Seller Credits or Seller contributions are negotiated between the buyer and seller as part of your purchase and sale agreement and are most commonly expressed as a percentage of the purchase price.  The amount of the credit is taken from the seller’s proceeds and applied to the buyers closing costs, reducing the amount of cash […]

Reasons to Secure a Home Mortgage Refinance Time changes all things, which is why it is a good time to see if refinancing can benefit you! Some of the most common reasons for refinancing a mortgage are to obtain a lower interest rate, remove private mortgage insurance, or to change loan programs. Any of these […]

You’ve just finished submitting your loan application to your loan officer, sharing what feels like your entire life’s information. Then you receive a list of mortgage documents you need to share with your lender and it seems more exhaustive than the application! It can be overwhelming to see everything that they need and can feel […]

If you are shopping for a mortgage it’s important to understand that there are two main types of mortgages available to you. These are a fixed rate mortgage and an adjustable rate mortgage (ARM).  Just as it sounds, a fixed rate mortgage has an interest rate that is set to stay the same over the […]

Buying a home can be a complex process with a lot of moving parts and things to keep track of. One thing that tends to get forgotten is your credit. After your loan officer pulls your credit for pre-qualification, you may think you’re all set. You use your credit cards to buy everything you’re going […]

When you are shopping for a mortgage there are a lot of considerations. The last thing you need is unfamiliar lingo bogging you down. When you begin the process of buying a new home, make sure you use this mortgage terminology guide to help you navigate the process. 6 Key Mortgage Terms 1. Fixed-rate mortgage: […]

A credit score is a number that third parties, especially lenders, use to assess the risk of lending you money. The score is one way banks, credit card companies and other institutions determine the likelihood that you can or will be able to pay off any debts you accumulate. A higher credit score indicates that […]

Whether you’re a first time home buyer or going through the buying process again, being financially prepared and aware of the house buying process is key for a successful purchase. At Title Mortgage Solution, LLC we want to ensure that the process of buying a house is a seamless transaction, and in order to help […]

According to an article published by CNBC contributor Jessica Dickler, consumers may see higher credit scores if improved standards are implemented on July 1. Equifax, Experian and Transunion are continually seeking ways to ensure they maintain accurate and current information, but the number one consumer complaint is that information is inaccurate, and the time it takes […]

What is escrow? “Escrow” is a term thrown around a lot in the mortgage industry, but to many clients it is a mysterious word their loan officer says when asking, “Would you like to escrow?” It can throw any first time buyer for a loop in a process that can already seem overwhelming. So what […]