In this month’s article we will go over “Schedule B Part I” aka the “Requirements” section of the Title Commitment. For the purposes of this article we will use a Title Commitment issued by Chicago Title Agency, Inc. for reference. If you’re looking for excitement in a Title Commitment the “Requirements” section is almost always [...]
The summer has come to an end... ...the heat is hopefully calming down, and interest rates have hit a high point since 2011. It has been an interesting summer to say the least in our world with refinance mortgages calming down and purchases slowing down as well. Some larger mortgage companies have closed shop in [...]
Remember back in the early and mid-2000’s when no documentation home loans became very popular? If not, perhaps you were still a bit young, you weren’t a self-employed home buyer, or you had not yet become involved in the real estate industry. In any event, if you’re not familiar with what a no doc mortgage [...]
By J.P. Dahdah, Vantage Self-Directed Retirement Plans Being a “self-directed” investor doesn’t mean you have to go through your financial journey alone. In fact, very few high-net worth individuals would tell you that they reached their level financial success by themselves. Making sound financial moves consistently requires a high level of financial literacy and it’s [...]
Mortgage News Today! Andrew Augustyniak, Peoples Mortgage Co. There were a few changes made in relation to QM (Qualified Mortgage) that were implemented in the beginning of January that may affect borrowers. What is Qualified Mortgage? Basically it is a new set of regulations to protect the borrower and make sure that they can afford [...]
What Does Taking Title "Subject to" Mean? by DiAnna Jackman Senior Escrow Officer/Branch Manager Chicago Title Agency When you finally find that perfect investment property and run your numbers, be sure you read the entire contract before you sign. Many investor contracts will indicate that the buyer is to pay all closing costs. This can [...]
