or refinance? What is the “right of rescission?” Yes. <a class="moretag" href="http://loan.porepedia.com/ads/can-i-change-my-mind-after-i-sign-the-loan-closing-documents-for-my-second-mortgage-or-refinance-what-is-the-right-of-rescission-2/">[…]</a><hr style="border-top: black solid 1px" /><a href="http://loan.porepedia.com/ads/can-i-change-my-mind-after-i-sign-the-loan-closing-documents-for-my-second-mortgage-or-refinance-what-is-the-right-of-rescission-2/">Can I change my mind after I sign the loan closing documents for my second mortgage or refinance? What is the “right of rescission?”</a> was first posted on August 13, 2022 at 3:20 pm.<br />©2017 "<a href="http://loan.porepedia.com">The Loan Portal - All about loans and Loan Education </a>". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at gnelsu@gmail.com<br />]]></description> <content:encoded><![CDATA[<div class="block block__flush-top block__sub"></p><h2>Can I change my mind after I sign the loan closing documents for my second mortgage or refinance? What is the “right of rescission?”</h2></div><div class="block block__flush-top"></p><div class="lead-paragraph"><div class="lead-paragraph"><p>Yes. For certain types of mortgages, after you sign your mortgage closing documents, you may be able to change your mind.</p></div><div class="block block__sub"><div class="o-summary o-summary__mobile" data-js-hook="behavior_flyout-menu state_atomic_init"><div class="o-summary_content answer-text u-max-height-transition" data-js-hook="behavior_flyout-menu_content" aria-expanded="false"><div class="row text-row"><p>You have the right to cancel, also known as the right of rescission, for most non-purchase money mortgages. A non-purchase money mortgage is a mortgage that is <b>not</b> used to buy the home. Refinances and home equity loans are examples of non-purchase money mortgages.</p><p>This right gives you three business days to cancel a non-purchase money mortgage agreement. In this case, business days include Saturdays, but not Sundays or legal public holidays.</p><p>The three-day clock does not start until <b>all</b> three of the following events have happened:</p><ul><li>You sign the credit contract (usually known as the Promissory Note)</li><li>You receive a Truth in Lending disclosure (in most circumstances, this will be your Closing Disclosure form)</li><li>You receive two copies of a notice explaining your right to rescind</li></ul><p>If you decide you want to rescind a non-purchase money mortgage:</p><ul><li>You must notify your lender in writing that you are cancelling the loan contract and exercising your right to rescind. You may use the form provided to you by your lender or a letter.</li><li>You can’t rescind just by calling or visiting the lender.</li><li>Within 20 calendar days after your lender receives your notice of rescission, all money or property you paid as part of the mortgage transaction must be returned to you.</li></ul><p>In some cases, if the lender doesn’t give you your Truth-in-Lending disclosure (which in most cases will be a Closing Disclosure) or two copies of the notice of the right to cancel, or if the lender makes certain important mistakes on your Truth-in-Lending disclosure, you may have the right to cancel the loan for up to three years. If you think this may apply to you, you should consult a lawyer right away.</p><p><b>Note:</b> If you applied for your mortgage on or after October 3, 2015, in most cases your Truth-in-Lending disclosure will be the Closing Disclosure.</p><p> </p><p><b>Tip: Whatever form of written notice you use, make sure it is delivered or mailed before midnight of the third business day after your closing and keep a copy for yourself.</b></p><p><b>Warning:</b> Your right to rescind doesn’t change your obligation to make payments on any of your other loans. If you refinance and then rescind the refinance loan, you will still have to pay the original loan.</p><p> </p><p><b>Tip: If you have the right to rescind, you can cancel your loan in the three-day window for any reason or no reason at all. </b></p><p>If you have a problem with your mortgage closing process, you should discuss the issue or matter with your lender. If you’re having issues with your mortgage, you can also submit a complaint to the CFPB online or by calling (855) 411-CFPB (2372). We’ll forward your complaint to the company and work to get you a response. You may also wish to get your own attorney to take a look at your issue or matter.</p></div></div></div></div></div></div><hr style="border-top: black solid 1px" /><a href="http://loan.porepedia.com/ads/can-i-change-my-mind-after-i-sign-the-loan-closing-documents-for-my-second-mortgage-or-refinance-what-is-the-right-of-rescission-2/">Can I change my mind after I sign the loan closing documents for my second mortgage or refinance? What is the “right of rescission?”