Latest Blog & News Posts

Our latest news and blog posts covering a wide variety of topics we believe will be helpful for current and prospective clients.
The Closing Disclosure

The closing disclosure is a document that lenders are required, by law, to provide to borrowers outlining the terms, conditions, and expenses of the mortgage loan. Throughout the loan process you will receive several estimates starting with the initial loan estimate, possibly a revised loan estimate, then a preliminary closing disclosure and finally the closing disclosure.

Understanding and Reviewing the Title Commitment

When you close on a home one of the documents you will be asked to review at the closing table is a document referred to as a “title commitment.” It is one of the most important documents in the real estate closing process. Without a title commitment a bank will not lend you money to purchase the property. They want to know the risks upfront prior to agreeing to fund the purchase. Moreover, they will want to reduce that risk even further by insuring the transaction itself through what is known as “title insurance.” Insurance companies are just like banks; they don’t want to take on any unnecessary risks. And won’t issue a title insurance policy without knowing the risk factors involved.

The Buyer’s Closing Checklist

The closing stage of the homebuying process is a major milestone. Itis the final hurdle before the house is finally yours. Before you can officially take ownership of your new home, you and the seller will need to review, authorize, and sign a number of documents. These are the steps that comprise the closing process. Then, on closing day, you will become the legal owner of your new property.

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