Category: News & Updates
Five Ways to Prepare Yourself When Buying a New Home
- Published on Monday, 21 December 2015 11:24
- Written by First National Title Company
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Buying a home is one of the most important events in your life, and even the most straightforward deals involve a lot of advance preparation. It’s important to be sure that everything is in place, so that there are no surprises before closing.
New Mortgage Rules – What You Need to Know
- Published on Friday, 18 December 2015 15:16
- Written by First National Title Company
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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
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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
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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
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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.
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