</a> was first posted on August 13, 2022 at 3:20 pm.<br />©2017 "<a href="http://loan.porepedia.com">The Loan Portal - All about loans and Loan Education </a>". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at gnelsu@gmail.com<br />]]></content:encoded> <post-id xmlns="com-wordpress:feed-additions:1">2976</post-id> </item> <item> <title>How long do I have to rescind? When does the right of rescission start?</title> <link>http://loan.porepedia.com/ads/how-long-do-i-have-to-rescind-when-does-the-right-of-rescission-start-2/</link> <dc:creator><![CDATA[Editor]]></dc:creator> <pubDate>Sat, 13 Aug 2022 15:19:50 +0000</pubDate> <guid isPermaLink="false">http://loan.porepedia.com/?post_type=ad_listing&p=2974</guid> <description><![CDATA[How long do I have to rescind? When does the right of rescission start? If you are buying a home with a mortgage, you do <a class="moretag" href="http://loan.porepedia.com/ads/how-long-do-i-have-to-rescind-when-does-the-right-of-rescission-start-2/">[…]</a><hr style="border-top: black solid 1px" /><a href="http://loan.porepedia.com/ads/how-long-do-i-have-to-rescind-when-does-the-right-of-rescission-start-2/">How long do I have to rescind? When does the right of rescission start?</a> was first posted on August 13, 2022 at 3:19 pm.<br />©2017 "<a href="http://loan.porepedia.com">The Loan Portal - All about loans and Loan Education </a>". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at gnelsu@gmail.com<br />]]></description> <content:encoded><![CDATA[<div class="block block__flush-top block__sub"></p><h2>How long do I have to rescind? When does the right of rescission start?</h2></div><div class="block block__flush-top"></p><div class="lead-paragraph"><div class="lead-paragraph"><p>If you are buying a home with a mortgage, you do not have a right to cancel the loan once the closing documents are signed. If you are refinancing a mortgage, you have until midnight of the third business day after the transaction to rescind (cancel) the mortgage contract.</p></div><div class="block block__sub"><div class="o-summary o-summary__mobile" data-js-hook="behavior_flyout-menu state_atomic_init"><div class="o-summary_content answer-text u-max-height-transition" data-js-hook="behavior_flyout-menu_content" aria-expanded="false"><div class="row text-row"><p>The right of rescission refers to the right of a consumer to cancel certain types of loans.</p><p>If you are refinancing a mortgage, and you want to rescind (cancel) your mortgage contract; the three-day clock does not start until <b>all</b> three of the following events have happened:</p><p> </p><ul><li>You sign the credit contract (usually known as the Promissory Note)</li><li>You receive a Truth in Lending disclosure (in most circumstances, this will be your Closing Disclosure form)</li><li>You receive two copies of a notice explaining your right to rescind</li></ul><p> </p><p>The first business day after the last of these events counts as day one. For rescission purposes, business days include Saturdays, but not Sundays or legal public holidays. For example, if the last of the above three events occurs on a Friday, and there are no legal public holidays in between, then you have until midnight on the following Tuesday to rescind.</p><p>You may use the form provided to you by the lender or write a letter. Whatever form of written notice you use, make sure it is mailed or delivered before midnight of the third business day. Keep a copy and any evidence that it was mailed or delivered on time.</p><p>If you did not receive your Truth in Lending disclosure or the notice of your right to rescind, or if they were incorrect, you may be able to rescind your loan up to three years from the date of closing. If you think this situation may apply to you, consult an attorney.</p></div></div></div></div></div></div><hr style="border-top: black solid 1px" /><a href="http://loan.porepedia.com/ads/how-long-do-i-have-to-rescind-when-does-the-right-of-rescission-start-2/">How long do I have to rescind? When does the right of rescission start?</a> was first posted on August 13, 2022 at 3:19 pm.<br />©2017 "<a href="http://loan.porepedia.com">The Loan Portal - All about loans and Loan Education </a>". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at gnelsu@gmail.com<br />]]></content:encoded> <post-id xmlns="com-wordpress:feed-additions:1">2974</post-id> </item> <item> <title>Can I ever waive my right to rescind on my mortgage loan?</title> <link>http://loan.porepedia.com/ads/can-i-ever-waive-my-right-to-rescind-on-my-mortgage-loan-2/</link> <dc:creator><![CDATA[Editor]]></dc:creator> <pubDate>Sat, 13 Aug 2022 15:19:25 +0000</pubDate> <guid isPermaLink="false">http://loan.porepedia.com/?post_type=ad_listing&p=2972</guid> <description><![CDATA[Can I ever waive my right to rescind on my mortgage loan? Yes. You can waive your right of rescission (your right to cancel your <a class="moretag" href="http://loan.porepedia.com/ads/can-i-ever-waive-my-right-to-rescind-on-my-mortgage-loan-2/">[…]</a><hr style="border-top: black solid 1px" /><a href="http://loan.porepedia.com/ads/can-i-ever-waive-my-right-to-rescind-on-my-mortgage-loan-2/">Can I ever waive my right to rescind on my mortgage loan?