Blog
How Should I Prepare For Internet Showing?
Today, if you have a home for sale in the Cape Coral, Fort Myers or surrounding areas, your first “showing” will be on the Internet - you're watching this on the Internet, right?
Your price, listing description and PHOTOS determine whether someone will visit in...
What Factors Affect Mortgage Payments?
Looking to buy property in the Fort Myers or Cape Coral areas? Curious about what factors can impact your mortgage payments on that property?
Well, as this story shows, the amount of the down payment, the size of the mortgage loan, the interest rate, the length of ...
What Kinds Of Loans Do TRID Disclosures Cover?
Do the TRID rules apply to your Fort Myers or Cape Coral area real estate?
TRID rules apply to MOST consumer credit transactions secured by real property. These include mortgages, refinancing, construction-only loans closed-end home-equity loans, and loans secured ...
What Is Equity?
Have you heard the term "Equity" before and wandered what it actually means? In short, Equity is the value YOU own in property such as a house. It’s the difference between what’s OWED and what the property is WORTH in the current market.
In the example this vide...
How Can I Find Out About Schools & Community Resources?
Often times we at Title Junction get asked about how to find more information about schools and community resources. One of the easiest ways to do that is to contact the Chamber of Commerce for either
What Is The Debt-To-Income Ratio (DTI)?
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 calcul...
What Is A Rate Lock?
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
What Is A Qualified Mortgage?
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 consumer...
What Does Ability To Repay Mean?
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...
What Are VA Home 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 Service...