by marcbrownpa | Feb 21, 2017 | Title and Closing
Title Insurance Explained Visually 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...
by marcbrownpa | Feb 14, 2017 | Title and Closing
What Can I Expect To Happen On Closing Day? While this video simplifies things to help you remember: you’ll present your paid homeowner’s insurance policy or a binder and receipt showing that the premium has been paid. The closing agent will then...
by marcbrownpa | Feb 1, 2017 | Mortgages:
What Is The Debt-To-Income Ratio (DTI)? Measuring your existing debts against your existing income is one part of a lender’s required assessment of your ability to repay a loan. Like the video says: debts are existing financial commitments; a car payment is a...
by marcbrownpa | Feb 1, 2017 | Mortgages:
What Does Ability To Repay Mean? 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...
by marcbrownpa | Feb 1, 2017 | Mortgages:
What Is A Qualified Mortgage? 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...
