The Estimated Taxes, Insurance, and Assessments section within the Projected Payments Table on the Closing Disclosure is often a cause of confusion. Not only do you need to come up with the correct amount to disclose, you need to tell the borrower what is included in that amount. You also need to answer the “In Escrow?” field with either “yes,” “no,” or “some.”
Jerod explains more in the video and walks you through an example.
Published
2023/02/24