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What Are The Major Types Of 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...

Capital Title’s President & COO Inducted as President of Michigan Land Title Association

You know him as the guy that likes to laugh and inject humor into everyday life, including his public speaking. Tom Lico, President and COO of Capital Title Insurance Agency first began doing open mic nights at local comedy clubs after taking a 6-week Comedy 101 class...

What Is A Certificate of Eligibility, or COE?

http://videotap.wistia.com/medias/vft0qhph9b?embedType=async&videoFoam=true&videoWidth=640 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,...

What Is A Rate Lock?

http://videotap.wistia.com/medias/viysmffbaf?embedType=async&videoFoam=true&videoWidth=640 Mortgage rates change constantly through an unpredictable combination of government policies and economic conditions. This video explains the common term 'rate...

Real Estate Closings Are Like Baseball

A Fenway Story… A few years back my family and I went to Maine for vacation. The day we landed in Boston the Red Sox were playing the Rays in the nostalgic Fenway Park. We decided to go in order to kick off vacation quickly, and to give our kids the REAL baseball...

What Is A Qualified Mortgage?

http://videotap.wistia.com/medias/fiqvomy2o6?embedType=async&videoFoam=true&videoWidth=640 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...

What Does Ability To Repay Mean?

http://videotap.wistia.com/medias/5uusyfx5e6?embedType=async&videoFoam=true&videoWidth=640 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...

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 calculate your...