by Capital Title | Jan 15, 2021 | Mortgages:
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...
by Capital Title | Dec 15, 2020 | Mortgages:
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...
by Capital Title | Nov 14, 2019 | Federal Programs, Financing:, Finding:, Going To Market:, Mortgages:, New Homes, Sales Process:, Title and Closing, VA Loans:
It’s more than just a Net Sheet App! Capital Title in Michigan is excited to announce some new Social Media lenses/filters on their CapitalTitleAgent App (PalmAgent ONE) to assist you in your marketing efforts. This is a paid feature ($0.99/mo), so if you...
by Capital Title | Sep 12, 2019 | Going To Market:, Mortgages:, New Homes, Sales Process:, Title and Closing
You know him as the guy that likes to laugh and inject humor into everyday life, including his public speaking. Tom Lico, President and COO of Capital Title Insurance Agency first began doing open mic nights at local comedy clubs after taking a 6-week Comedy 101 class...
by Capital Title | Jun 15, 2019 | Mortgages:
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...
by Capital Title | May 15, 2019 | Mortgages:
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...
