July 18, 2018

Lending Rule Changes Take Effect Monday

The Urban Turf offers some helpful information on new lending rules set to take effect on Oct 3: "What DC Homebuyers Need to Know Starting Monday. New home loan applications received on or after this Saturday will be subject to the Consumer Financial Protection Bureau’s final rule for TRID. TRID stands for TILA-RESPA Integrated Disclosures, forms that will replace existing closing disclosures as well as the HUD-1 settlement statement. The introduction of these new forms will come with new … [Read more...]

Title Insurance: What it is, and Why You Need It!

While most insurance policies offer protection for future circumstances, title insurance actually protects you against things that happened in the past. And it’s something you need, not only to complete your home purchase but also to ensure you keep your home. For a one-time premium, title insurance protects you in the event someone tries to claim ownership to all or part your property—even after you buy it. It could be prior owners, heirs of prior owners and even individuals who performed … [Read more...]

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