| This truly depends on the type of transaction. Home loans (either purchase or refinance) generally can be concluded within 30 days. Commercial loans generally take about 60 days.
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| There are costs involved with buying or refinancing that are just plain unavoidable. For instance, you will always incur the cost of a property appraisal, title and escrow fees, interest, and lender fees. The fees charged by Jaxon and Associates ensure that you will have help along the way and someone who will answer your questions. |
| Believe it or not, mortgage brokers are used by more people than those working directly with a lender. Why do so many people rely on a broker? Simply put, the reason is our expertise. We know which loan programs are available and suitable for each client. We also have contacts and are aware of which lender would be your best match. Many people choose a mortgage broker for the fact that we handle the paperwork. |
| The short answer is the title company is an insurance company that will protect the integrity of your ownership against fraudulent claims. Are you required to have it? Yes. Even if you don’t want it, the lender requires the protection that a title company offers. |
| All real estate transactions are governed by the rules of the State Department of Real Estate. You can usually change your mind at any time during a transaction without penalty. However, in purchase transactions, to be fair to the Seller, there will be a time that if you change your mind, you may incur a cost. In a loan transaction, federal law provides a 3-day rescission period within which you can cancel a transaction with no obligation. This applies only to your residence, however. |