</a> was first posted on August 13, 2022 at 3:19 pm.<br />©2017 "<a href="http://loan.porepedia.com">The Loan Portal - All about loans and Loan Education </a>". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at gnelsu@gmail.com<br />]]></description> <content:encoded><![CDATA[<div class="block block__flush-top block__sub"></p><h2>Can I ever waive my right to rescind on my mortgage loan?</h2></div><div class="block block__flush-top"></p><div class="lead-paragraph"><div class="lead-paragraph"><p data-block-key="pbxvo">Yes. You can waive your right of rescission (your right to cancel your transaction within three business days for your refinance or home equity line of credit).</p></div><div class="block block__sub"><div class="o-summary o-summary__mobile" data-js-hook="behavior_flyout-menu state_atomic_init"><div class="o-summary_content answer-text u-max-height-transition" data-js-hook="behavior_flyout-menu_content" aria-expanded="false"><div class="row text-row"><p data-block-key="fy2qi">If you have a “bona fide personal financial emergency.” However, if you waive your right of rescission, you might lose your right to rescind the mortgage transaction (unless there is proof of fraud.).</p><p data-block-key="wka2k">You must give the lender your own written statement (pre-printed forms are not allowed) describing the emergency and clearly stating that you are waiving your right to rescind. The statement must be dated and signed by you and anyone else who shares in the ownership of the home.</p><p data-block-key="n3uhv"><p data-block-key="nid03"><b>Tip:</b> If you have a problem with your mortgage closing process, you should discuss the issue or matter with your lender.</p><p data-block-key="m3596"><p data-block-key="4ioov">If you’re having issues with your mortgage, you can also submit a complaint to the CFPB online or by calling (855) 411-CFPB (2372). We’ll forward your complaint to the company and work to get you a response. You may also wish to get your own attorney to take a look at your issue or matter.</p></div></div></div></div></div></div><hr style="border-top: black solid 1px" /><a href="http://loan.porepedia.com/ads/can-i-ever-waive-my-right-to-rescind-on-my-mortgage-loan-2/">Can I ever waive my right to rescind on my mortgage loan?</a> was first posted on August 13, 2022 at 3:19 pm.<br />©2017 "<a href="http://loan.porepedia.com">The Loan Portal - All about loans and Loan Education </a>". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at gnelsu@gmail.com<br />]]></content:encoded> <post-id xmlns="com-wordpress:feed-additions:1">2972</post-id> </item> <item> <title>My lender or broker never provided me with the notice of a right to rescind for a mortgage loan. What can I do?</title> <link>http://loan.porepedia.com/ads/my-lender-or-broker-never-provided-me-with-the-notice-of-a-right-to-rescind-for-a-mortgage-loan-what-can-i-do-5/</link> <dc:creator><![CDATA[Editor]]></dc:creator> <pubDate>Sat, 13 Aug 2022 15:19:01 +0000</pubDate> <guid isPermaLink="false">http://loan.porepedia.com/?post_type=ad_listing&p=2970</guid> <description><![CDATA[My lender or broker never provided me with the notice of a right to rescind for a mortgage loan. What can I do? If you <a class="moretag" href="http://loan.porepedia.com/ads/my-lender-or-broker-never-provided-me-with-the-notice-of-a-right-to-rescind-for-a-mortgage-loan-what-can-i-do-5/">[…]</a><hr style="border-top: black solid 1px" /><a href="http://loan.porepedia.com/ads/my-lender-or-broker-never-provided-me-with-the-notice-of-a-right-to-rescind-for-a-mortgage-loan-what-can-i-do-5/">My lender or broker never provided me with the notice of a right to rescind for a mortgage loan. What can I do?</a> was first posted on August 13, 2022 at 3:19 pm.<br />©2017 "<a href="http://loan.porepedia.com">The Loan Portal - All about loans and Loan Education </a>". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at gnelsu@gmail.com<br />]]></description> <content:encoded><![CDATA[<div class="block block__flush-top block__sub"></p><h2>My lender or broker never provided me with the notice of a right to rescind for a mortgage loan. What can I do?</h2></div><div class="block block__flush-top"></p><div class="lead-paragraph"><div class="lead-paragraph"><p>If you never received the Truth-in-Lending disclosure or the Notice of Right to Rescind from the lender and you were entitled to receive one, you may still be able to rescind your mortgage loan.