WJ Bradley and I are committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. We make the process of securing a mortgage simple and straightforward by offering the latest in financial tools that enable you to make sound financial choices. I have posted information on the recent Government regulations and changes that affect you as customer below.

I look forward to assisting you, your friends and your family with all of your mortgage needs and questions. Feel free to give me a call anytime and as always, I appreciate your business!

Chris Herford

NMLS # 213886

As of January 1, two of the forms used in all financing transactions will be changing. The Good Faith Estimate (GFE) and the HUD-1 Settlement form will now be standardized across the industry. The way we use these forms is also changing. All the changes are intended to make it easier for you to compare loan offers from different lenders and to make the best choice

for your unique financial situation.

In the past many lenders used the GFE as a sales and marketing tool. This is no longer the case. Now when you receive your GFE, it will reflect specific loan terms and a single scenario option. The GFE's new role is as a binding document ensuring your loan costs, barring certain changes you might choose to make. At WJB, we have other ways to show you loan options and their costs side-by-side so you can make an informed decision about your financing choices.

The third page of the new GFE form is a chart you can fill out to compare the offers you get from several lenders.

The package of documents you receive are collectively referred to as "disclosures," which are provided to allow you to review the proposed loan and its terms. You are usually asked to review the disclosures and sometimes to sign and return them. If certain elements of your loan change - including loan amount, interest rate, fees, addition or removal of a coborrower, property appraisal - then the lender is required to re-disclose the loan. It is common for lenders to re-disclose many times during the loan process and the new regulations are likely to increase the number of disclosure packages you may receive. What is important is that you understand that each disclosure package is being sent to update the terms and fees of your loan. If you have any questions about anything in these disclosure packages, you should contact your loan originator directly.

Under the revised regulations, the only fee you can be required to pay prior to receiving your disclosures is a credit report fee. W.J. Bradley chooses not to charge clients in advance to pull a credit report.