by TitleTap | Feb 24, 2016 | Articles, Social Media
Today I’m going to show you how to properly set up Facebook Accounts for Real Estate professionals including Title Agents, Mortgage Brokers and Law Firms. I’ve found that even though setting up a Facebook account seems trivial, since Facebook has so many...
by TitleTap | Jul 8, 2015 | Articles, Video
Did you know that 78% of people watch videos only at least once a week and 55 percent watch every day. In fact, YouTube is the second largest search engine, and people use video not only for entertainment, but to learn about a topic. Unlike most other types of...
by TitleTap | Jul 2, 2015 | VA Loans:
What Are VA Loans? As the video says, the name is misleading – they’re not loans FROM the VA. The VA – short for “US Department of Veterans Affairs” – is the Federal military veteran benefit system. The VA administers benefits and services for...
by TitleTap | Jul 2, 2015 | VA Loans:
What Are The Major Types Of VA Loans? Major Veterans Affairs loan programs described in this video include: 1) Purchase Loans. These help eligible parties buy a home at competitive interest rates with little to no down payment and little or no private mortgage...
by TitleTap | Jul 2, 2015 | VA Loans:
What Is A Certificate of Eligibility, or COE? The COE is the key document that verifies to lenders that someone is eligible for a VA-backed loan. Servicemembers, Veterans and National Guard and Reserve members may apply online or through their lender; most lenders...
by TitleTap | Jul 2, 2015 | New Homes
Mortgage rates change constantly through an unpredictable combination of government policies and economic conditions. This video explains the common term ‘rate lock.’ A “Rate Lock” is a guarantee that a lender will honor a specific combination of interest...
by TitleTap | Jul 2, 2015 | 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 consumers and...
by TitleTap | Jul 2, 2015 | 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 and...
by TitleTap | Jul 2, 2015 | Mortgages:
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 debt a grocery bill is not. To calculate your...
by TitleTap | Jul 2, 2015 | TRID
If an eligible loan proceeds from Estimate to closing, creditors must provide a Closing Disclosure form documenting the actual transaction terms and costs THREE business days before consummation. It must be in writing, whether paper or digital, and disclose ONLY the...
