New 2010 GFE and Point

Here is a video on how to get your #'s into point so the GFE 2010 will print, and your TIL will be correct.

Southwest funding, LP is an equal housing lender. Interest Rates are subject to change. Interest rates are also subject to credit, income and property approval based on market guidelines. Other rates and terms are available. Contact us for details. Consult your accountant about tax deductions. These are my personal views and don't reflect those of Southwest Funding, or it's affiliates. Southwest Funding, LP Branch #799 SML MBK 64940

Category:

Education

Tags:

• Alan McNamee
• Southwest Funding
• GFE 2010
• Calyx
• Point
• mortgage
• mortgage training
• Good Faith Estimate
• good faith estimate 2010
• calyx point

[jameswh0]

Good work!

I'd love to see a couple of different scenarios like a no closing cost and a partial broker credit of fees as well. Any chance you can get this done? :)

[MortgageGod]

Hey James, thanks for the comment, But I am confused on what you are looking for, as that was basically a no cost loan, all you you would have to do is just remove the 1% origination from line 801, and you would have a real no cost loan.

[allucard50]

Appreciate the video. is was very helpful.  Thanks

[jameswh0]

I am referring to a lender/broker credit to cover other closing cost... either in total or partial. For instance, if you have a GFE with an estimated $5000 in closing cost (including your 1+1 origination fees) how would you show the additional credits (full and partial) on the GFE? I think we have come up with a solution acceptable to lenders but just curious if you had a video to illustrate it.

[mbsony]

Excellent job! Thank you.