Re: Property taxes/ GFE


First – I apologize, I’m not sure what an SMD refinance is.

Second – Yes that’s correct, you do not include Property Taxes on a GFE. We’ve had several loans where we financed them and you have to add them to your loan amount, therefore increasing it and making the new money rescindable.

Regardless though, if this was the consumer’s primary dwelling and it was a refi, it would have been a rescindable loan anyways. Now if you’re just stating that you used one ROR form vs. another… well that’s a different story, but from what I can tell on your post, this is how I feel.