by www.newenglandtitle.com | Jan 13, 2014 | Financing:
RESPA stands for the Federal Real Estate Settlement Procedures Act. This video tells you about it all. RESPA requires lenders to disclose information to potential customers throughout the mortgage process. By doing so, it protects borrowers from abuses by lending...
by www.newenglandtitle.com | Jan 13, 2014 | Title and Closing
This video simplifies things and explains what happens on closing day and what payments they buyer and seller might be responsible for. You’ll present your paid homeowner’s insurance policy or a binder and receipt showing that the premium has been paid....
by www.newenglandtitle.com | Jan 13, 2014 | Federal Programs
While this video simplifies things to help you remember, except for the addition of an FHA mortgage insurance premium, FHA closing costs are similar to those of a conventional loan. As of 2013, the FHA requires a single, upfront mortgage insurance premium equal to...
by www.newenglandtitle.com | Jan 13, 2014 | Title and Closing
What you’ll see in this video is, there may be closing costs customary or unique to a certain locality but closing costs are usually made up of the following: Attorney’s or escrow fees (Yours and your lender’s if applicable) Property taxes (to cover...
