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What you may not know about the Good Faith Estimate (GFE)

Posted by FirstAm Editor

The Real Estate Settlement Procedures Act requires a mortgage lender to issue a Good Faith Estimate to all potential borrowers. When you apply for a mortgage, make sure you receive this form from your lender.

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Tags: Homebuyer and Seller Education

Happy Thanksgiving from First American!

Posted by FirstAm Editor

As American as apple pie (or title insurance, for that matter!), Thanksgiving is a time when we can reflect on our blessings and spend time with loved ones. This year, take some inspiration from these great quotes and have a happy and safe Thanksgiving.

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What is a tolerance cure?

Posted by FirstAm Editor

Whether you're new to the homebuying process or a seasoned veteran, the concept of a tolerance cure might still be a little hazy to you. But it's an important to term to know, because it protects you from overpaying some of your loan costs. Even if you have a real estate professional to guide you through these unfamiliar terms, it's still a good idea to go into a closing with your own knowledge about a tolerance cure.

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Tags: Homebuyer and Seller Education

Would you buy a haunted house?

Posted by FirstAm Editor


Every night you hear the floorboards creak from footsteps when no one is home, and you swear you felt someone standing behind you only a moment ago. Living in a house with these kinds of creepy occurrences may not be appealing to most, but a recent survey from Realtor.com found that a number of Americans would actually be willing to buy a haunted house.

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Tags: Homebuyer and Seller Education, Industry News

myFirstAm™ Integrates Cloud-Based Information Folders and Storage Locations

Posted by FirstAm Editor

Staying organized is easier said than done – especially when you’re a busy, on-the-go real estate professional. To help facilitate better organization, some real estate agents have turned to leveraging cloud-based services that boost efficiency and productivity, while at the same time helping them go paperless.

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Tags: technology, myfirstam

10 Steps to Buying a Home [VIDEO] Part 2

Posted by FirstAm Editor

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Tags: Homebuyer and Seller Education, New Home Buying

10 Steps to Buying a Home [VIDEO] Part 1

Posted by FirstAm Editor

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Tags: Homebuyer and Seller Education

Top 5 things to know about GFE fees and tolerance levels

Posted by FirstAm Editor

When you apply for a mortgage, your lender will provide a Good Faith Estimate, often referred to simply as a GFE. A GFE is a government-standardized form that gives estimates of the charges and fees that will be associated with closing your transaction. The lender is required to issue the GFE within three business days after receiving your loan application and it is valid for 10 business days following.

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Tags: Homebuyer and Seller Education

How does a new-construction home affect the title search process?

Posted by FirstAm Editor

Building a brand new home on an empty lot gives you a great deal of flexibility and freedom as a homeowner. There is no prior house to renovate or add onto; you basically have a blank canvas to make all your own. So if you are the first one to live in your home, can you skip the title insurance? 

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Tags: Homebuyer and Seller Education

Get Pre-approved for Your Mortgage

Posted by FirstAm Editor

Getting pre-approved for a mortgage involves having a lender evaluate your financial data to determine whether you qualify for a loan, as well as the maximum amount. This is done by having a loan officer review your income, savings, credit report and debt-to-income ratio. Getting pre-approved can provide mortgage borrowers with numerous benefits and make the homebuying process easier.

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Tags: Homebuyer and Seller Education