Category: News & Updates
New Mortgage Rules – What You Need to Know
- Published on Friday, 18 December 2015 15:16
- Written by First National Title Company
- 0 Comments
This past October, a seismic shift occurred in how home mortgage applications are processed and consummated, and these changes have resulted in important conversions in how you’ll interact with your lender. It’s called “Know Before You Owe,” implemented by the Consumer Financial Protection Bureau, after the Dodd-Frank financial reform legislation was passed into law in the wake of the 2008 financial meltdown.
Five Tips to Prepare for Closing
- Published on Monday, 07 December 2015 11:53
- Written by First National Title Company
- 0 Comments
Congratulations! You found the perfect new home, and they accepted your offer. You’ve completed the home inspection, secured financing, and the only thing left is to set the closing date. It’s an exciting time, but also one that many approach anxiously.
Five Things to Look for When Choosing a Title Company
- Published on Friday, 06 November 2015 15:25
- Written by First National Title Company
- 0 Comments
Real estate transactions involve many more people than just the buyer and seller. There are also real estate agents, appraisers, lenders, home inspectors, and other professionals involved. That’s why it’s crucial to find the right title agency to handle all the steps before closing, and make sure that your transaction isn’t delayed.
Title Insurance Benefits You. Here’s How!
- Published on Friday, 30 October 2015 14:28
- Written by First National Title Company
- 0 Comments
With real estate transactions, you need to be confident that the seller is the rightful owner of the property, and that there will be no surprises before or after closing. It’s important to perform the necessary research beforehand to confirm that there are no title defects (also known as “title clouds”) that could bring ownership into question before or after closing. Resolving title clouds can be an expensive and time-consuming process, and without title insurance, you could be personally responsible for exorbitant legal fees and other expenses.
Three Things to NEVER Do When Trying to Secure a Home Loan
- Published on Wednesday, 14 October 2015 12:35
- Written by First National Title Company
- 0 Comments
When trying to qualify for a home mortgage, you have to jump through a lot of hoops. Running down records can be time consuming and frustrating.. But lenders want to be sure when they invest their money on you that you are a good investment.
The last thing you want to do is derail your chances of obtaining a loan by altering your financial standing. Here at First National Title Company, we’ve helped hundreds of Arkansans walk through the doors of their new home, and we want to help you too.
First National Title Company has been verified by a 3rd Party, Erwin & Co., to be in compliance with ALTA Best Practices. Click the ALTA logo to see the Erwin & Co. report.
