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 interest...
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...
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 balloon...
Understanding home loans becomes a necessity when you are buying a home. Page 4 of your Closing Disclosure in your mortgage packet is important. It is NOT just standardized form information that is identical for every home loan. Review these terms: Assumption: can...
We’ve talked about the importance of having a call-to-action on your title company’s website. A great way to get exposure for anything you want your customers to see is by adding it to a few key places on your website. If you have a website with a sidebar,...