</p></div><div class="block block__sub"><div class="o-summary o-summary__mobile" data-js-hook="behavior_flyout-menu state_atomic_init"><div class="o-summary_content answer-text u-max-height-transition" data-js-hook="behavior_flyout-menu_content" aria-expanded="false"><div class="row text-row"><p>However, this must happen during the first three years after you sign the mortgage contract, or before you sell your home – whichever occurs first. If you think you need to rescind your mortgage loan on this basis, you may want to consult an attorney. Remember, you will have to give back the money that you borrowed if you rescind the loan.</p><p><b>Note:</b> In most cases, if you apply for a mortgage on or after October 3, 2015, you will receive a Closing Disclosure as your final Truth-in-Lending disclosure.</p><p>If you have a problem with your mortgage, you can submit a complaint to the CFPB online or by calling (855) 411-CFPB (2372). We’ll forward your complaint to the company and work to get you a response.</p></div></div></div></div></div></div><hr style="border-top: black solid 1px" /><a href="http://loan.porepedia.com/ads/my-lender-or-broker-never-provided-me-with-the-notice-of-a-right-to-rescind-for-a-mortgage-loan-what-can-i-do-5/">My lender or broker never provided me with the notice of a right to rescind for a mortgage loan. What can I do?</a> was first posted on August 13, 2022 at 3:19 pm.<br />©2017 "<a href="http://loan.porepedia.com">The Loan Portal - All about loans and Loan Education </a>". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at gnelsu@gmail.com<br />]]></content:encoded> <post-id xmlns="com-wordpress:feed-additions:1">2970</post-id> </item> <item> <title>Are there situations where I would not have a right of rescission?</title> <link>http://loan.porepedia.com/ads/are-there-situations-where-i-would-not-have-a-right-of-rescission-2/</link> <dc:creator><![CDATA[Editor]]></dc:creator> <pubDate>Sat, 13 Aug 2022 15:18:43 +0000</pubDate> <guid isPermaLink="false">http://loan.porepedia.com/?post_type=ad_listing&p=2968</guid> <description><![CDATA[Are there situations where I would not have a right of rescission? The right of rescission does not apply in every case where your home <a class="moretag" href="http://loan.porepedia.com/ads/are-there-situations-where-i-would-not-have-a-right-of-rescission-2/">[…]</a><hr style="border-top: black solid 1px" /><a href="http://loan.porepedia.com/ads/are-there-situations-where-i-would-not-have-a-right-of-rescission-2/">Are there situations where I would not have a right of rescission?</a> was first posted on August 13, 2022 at 3:18 pm.<br />©2017 "<a href="http://loan.porepedia.com">The Loan Portal - All about loans and Loan Education </a>". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at gnelsu@gmail.com<br />]]></description> <content:encoded><![CDATA[<div class="block block__flush-top block__sub"></p><h2>Are there situations where I would not have a right of rescission?</h2></div><div class="block block__flush-top"></p><div class="lead-paragraph"><div class="lead-paragraph"><p>The right of rescission does not apply in every case where your home is used as collateral for the loan.</p></div><div class="block block__sub"><div class="o-summary o-summary__mobile" data-js-hook="behavior_flyout-menu state_atomic_init"><div class="o-summary_content answer-text u-max-height-transition" data-js-hook="behavior_flyout-menu_content" aria-expanded="false"><div class="row text-row"><p>For example, you do not have the right of rescission when:</p><ul><li>Your loan is used to purchase or build your principal home</li><li>You consolidate or refinance with the same creditor a loan that is already secured by your home, and no additional funds are borrowed</li><li>A state agency is the creditor for the loan</li></ul></div></div></div></div></div></div><hr style="border-top: black solid 1px" /><a href="http://loan.porepedia.com/ads/are-there-situations-where-i-would-not-have-a-right-of-rescission-2/">Are there situations where I would not have a right of rescission?</a> was first posted on August 13, 2022 at 3:18 pm.<br />©2017 "<a href="http://loan.porepedia.com">The Loan Portal - All about loans and Loan Education </a>". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at gnelsu@gmail.com<br />]]></content:encoded> <post-id xmlns="com-wordpress:feed-additions:1">2968</post-id> </item> </channel></rss> If you would like to create a banner that links to this page (i.e. this validation result), do the following:
Download the "valid RSS" banner.
Upload the image to your own server. (This step is important. Please do not link directly to the image on this server.)
Add this HTML to your page (change the image src attribute if necessary):
If you would like to create a text link instead, here is the URL you can use:
http://www.feedvalidator.org/check.cgi?url=http%3A//feeds.feedburner.com/porepedia/loan1.
