Capital Title Announces a New Division

President, Tom Lico, announced a new division last week; Commercial and New Construction. This will be headed up by Jason Seaver, Esq. Jason grew up in the industry with his father, Phil Seaver, as his mentor. He worked for Philip R. Seaver Title Company from a...

What’s Debt-To-Income?

Measuring your existing debts against your existing income is one part of a lender’s required assessment of your ability to repay a loan. Like the video says:  debts are existing financial commitments; a car payment is a debt a grocery bill is not. To calculate your...

Home Sales Tips: Prepping the Inside

  For many homes and markets, professional help from someone in “staging” makes good financial sense.  Like this video say, check your staging options first. If you are doing it yourself, here are 5 key tips. One – Depersonalize. You want the buyer to...

Capital Title Announces Get To Close Services

Capital Title Announces a New Venture Capital Title (Southfield, MI) is launching a new division under its umbrella, Get To Close Services.  “Over the last year, we’ve noticed a trend in the marketplace when it came to the availability of quality contract...

Welcome Ray Scodeller

Meet Our New Corporate Counsel, Ray Scodeller As a seasoned attorney, Ray has acquired experience in a variety of areas including real property, mortgage, condominium law, advertisement and judicial foreclosures as well as consumer financial services law, specifically...

When Do I Get My Closing Disclosure?

  If an eligible loan proceeds from Estimate to closing, creditors must provide a Closing Disclosure form documenting the actual transaction terms and costs THREE business days before consummation. It must be in writing, whether paper or digital, and disclose...

Closing Disclosures: Understanding Page One

  The first page of your Closing Disclosure documents: The Loan Amount – the total you will actually borrow The Interest Rate – which does NOT include the fees factored into the APR on Page 5 If this loan has a penalty for pre-payment or includes a...

Closing Disclosures: Important Additions

  Page 4 of your Closing Disclosure is important. It is NOT just standardized form information that is identical for every loan. Review these terms: Assumption: can this loan be transferred to another person if you sell or transfer the property? Demand: can the...
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