Category Archives: Uncategorized

What Is A Rate Lock?

What Is A Rate Lock Featured Image - First United Title Agency, LLC

Mortgage rates change constantly through an unpredictable combination of government policies and economic conditions. Here we will quickly explain what a rate lock is. A “Rate Lock” is a guarantee that a lender will honor a specific combination of interest rates and points for a given period of time. A lock protects a buyer from […]

What Is A Closing Protection Letter?

What Is A Closing Protection Letter Featured Image - First United Title Agency, LLC

We all know that the buyer, seller and lender are required to have a Closing Protection Letter (CPL) for closing, but why? The experts at our title company break it down for you. What is a Closing Protection Letter? The CPL is nothing new. Formerly known as an Insured Closing Letter, many lenders (especially those […]

About The Inspection Period

About The Inspection Period Featured Image - First United Title Agency LLC

Within the Inspection Period defined per the Sales Contract, the buyer is entitled to purchase one or more written home inspection reports deemed necessary. While it is always important to monitor the deadline date of the Inspection Period, it is even more critical if the buyer is getting more than one inspection report. If the […]

Subdivision Restrictions

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Home buyers have a lot of questions about the home they’re interested in purchasing. One common question is about Covenants and Restrictions that apply to the property. Covenants and Restrictions regulate the use, appearance and maintenance of the homes (among other things) of a particular subdivision. Covenants and Restrictions are determined when the developer incorporates […]

The Inspection Period Explained

The Inspection Period Explained Featured Image - First United Title Agency, LLC

Within the Inspection Period defined per the Sales Contract, the buyer is entitled to purchase one or more written home inspection reports deemed necessary. While it is always important to monitor the deadline date of the Inspection Period, it is even more critical if the buyer is getting more than one inspection report. If the […]