Currently, Mortgage companies must give Buyers 7 days to review all the documentation
when a loan is put together. If the loan amount or the interest rate was to change, they
must give the Buyer an additional 7 day review period.
Find out what's happening in Stonington-Mysticfor free with the latest updates from Patch.
The new law will benefit both Buyers and Sellers. Both must be given 3 business days
Find out what's happening in Stonington-Mysticfor free with the latest updates from Patch.
notice of when the closing will take place and how much money is required to be brought
to closing.
The new laws are expected to take out the stress everyone was having at the last
moment. Real estate transactions are supposed to be a positive experience.
Geoff Hausmann, RE/MAX Property Consultants, 860-443-4400
