No Surprises. Just Good Business.

The Below was printed with Permission from Lisa Cruser Loan Officer WJ Bradley Mortgage Capital Corp:

A home is probably the biggest purchase you’ll ever make in your lifetime. It’s critical that you understand your home financing and the costs associated with your mortgage.

The mortgage industry is continually trying to make home financing easier to understand. An informed homeowner is a smart and satisfied homeowner. As part of the effort to keep the process transparent, the Mortgage Disclosure Improvement Act (MDIA) requires notification of changes to your loan and also regulates when in the process certain fees may be charged.

Beginning July 30, 2009, WJB will have a team dedicated solely to processing the new disclosures required by the MDIA to ensure you receive the documents that must be signed in order for your loan to close on time. It is extremely important that you sign and return documents immediately so that there is no impact on your closing date.

While the new regulations mean that closing in just a few days is no longer possible, most home loans usually take 30 to 60 days to close, so you really shouldn’t be affected by the changes. Plus, the disclosure requirements mean that you are guaranteed time to review your loan documents and make sure you are comfortable with the loan provisions and any changes.

Locking in your loan rate is especially important now, however, so that the disclosure cycle can begin. Also, any last-minute changes to your terms or loan amount will start the cycle over again, delaying closing. Refer to the back of this flyer for sample timelines to better understand how the new regulations affect your closing.

Buying or refinancing a home can be complicated, but it doesn’t have to be confusing. If you have any questions, contact me. WJB believes that the best customer is an informed customer.

Contact me today with any questions about the new MDIA requirements and how they may impact your home financing.

Lisa Cruser

Loan Officer WJ Bradley Mortgage Capital Corp. 1795 Williston Road  Suite 330 South Burlington, VT 05403 Office: 802-318-4566 Cell: 802-388-6468 Fax: 802-304-9185 [email protected]

W.J. Bradley Mortgage Capital Corp.

Equal Housing Lender. © 2009 W.J. Bradley Mortgage Capital Corp., 201 Columbine Street Suite 300, Denver, CO 80206. Phone #303-825-5670. Trade/service marks are the property of W.J. Bradley Mortgage Capital Corp. This is not a commitment to lend. Restrictions apply. All rights reserved.  Some products may not be available in all states.

AZ License # BK-0903998; Licensed by the Department of Corporations under the California Financial Lenders Law, CFL-6036822; To check the license status of your CO Mortgage Broker, visit real-estate/index.htm; CT Correspondent Lender License No. FMCL 21047; Delaware Lender License No. 010467; Florida Mortgage Lender license #ML.100000098; Georgia Residential Mortgage Licensee, License No. 20233; ID Mortgage Broker License No. MBL-2803; Kansas Mortgage Company license # MC.0025020; MI First Mortgage License No. FL0011392; MN Residential Mortgage Originator License No. 20447094; NV Mortgage Banker License No. 2061; NV Mortgage Broker License No. 504; NM Mortgage Loan Company and Loan Broker Act Reg. No. 01856; OK Supervised Lender License No. SL007245; OR Mortgage Lender License No. ML-776; TN Mortgage Company Registration Certificate No. 3629; TX Mortgage Banker Reg. No. 74182 with locations in Texas at 2100 W. Loop South, Suite 927, Houston, TX 77027 and 1912 Central, Suite L, Bedford, TX 76021; UT Mortgage Lender Company License No. 5495659-MLCO; VT Lenders License # 6141; WA Consumer Loan License No. 520-CL-42624; Wisconsin Mortgage Banker License No. 699991.

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