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...
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...
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...
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...
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...
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...
