Title InsuranceTitle Insurance Title insuranceTitle Insurance Title insurance protects against certain problems with the legal ownership of a property. Before closing, a title search is performed to look for problems such as liens, unpaid taxes, ownership disputes, or errors in the public record. But even a... More protects against certain problems with the legal ownership of a property. Before closingClosing is the meeting — typically in person — where all parties sign the final loan and property paperwork and the transaction becomes official. It’s the last step in the process, the point where months of paperwork, verification, and waiting turn into... More, a title search is performed to look for problems such as liens, unpaid taxes, ownership disputes, or errors in the public record. But even a… More is purchased at closingClosing is the meeting — typically in person […]
Mortgage Info Blog
Can the seller pay all my closing costs?
Many first time buyers (and move up buyers too) negotiate for the seller to pay some or all of their closingClosing is the meeting — typically in person — where all parties sign the final loan and property paperwork and the transaction becomes official. It’s the last step in the process, the point where months of paperwork, verification, and waiting turn into... More costsClosing costs are the fees and charges due at closingClosing is the meeting — typically in person — where all parties sign the final loan and property paperwork and the transaction becomes official. It’s the last step in the process, the point where months of paperwork, verification, and waiting turn into... More beyond the down payment itself — the collection of costs that pay for all the work, insurance, and government processes required to originate a […]
Thank you for referring me to a great RE...
I am so thankful for your referral to a REALTOR who made our dreams come true by pricing our home correctly and marketing it effectively! Jen
TRID? TILA? RESPA? What are these acr...
We’re ALL (Amazing Loan Ladies) about simplifying the complicated and taking care of the details! TRID stands for TILA/RESPA Integrated Disclosure Rule TILA = Truth in Lending Act RESPA = Real Estate Settlement Procedure Act TRID is CFPB’s requirement to simplify all of this. CFPB = the Consumer Finance Protection Bureau, the new agency overseeing […]
Should I lock my interest rate?
Typically when you apply for a mortgage loan, you have the choice to lock the rate or float the rate. If you lock the rate, the lender will guarantee the rate for a set # of days (15, 30, 45 or 60 days typically). Generally, the shorter the rate lock term the better the rate. If you […]
What’s the best program for a first time
Many people wonder what the best program is for a first time buyer? The answer is dependent on the buyer’s credit score and credit profile, the buyer’s income and the amount of cash the buyer has to spend on down payment and closingClosing is the meeting — typically in person — where all parties sign the final loan and property paperwork and the transaction becomes official. It’s the last step in the process, the point where months of paperwork, verification, and waiting turn into... More costsClosing costs are the fees and charges due at closingClosing is the meeting — typically in person — where all parties sign the final loan and property paperwork and the transaction becomes official. It’s the last step in the process, the point where months of paperwork, verification, and waiting turn into... More beyond the […]
Who’s using Rehab Loans?
Many excellent properties are scooped up by cash buyers at below market value. In fact cash sales make up over 25% of all sales. Investors know they can buy a home that would be difficult to finance (due to property condition) and fix it up and sell it for a profit. But with a rehab […]
Qualified Mortgages and Ability to Repay...
The Dodd Frank – Consumer Protection Act was adopted in July 2010 and created the CFPB (Consumer Finance Protection Bureau). Check out their site at www.consumerfinance.gov Starting in January 2014, the CFPB (Consumer Finance Protection Bureau) says mortgage lenders must implement new rules regarding “Qualified Mortgages) and the “Ability to Repay”. These rules are meant to protect […]
What you need to know before you buy a h...
There are a few things you should know, from a financing point of view, before you buy a home. You should know that you can qualify for a mortgage. If you are in doubt then you need to seek the answer by contacting a mortgage loan officer who can often quickly and easily determine if you […]
Home Buyer Education
What does a person need to know before they buy a home? How much will it cost upfront and what will the monthly payment be? What other costs are associated with owning a home? What tax benefits might I reap? How can I determine if a home is a good value? How can I know […]