CD Disclosure How to reflect-VA Cash-out Refi lender paid fee the veteran paid out of pocket
On a VA Cash Out Refi, you disclosed $125 for termite letter (Lender paying) and the invoice came in for $65, also the veteran paid out of pocket how would you disclosed on the closing disclosure? by mhodge64 from , California. Dec 13th 2017
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
The lender would issue a credit for $65 on the final CD for reimbursement for the termite inspection.. your net proceeds will be $65 higher.. I'm a preferred Lender with California and Arizona being my primary markets. 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 NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893
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