TD Bank Responds

A quick update to last week’s TD Bank story.  TD saw our post about a client’s very frustrating experience when refinancing with their bank.  Within an hour or two of seeing the post, TD follows ALT Title on Twitter and reaches out to us: “@ALTTITLE Saw ur tweet. We appreciate your feedback & we’d like to connect…

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TD Bank…America’s Most Frustrating Bank

If you need to know the time and temperature while you’re watching Jimmy Kimmel, cashing a check or depositing a jar of coins on a Sunday morning, TD Bank might just be the bank you’re looking for. If you’re trying to refinance your mortgage, they may just have you looking for a bridge to jump…

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Qualified Mortgage Rule is Common Sense

I invite you to read this recent article by real estate columnist Alan J. Heavens regarding new mortgage rules. Agency’s New Definition May Calm Mortgage Fears, January 27, Philly.com The Consumer Financial Protection Bureau (CFPB) is rolling out new lending rules, designed to help guide lenders in granting consumers safer loans.  Although I am not in favor…

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Highlights of CFPB Proposal

CFPB’s MORTGAGE DISCLOSURE REFORM The Consumer Financial Protection Bureau (CFPB) has proposed changes to the mortgage disclosure process, which would have a major impact on settlement procedures for most consumer mortgages. Click to enlarge graphic. View a 5 page summary of the proposal. Compare the proposed forms to the current forms.

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Refinancing and need to keep your second mortgage?

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

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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Call for Mortgage Disclosure Regulation

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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