Trinity has applied for a home equity line of credit to perform some upgrades on her home. Within what timeframe must her lender provide the Closing Disclosure

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04-02-2022
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Trinity has applied for a home equity line of credit to perform some upgrades on her home. Within what timeframe must her lender provide the Closing Disclosure

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abiolataiwo2015 abiolataiwo2015 · Answer 1 · 2022-02-16T10:34:06+01:00

The timeframe that her lender must provide the Closing Disclosure is: The Closing disclosure isn't required for a HELOC.

What is closing disclosure?

Closing disclosure is a document that entails full details or information about the loan received.

Closing disclosure often includes:

Loan fees

Interest rate

Purchase price

Projected payment etc

Based on the information given home equity line of credit does not required closing disclosure as it only enables the borrower to borrow money as they need them and payback the money with an interest rate.

Inconclusion the timeframe that her lender must provide the Closing Disclosure is: The Closing disclosure isn't required for a HELOC.

Learn more about closing disclosure here:https://brainly.com/question/4375643