Tag Archives: mortgage refinance

Have You Been Carefully Checking Your Credit Card Bill?

consumer right to choose their title company

If you’re like most people, when your credit card statement arrives in the mail you check each item carefully to make sure that there are no errors and that you’re not being overcharged! And rightfully so, as no one wants to pay more than they are supposed to be paying! In much the same way when […]

Are So-Called ‘Commodity Products’ Really All Created Equal?

comparing commodity products

For those of us whose business involves providing products or services that some may consider to be the same regardless of who it’s purchased from, is this actually the case? For example are all transactional real estate attorney’s the same because, after all, at the end of the day a deal will typically close? How about […]

New York Title Insurance: Always Compare Apples To Apples!

apples photo

For someone in New York buying a home, commercial property or who may be refinancing a mortgage, all title insurance is NOT created equal! As a quick primer title insurance is backward looking, purchased for the purpose of protecting owners of real property and the lender that may have provided financing. Title insurance ensures the fact that when a buyer/mortgage refinancer closes, […]

To What Lengths Will Hallmark Abstract Service Go For Clients? (Video)

NYC title insurance,Long Island title insurance

This photo is a portrayal of just how far that is! In other words if there is ever an instance where an attorney, property owner, property buyer, mortgage bank or anyone else find themselves in the midst of a title insurance related emergency, Hallmark Abstract Service will scale or descend from any height necessary to help! The truth is, however, […]

Title Insurance: 5 Things Every Homebuyer And Mortgage Refinancer Should Know!

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Typically a homebuyer will let their attorney take the lead when it comes to the title insurance portion of a purchase transaction! Similarly those refinancing a mortgage will do the same with their lending institution. And while that is certainly all well and good think about this…In any purchase that a consumer makes (particularly expensive and important […]

Why Is A New Lender’s Title Insurance Policy Required For A Mortgage Refinance?

Is a new lender’s title insurance policy for a mortgage refinance just a way for the industry to make more money? For some who are currently refinancing or who have refinanced a mortgage in the past, this is the exact question that many will ask! After all lender’s title insurance was purchased when they originally bought their property […]

FHA Reduces Risk To Institutions Lending To Low FICO Score Borrowers

The Federal Housing Administration (FHA) is tweaking its single-family Neighborhood Watch System! In what appears to this untrained eye to be a move back towards some of the excesses that brought the financial crisis on in the first place, FHA is adjusting its Neighborhood Watch System in an attempt to spark more mortgage lending to borrowers with lower […]

Appraisers Vs. Homeowners: A Perennial Push And Pull!

Today there is a real possibility that when the appraiser of a home comes back with a value, it may not match the expectations of the homeowner! This contrasts with the old days, or more precisely the go-go years pre-financial crisis, when appraisers, homeowners, homebuyers and mortgage companies seemingly worked in concert resulting in a homes value […]

Title Insurance: Some Basic Facts!

Title Insurance: Protects the property owner from an undiscovered issue THAT HAS HAPPENED IN THE PAST where most other insurance lines protect the purchaser from some future event! If you are financing a home or refinancing an existing mortgage the lender will require a title policy, known as the Loan Policy, to protect the collateral securing the […]

Real Estate: The CEMA And How It Can Potentially Save You Money!

Everything you always wanted to know about the CEMA (Consolidation Extension and Modification Agreement) but may not have known to ask! While commonly used in commercial real estate transactions, the CEMA or Consolidation Extension and Modification Agreement can also be used by residential real estate buyers and mortgage refinancers to save money on their closing […]