TRID changes mortgage disclosures along with the process of disclosing, documenting, and closing a mortgage loan and everyone needs to know the new rules. If you are a Real Estate Professional, hopefully by now you are very familiar with the new regulation rules c... Read More
What Realtors, attorneys, buyers, & sellers need to know about how TRID will change a purchase closing For most real estate professionals, TRID is the least understood big regulation in history probably and it starts October 3, 2015! Can a lender, settlement a... Read More
What Realtors, attorneys, buyers, & sellers need to know about how TRID will change a purchase closing TRID: Get familiar with the new forms taking the place of current ones (No more HUD, GFE, TIL, & others) and the totally new process. Make sure that you... Read More
What Realtors, attorneys, buyers, & sellers need to know about how TRID will change a purchase closing Whether everyone likes it or not, the TILA RESPA Integrated Disclosure Rule or TRID, is going to happen on October 1, 2015. TRID which is mandated as part of ... Read More
FHA Flipping Rules Explained There are two main categories of real estate investors. The first is a long term hold strategy. Secondly, there is flip which is a short term sell for profit strategy. A property flip is when investors purchase a home, renovate it,... Read More
Abandoned UST Issues Explained UST sounds like a disease, doesn’t it? Although, it can cause major issues on a purchase. Therefore if a buyer uses a VA or USDA loan and the property has an abandoned UST, read closely. Usually, the appraisal or the purcha... Read More
Lenders cannot discriminate based on a borrowers age. A retired even at an advanced age can get a 30 year term We are surprised when we occasionally hear someone say something like “Well I am 65 years old, so I can only get a 10 or 15 year mortgage, right?... Read More
Social Security disability income protects individuals no longer able to work at the same prior level. In the past lenders had difficulty in meeting a mortgage loan approval. This requirement included proof that the income “should” continue for at lea... Read More
Check Out The Latest
- Lake Waccamaw Named Top 25 Small Lake TownsJune 27, 2017 - 10:10 am
Whether it is for a vacation home or to live in a quiet town, Lake Waccamaw has a lot to offer. Actually the lake was recently named to the “Top 25 Small Lake Towns We’re Seriously Obsessed With“. Additionally the Country Living article ranked the quaint little lake town as #6 in the country! It […]
- Assistance Available for SC Buyers in Need of a Down PaymentJune 22, 2017 - 6:29 pm
So many things seem to block saving for a down payment on a house. High rent payments, car repairs, hospital bills, plus other expenses get in the way. But, there is a special program which allows South Carolina buyers to become homeowners! It is called the down payment assistance SC program. This program combines either an FHA or […]
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