Understanding the Home Appraisal Process

Consumers are often baffled by the home appraisal process. They may feel their home is worth a certain dollar amount, and therefore, the appraised value doesn’t make sense to them. It is important to know that appraisal guidelines are dictated…

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The Top 10 Don’ts During the Loan Approval

  DON’T DO ANYTHING THAT WILL CAUSE A RED FLAG TO BE RAISED BY THE CREDIT SCORING SYSTEM. This would include adding new accounts, co-signing on a loan or changing your name or address with the bureaus. The less activity…

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What is a Title?

A title, for real estate purposes, is the legal way of saying you have the right to ownership and use of a particular property. It can also be a partial interest in the property or full interest. When you have…

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What is a Title Report?

The title report  is a written analysis of the status of the property. This will reveal liens, encroachments, easements and anything else recorded against the property. A title company will compile the report from a search of county records. This is…

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What is an Insurance Declaration Page?

A homeowner insurance declaration page lists your insurance coverage, limits and deductibles. This document includes coverage’s for the dwelling, personal property, unattached structures, personal liability, medical expenses and a loss of use.   Typically your insurance company will provide you…

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Avoiding Changes in Your Financial Profile

During the loan process it is important to not open any new accounts or make changes to your credit. As part of the Loan Quality Initiative, your credit will be reviewed and updated not only at loan application, but also just prior to…

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7 Pros & Cons of Joint Tenancy

Before consulting your attorney or other trusted adviser to determine if joint tenancy with right of survivorship (JTWRS) is right for your situation, it pays to know the pros and cons: A JOINT TENANT’S WILL DOES NOT AFFECT JTWRS PROPERTY….

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The Tenancy by the Entireties for Married Couples

In 24 states, a husband and wife can hold title as tenants by the entireties, which is very similar to joint tenancy. However, neither spouse can convey their tenancy by entirety share without the other spouse’s signature. This ownership form…

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The Primary Joint-Tenacy Advantages

To be legally correct, joint-tenancy real estate ownership means “joint tenancy with right of survivorship.” A few states require use of those exact words on the deed. But in most states, “joint tenancy” is sufficient. Survivorship means the joint tenant…

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Moving Checklist

Preparing to move can be a daunting task, but follow the steps below or download our Moving Checklist and it might not seem as overwhelming. SETTING UP TO MOVE:
 __ Set up a “move” file or folder. __ Set up a…

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