apr: 9 Common Real Estate Terms That Often Confuse Home Buyers/Sellers - 09/18/09 08:11 AM
9 Common Real Estate Terms That Often Confuse Home Buyers/Sellers
 
I wanted to take a minute and clarify some definitions of some commonly used Real Estate Terms.  I believe that as a Realtor it is my duty to educate you to use the correct terminology and understand the meaning.
 
1) Mortgage - This is one of the most commonly misunderstood words I come across.  Most people think that a Mortgage is a loan.  A Mortgage is a legal document that pledges a property to the lender as security for payment of the loan/debt.
  
2) Realtor - A Realtor, … (3 comments)

apr: New Truth In Lending Act Disclosure Requirements Home Buyers Should Know About - 08/01/09 02:44 AM
Revisions to the Truth In Lending Acts disclosure requirements took place July 30, 2009.  Many believethe new requirements will be a challenge for lenders to comply and also may cause delays for closings.  Only time will tell, but once again the process has become more complicated.  The new revisions are as follows.
 
• The new requirements apply to all mortgages secured by a borrower's home, including
primary and second homes and refinancings. Investor loans continue to be exempt.
• Lenders must give good faith estimates of mortgage loan costs within 3 business days
after the consumer applies for a loan … (0 comments)

 
Christopher Pagli, "I Stay Open Until You Close" (William Raveis Legends Realty Group) Rainmaker large

Christopher Pagli

"I Stay Open Until You Close"

Tarrytown, NY

More about me…

William Raveis Legends Realty Group

Address: 38 Main St, Tarrytown, NY, 10591

Mobile: 914 406 9023

Email Me

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