Mortgage Documents

1008 Form

A 1008 Form also known as a transmittal summary is a mortgage specific document that summarizes the data for a mortgage loan. This summary commonly includes items such as: Loan-to-Value ratio, debt-to-income ratio, and various key values for the loan.

Loan Estimate

A loan estimate is a three page document that an applicant receives after applying for a mortgage loan. This document outlines the loan terms and fees associated with the selected financial product.

Homeowners Insurance

Homeowners insurance, otherwise known as hazard insurance or home insurance is a form of insurance that covers a property against losses and damages.

Flood Insurance

Flood insurance is a crucial aspect of risk management for property owners, providing financial protection in the event of flood-related damages. This comprehensive guide explores what flood insurance entails, the necessary documents for obtaining coverage, and how to navigate flood insurance forms. Additionally, frequently asked questions shed light on common queries related to flood insurance coverage.

Closing Disclosure

The closing disclosure form is a critical document in the realm of real estate transactions, serving as the final and comprehensive breakdown of the financial aspects of a mortgage loan. As a homebuyer or seller, understanding this form is essential for a transparent and smooth closing process. Let's delve into the intricacies of the closing disclosure form, explore how to read it, and shed light on common questions related to this crucial document.