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Equity National Title is a company that's dedicated not only to awesome experiences and community involvement, but to education as well. We maintain this blog so that we can be a valuable resource to homeowners, lenders and realtors. 

 

Some borrowers lying on mortgage applications

By: Equity National   June 15, 2015   No Tags   Closing

Some borrowers lying on mortgage applications

Owner-occupied loans are a better deal than investment property loans, which is one reason why many borrowers lie on their mortgage applications to get a better deal.  On their mortgage applications, home buyers are required to indicate whether they are borrowing for a primary residence, secondary residence or an investment property. The act of misrepresenting the sort of residence a mortgage is intended for is called “occupancy fr...

Setting the Budget for Your Kitchen Remodel

By: Equity National   June 9, 2015   No Tags   Uncategorized

Setting the Budget for Your Kitchen Remodel

You have your new kitchen planned out in your head, you know what color scheme you want, and you have a contractor lined up to take the next step. However, before you pick up the phone to schedule that contractor, you will want to add another line on your to-do list: Setting up your kitchen remodel budget. Even if you are working with a small kitchen design, you can easily end up spending more than you anticipated if you are not careful. S...

Bankruptcy not an option for canceling second mo...

By: Equity National   June 4, 2015   No Tags   Uncategorized

Bankruptcy not an option for canceling second mo...

On Monday, June 1 the Supreme Court ruled that homeowners who file for bankruptcy will not be able to cancel their second mortgages if they owe more on the loans than their houses are worth.  Bankruptcy no longer an option for stripping second mortgages The case, Bank of America, N.A. v. Caulkett, pitted a homeowner who argued that because the second mortgage is paid off after the first, it is essentially useless, against the loan provid...

Insurance basics for first time homebuyers

By: Equity National   June 2, 2015   No Tags   Uncategorized

Insurance basics for first time homebuyers

The right homeowner’s insurance policy is one of the most important items a home buyer can purchase. A home is often an individual’s biggest asset so it is critical to protect it with enough insurance. Always recommend that your clients ask their insurance agent detailed questions about their policy. However, for some basics about what homeowners insurance typically covers, take a look at the list below. The structure of the home...

Freddie Mac: Still weak housing market continues...

By: Equity National   June 1, 2015   No Tags   Closing

Freddie Mac: Still weak housing market continues...

Though recent statistics from one government-sponsored enterprise indicate a relatively weak housing market, a deeper look into the numbers shows increasing stability through the months and years.  The Multi-Indicator Market Index, or MiMi, is a measure used by Freddie Mac to determine the stability of both the national housing market as well as that of metro areas. The national MiMi value was assessed as 75.4, a figur...

Helping your clients avoid common home selling m...

By: Equity National   May 26, 2015   No Tags   Uncategorized

Helping your clients avoid common home selling m...

Making a sale for your clients can be a great experience. The thrill of leaving a closing after everything went smoothly can put smiles on the faces of everyone involved. But when a house doesn’t sell, it can lead to a lot of frustration for everyone involved. Most real estate professionals know that when a home doesn’t sell, it could have absolutely nothing to do with the market. It could be about presentation. Here are a few tips to ...

Millennials not pleased with housing options

By: Equity National   May 22, 2015   No Tags   Closing

Millennials not pleased with housing options

The majority of millennials are still renting, but not because many of them want to. Some of these young potential homebuyers just aren’t happy with the options available to them. A report released by the Urban Land Institute, called “America in 2015,” attempted to illustrate various age groups’ satisfaction with their communities and housing options. The goal was to measure quality of life for Americans of various background...

7 Time Management Tips for a Balanced Life

By: Equity National   May 19, 2015   No Tags   Uncategorized

7 Time Management Tips for a Balanced Life

Research by the American Psychological Association, shows that reducing stress levels may protect an individual’s health long-term. However, most of us have a difficult time reducing our stress levels because we live in a world of constant pressure from job responsibilities, education goals, children’s activities, caring for elderly relatives, managing our finances, and much more. These responsibilities often require much of our time so t...

Housing performance continues creeping up

By: Equity National   May 18, 2015   No Tags   Title

Housing performance continues creeping up

Gradually, the U.S. housing recovery continues in the approximately 360 U.S. metro markets.  Of those locations, the National Association of Home Builders/First American Leading Markets Index has identified 68 that have reached or exceeded normal housing and economic performance levels. Seven of those markets saw a year-over-year net gain. Nationwide LMI score edges up Based on current permit, employment and price data, the ...

What's important to millennial homebuyers?

By: Equity National   May 14, 2015   No Tags   Title

What's important to millennial homebuyers?

A new wave of homebuyers is set to wash over the housing market and with it comes new sentiment about what’s important in a home and how the buying process should go.  Mortgage rates are low, housing inventory is high and the cost of rentals is soaring – the perfect storm has come together and people in their twenties and early thirties are primed to leave a significant imprint on the home buying process. These days, following the cra...

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