What Do Lenders Have To Tell You About Your Real Estate Loan?

by | TRID

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, the Loan...

Google’s Mobilegeddon is Penalizing Title Agents

by | Articles

Did you see what Google did to your website that will bring you less new business? On April 21st Google started requiring that all websites be mobile-friendly. This update has been dubbed “mobilegeddon.”  For websites that are not mobile-friendly, they are...

What Is Equity?

by | Mortgages:

Equity is the value YOU own in property such as a house. It’s the difference between what’s OWED and what the property is WORTH in the current market. The example this video shows – you have a house worth $300,000 today and you owe the bank $200,000.  Your...

What Are Real Estate Commissions?

by | Title and Closing:

Like the video says – real estate agents aren’t paid by the hour!They’re paid a percentage of the purchase price in a successful real estate transaction. When one agent represents the sellers and another represents the buyers the commission is typically split...

What Is “Prime”?

by | Mortgages:

The Prime Lending Rate – sometimes just called “Prime”  – is the interest rate that banks charge each other for overnight loans. Some consumer rates – like ARMs – are set in relation to Prime. In the US, Prime is affected by the Federal Reserve...

Closing Costs Explained Visually

by | Title and Closing:

Purchasing a home is exciting. Once escrow begins, the excitement can change to frustration, particularly if you are not ready for the closing costs that quickly accumulate. Closing costs simply refer to the fees associated with various things associated with the...

Title Insurance Explained Visually

by | Title and Closing:

What is title insurance and why should any buyer get it when purchasing a home (single family, townhouse, condo, apartment, or whatever format your home purchase takes)? Doesn’t the attorney or settlement company handling the closing see to it that you have a...