Welcome to the ALT Title Blog

 

"Now more than ever, savvy home buyers are turning to the web to better understand the process of buying, selling and refinancing real estate."

-Frank Dowd, Founder & Former President of ALT

Refinancing and need to keep your second mortgage?

By Frank Dowd | Sep 19, 2012

Often times, smaller can mean more personal service, better interest rates and faster loan approvals.  But avoid a bank that is too small and looking for more ways to increase revenue at your expense! With millions of Americans refinancing their homes to take advantage of historically low interest rates, some banks are smelling blood in the…

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It’s still a good time to refinance

By Frank Dowd | Sep 11, 2012

For those who may be thinking about refinancing an existing mortgage, we’d like to share an email we sent out to our clients at the start of summer.  In case you thought you missed out, it’s still a good time to refinance.  A few things to consider: First and foremost, rates continue to drop!  If your current rate…

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ALT is here to help!

By Frank Dowd | Sep 5, 2012

When we say “ALT is here to help you” we really mean it! We recently did a closing for a nice couple in Bucks County.  They bought a new home, and just started moving in Labor Day weekend.  They had a steam cleaning service come in to clean the basement carpets.  The technician gave them…

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The Facts on Title Insurance

By Frank Dowd | Aug 15, 2012

What is title insurance? Title insurance protects the home owner and mortgage lender against ownership disputes relating to your property. Title Insurance is a specific type of insurance, paid in a one-time fee during settlement, which protects you and your lender in the event of a dispute over the property’s rightful owner. Think of it…

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How much does title insurance cost?

By Frank Dowd | Aug 15, 2012

The cost of title insurance for a sale is determined by the purchase price for the property and for a refinance, the loan amount determines the price.  Title insurance premiums, which are approved by the state department of insurance,  are a one-time payment. In Pennsylvania, there are different title insurance rates for a home purchase…

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Avoid End of Month

By Frank Dowd | Aug 14, 2012

After twenty plus years in this business I still can’t figure out why the majority of real estate settlements take place at the end of the month? The buyer doesn’t save any money and the lenders are so busy that you receive everything last minute leading to more anxiety. If you’re buying real estate and…

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Call for Mortgage Disclosure Regulation

By Frank Dowd | Aug 14, 2012

Have you ever purchased or refinanced real estate and had to deal with the stress of getting your final closing costs last-minute, because you were at the mercy of your lender?   Hopefully, that may be changing soon! The U.S. Consumer Financial Protection Bureau is currently considering a mortgage disclosure regulation in which lenders would…

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Money Saving Tips for the Summer

By Frank Dowd | Aug 14, 2012

As homeowners, we all like to reduce the household expenses whenever we can. Given the high temperatures in our region these last few weeks, here are a few money-saving tips for keeping your AC bill under control: 1.  Clean or replace the filter.  A dirty filter restricts the amount of air passing over the cooling coils.  It’s…

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