What is a Rate Lock?

  Mortgage rates change constantly through an unpredictable combination of government policies and economic conditions. This video explains the common term ‘rate lock.’ A “Rate Lock” is a guarantee that a lender will honor a specific combination of...

How Title Insurance Protects All Homebuyers

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...

What’s a Qualified Mortgage?

  As this video explains,  Federal laws put into effect in 2014 and  supervised by the Consumer Financial Protection Bureau define lending practices and loan terms for a new category called “Qualified Mortgages.” They provide stable loan features for...

What’s Abilility to Repay?

  What are the “Ability to repay” rules about? In a nutshell, as this video shows, new laws require lenders to make a good-faith assessment of a borrower’s capacity to pay back their loan over time. It’s a longer-term view that goes beyond immediate income, debt...

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...
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