NEW LOAN DISCLOSURES RULES MAY POTENTIALLY AFFECT CLOSE OF ESCROW

      Starting July 30, 2009, if the APR on an initial Good Faith Estimate is no longer accurate (within 0.125% range) at close of Escrow, a lender must provide a residential borrower with a new disclosure and a three day right to rescind before consumating the loan, Realtors and borrowers are forewarned that due to the new three day waiting period, a lender's failure to timely provide corrected disclosures has the potential of delaying funding of the loan at close of escrow. (from the California  Association of Realtors)

OTHER LENDING CONSIDERATIONS