Crossland Title, Inc. is fully committed to providing quality products and services to our communities. With more than 36 years of experience in the real estate and title agency business. Owners Pam Rice and Beth Crox have built their reputations upon the virtues of personal service and integrity. They believe that reputation as an honest and reliable business is the recipe for success. They have a knowledge base and support. The staff of Crossland Title, Inc. is more than capable of guiding each client through the myriad of issues surrounding a real estate closing. Crossland Title Inc. seeks the opportunity to continually earn your business. Trust our service driven, customer sensitive approach to the title industry.

What to know Before Closing

The Loan Estimate: Today, borrowers receive two separate forms from their lender at the beginning of the transaction. This includes the Good Faith Estimate (GFE). Also, the initial disclosure required under the Truth-in-Lending Act (TILA). What about loan applications taken on or after October 1, 2015? The creditor will now use a combined Loan Estimate. This is now intended to replace the two previous forms. You must provide the new three-page Loan Estimate form to borrowers on a timetable similar to the current receipt of the GFE.

The Closing Disclosure: The combination of forms continues at the end of the transaction as well. This is with the HUD-1 Settlement Statement. Also, the final TILA forms now combined into a single Closing Disclosure form. This new five-page form is not only to disclose many terms and provisions of the loan. Also, the financial transaction of the closing of the sale.

Give us a call today if you have any questions about closing!  Also, be sure to follow us on Facebook!