It’s more than just the interest rate! When interviewing prospective mortgage brokers and lenders, you should ask them about their experience and qualifications. Additionally principal and interest payments on a mortgage aren’t the only cost of homeownership – you should also ask the mortgage lender about estimated closing costs, points, loan origination fees, transaction fees and any other costs. Ask what each fee includes and if you are unsure of something, ask the lender for an explanation.

A title company makes sure that the title to a piece of real estate is legitimate and then issues title insurance for that property. Title insurance protects the lender and/or owner against lawsuits or claims against the property that result from disputes over the title. Title companies also often maintain escrow accounts — these contain the funds needed to close on the home — to ensure that this money is used only for settlement and closing costs, and may conduct the formal closing on the home. At the closing, a settlement agent from the title company will bring all the necessary documentation, explain it to the parties, collect closing costs and distribute monies. Finally, the title company will ensure that the new titles, deeds and other documents are filed with the appropriate entities.

It’s more than just the interest rate! When interviewing prospective mortgage brokers and lenders, you should ask them about their experience and qualifications. Additionally principal and interest payments on a mortgage aren’t the only cost of homeownership – you should also ask the mortgage lender about estimated closing costs, points, loan origination fees, transaction fees and any other costs. Ask what each fee includes and if you are unsure of something, ask the lender for an explanation.

A title company makes sure that the title to a piece of real estate is legitimate and then issues title insurance for that property. Title insurance protects the lender and/or owner against lawsuits or claims against the property that result from disputes over the title. Title companies also often maintain escrow accounts — these contain the funds needed to close on the home — to ensure that this money is used only for settlement and closing costs, and may conduct the formal closing on the home. At the closing, a settlement agent from the title company will bring all the necessary documentation, explain it to the parties, collect closing costs and distribute monies. Finally, the title company will ensure that the new titles, deeds and other documents are filed with the appropriate entities.

It’s more than just the interest rate! When interviewing prospective mortgage brokers and lenders, you should ask them about their experience and qualifications. Additionally principal and interest payments on a mortgage aren’t the only cost of homeownership – you should also ask the mortgage lender about estimated closing costs, points, loan origination fees, transaction fees and any other costs. Ask what each fee includes and if you are unsure of something, ask the lender for an explanation.

A title company makes sure that the title to a piece of real estate is legitimate and then issues title insurance for that property. Title insurance protects the lender and/or owner against lawsuits or claims against the property that result from disputes over the title. Title companies also often maintain escrow accounts — these contain the funds needed to close on the home — to ensure that this money is used only for settlement and closing costs, and may conduct the formal closing on the home. At the closing, a settlement agent from the title company will bring all the necessary documentation, explain it to the parties, collect closing costs and distribute monies. Finally, the title company will ensure that the new titles, deeds and other documents are filed with the appropriate entities.

It’s more than just the interest rate! When interviewing prospective mortgage brokers and lenders, you should ask them about their experience and qualifications. Additionally principal and interest payments on a mortgage aren’t the only cost of homeownership – you should also ask the mortgage lender about estimated closing costs, points, loan origination fees, transaction fees and any other costs. Ask what each fee includes and if you are unsure of something, ask the lender for an explanation.

A title company makes sure that the title to a piece of real estate is legitimate and then issues title insurance for that property. Title insurance protects the lender and/or owner against lawsuits or claims against the property that result from disputes over the title. Title companies also often maintain escrow accounts — these contain the funds needed to close on the home — to ensure that this money is used only for settlement and closing costs, and may conduct the formal closing on the home. At the closing, a settlement agent from the title company will bring all the necessary documentation, explain it to the parties, collect closing costs and distribute monies. Finally, the title company will ensure that the new titles, deeds and other documents are filed with the appropriate entities.

It’s more than just the interest rate! When interviewing prospective mortgage brokers and lenders, you should ask them about their experience and qualifications. Additionally principal and interest payments on a mortgage aren’t the only cost of homeownership – you should also ask the mortgage lender about estimated closing costs, points, loan origination fees, transaction fees and any other costs. Ask what each fee includes and if you are unsure of something, ask the lender for an explanation.

A title company makes sure that the title to a piece of real estate is legitimate and then issues title insurance for that property. Title insurance protects the lender and/or owner against lawsuits or claims against the property that result from disputes over the title. Title companies also often maintain escrow accounts — these contain the funds needed to close on the home — to ensure that this money is used only for settlement and closing costs, and may conduct the formal closing on the home. At the closing, a settlement agent from the title company will bring all the necessary documentation, explain it to the parties, collect closing costs and distribute monies. Finally, the title company will ensure that the new titles, deeds and other documents are filed with the appropriate entities.