T
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Title 1 |
| an
FHA-insured loan that
allows a borrower to
make non-luxury
improvements (such as
renovations or repairs)
to their home; Title I
loans less than $7,500
don't require a property
lien. |
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Title insurance
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|
Insurance that protects
the lender against any
claims that arise from
arguments about
ownership of the
property; also available
for homebuyers. |
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Title search
|
| A check
of public records to be
sure that the seller is
the recognized owner of
the real estate and that
there are no unsettled
liens or other claims
against the property.
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Truth-in-Lending
|
| A
federal law obligating a
lender to give full
written disclosure of
all fees, terms, and
conditions associated
with the loan initial
period and then adjusts
to another rate that
lasts for the term of
the loan. |
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If you have any
questions or would like more information, please contact me
828.262.1836, 800.473.2653, 828.963.0376,
email me, or use the online request form.
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