Blog

What is a Remainderman? Hint…think “Lady Bird Deed”

Remainderman is a term used within a Life Estate Deed with Power to convey, also termed a “Lady Bird Deed”.  The life estate with power to convey is created by specific language within the deed. The recital will generally be displayed within the...

How Title Insurance Protects All Homebuyers

Whether you’re purchasing a new or existing home, or refinancing, title insurance protects you against any problems affecting the title to your home. The Basics There are two types of title insurance: the owner’s policy and the lender...

FIRPTA – What’s it all about and why do we care?

Posted with permission from author and underwriter, Allan Dick, Vice President/Central Division Underwriter for WFG National Title Insurance Agency FIRPTA (the Foreign Investment in Real Property Tax Act of 1980, as amended), seems to have been a...

Net Sheet App – New & Improved!

In case you haven't heard, the Capital Title Net Sheet App, PalmAgent ONE, is NEW and IMPROVED!  It's quicker (really!), you can do a Net Sheet or Buyer Estimate in 30 seconds!  It has more marketing tools, too (cool Instagram filters, social medi...

What Is Equity?

Equity is the value YOU own in property such as a house. It’s the difference between what’s OWED and what the property is WORTH in the current market. The example this video shows - you have a house worth $300,000 today and you owe the...

What Are Real Estate Commissions?

Like the video says - real estate agents aren’t paid by the hour!They’re paid a percentage of the purchase price in a successful real estate transaction. When one agent represents the sellers and another represents the buyers the com...

What Is “Prime”?

The Prime Lending Rate - sometimes just called “Prime”  - is the interest rate that banks charge each other for overnight loans. Some consumer rates - like ARMs - are set in relation to Prime. In the US, Prime is affected by the F...

What Steps Need To Be Taken To Secure A Loan?

You’ll see some pictures in this video to help you remember later, but the first step in securing a loan is to complete a loan application. To do so, you'll need the following information. Pay stubs for the past 2-3 months. ...

What Is An Escrow Account? Do I Need One?

As we show you in this video, an escrow account is an account, established by your lender, to set aside a portion of your monthly mortgage payment to cover annual charges for homeowner's insurance mortgage insurance (if applicable), and property tax...

What Are Discount Points?

Discount points allow you to lower your interest rate. While this video simplifies things to help you remember, “points” are essentially prepaid interest with each point equaling 1% of the total loan amount. Generally, for each point p...