by suncoastonetitle | Mar 1, 2019 | Mortgages:
This video tells you about the most common types: Fixed Rate, ARM, Balloon and 2-Step. First, Fixed Rate Mortgages: Payments remain the same for the life of the loan generally 15 years or 30 years. Interest rates remain the same, so payments are predictable. A...
by suncoastonetitle | Mar 1, 2019 | Mortgages:
The original phrase “mort gage” translates as “death pledge”! But as this video explains, a mortgage is a loan obtained to purchase real estate. The “mortgage” itself is a lien – a legal claim on the home or property that secures the promise...
by suncoastonetitle | Mar 1, 2019 | Mortgages:
Yes. Like the video shows, lenders now offer several affordable mortgage options which can help first-time homebuyers overcome obstacles that made purchasing a home difficult in the past. Lenders may now be able to help borrowers who don’t have a lot of...
by ttdev | Feb 7, 2019 | Mortgages:
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...
by ttdev | Feb 6, 2019 | Credit:, Financing:, Mortgages:
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 goes beyond immediate income, debt...
by ttdev | Feb 5, 2019 | Credit:, Going To Market:, Mortgages:, Sales Process:, Title and Closing
What is the Debt-to-Income Ratio? Can you afford to buy a house? Check out this short video to see how they decide if you might qualify for a mortgage! We close many loans in Port Charlotte, Punta Gorda and North Port, FL. Measuring your existing debts against...
