Blog
Blog
How Can I Keep Track Of All The Homes I See?
View the video here: "How can I keep track of all the homes I see?"
Then, check out this Homebuyer Checklist
How Should I Prepare The Inside For An Open House?
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 b...
20% of Homeowners May Not Sleep Tonight
Getting owner’s title insurance protects your property rights
When Do I Get My Loan 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 ONLY the i...
What Kinds Of Loans Do TRID Disclosures Cover?
TRID rules apply to MOST consumer credit transactions secured by real property. These include mortgages, refinancing, construction-only loans closed-end home-equity loans, and loans secured by vacant land or by 25 or more acres.
The rule does NOT apply to Home Equity...
Beware of Mortgage Payoff Fraud and Wire Fraud
Compliments of PropLogix
...
Understanding Your Loan: Closing Disclosure Page 1
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...
What Do Lenders Have To Tell You About Your Real Estate Loan?
Federal “disclosure” forms define the information that creditor businesses MUST provide to consumers applying for real estate loans.
As of Oct 1, 2015 lenders must provide TWO New “TRID” disclosure forms. for the most common kinds of real estate loans First, ...
Understanding Your Loan: Additional Information Can Be Important
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?
D...
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 body of the deed.
...