Quitclaim Deed
​ Quitclaim Deed: A deed relinquishing all interest, title or claim in a property by a grantor. Accomplished without representing that such title is valid, nor containing any warranty or covenants of title.​ ​ CALL US AT OUR 24 HOUR CUSTOMER SERVICE HOTLINE: 1-800-562-0004 Our Business Hours are: Mon – Friday from 10:00am to 6:00pm
Saturday from 10:00am – 2:00pm When you have legal business questions, Attorney Omar Zambrano is here to help! Contact us today to schedule your
Proration
​​ Proration: The method used in dividing charges into that portion which applies only to a party’s ownership up to a particular date​. CALL US AT OUR 24 HOUR CUSTOMER SERVICE HOTLINE: 1-800-562-0004 Our Business Hours are: Mon – Friday from 10:00am to 6:00pm
Saturday from 10:00am – 2:00pm When you have legal business questions, Attorney Omar Zambrano is here to help! Contact us today to schedule your FREE CONSULTATION.
Private Mortgage Insurance (PMI)
​​ Private Mortgage Insurance (PMI): Insurance written by a private mortgage insurance company protecting the mortgage lender against loss occasioned by a mortgage default and foreclosure. CALL US AT OUR 24 HOUR CUSTOMER SERVICE HOTLINE: 1-800-562-0004 Our Business Hours are: Mon – Friday from 10:00am to 6:00pm
Saturday from 10:00am – 2:00pm When you have legal business questions, Attorney Omar Zambrano is here to help! Contact us today to schedule your FREE CONSULTATION.
Principal
​ Principal: The sum of money outstanding upon which interest is payable. Also refers to one who is served by an agent. CALL US AT OUR 24 HOUR CUSTOMER SERVICE HOTLINE: 1-800-562-0004 Our Business Hours are: Mon – Friday from 10:00am to 6:00pm
Saturday from 10:00am – 2:00pm When you have legal business questions, Attorney Omar Zambrano is here to help! Contact us today to schedule your FREE CONSULTATION.
Points
​​ Points: A fee charged by the lender to fund a loan, in addition to and separate from other fees charged. One point equals one percent of the amount of the loan.​ ​ CALL US AT OUR 24 HOUR CUSTOMER SERVICE HOTLINE: 1-800-562-0004 Our Business Hours are: Mon – Friday from 10:00am to 6:00pm
Saturday from 10:00am – 2:00pm When you have legal business questions, Attorney Omar Zambrano is here to help! Contact us today to schedule your FREE CONSULTATION.
PITI Ratio
​​ PITI Ratio: The principal, interest, tax and insurance payment to income ratio. Used in mortgage lending decisions. ​ CALL US AT OUR 24 HOUR CUSTOMER SERVICE HOTLINE: 1-800-562-0004 Our Business Hours are: Mon – Friday from 10:00am to 6:00pm
Saturday from 10:00am – 2:00pm When you have legal business questions, Attorney Omar Zambrano is here to help! Contact us today to schedule your FREE CONSULTATION.
PITI
​​ PITI: Refers to principal, interest, taxes and insurance, the four majorcomponents of a usual monthly mortgage payment. CALL US AT OUR 24 HOUR CUSTOMER SERVICE HOTLINE: 1-800-562-0004 Our Business Hours are: Mon – Friday from 10:00am to 6:00pm
Saturday from 10:00am – 2:00pm When you have legal business questions, Attorney Omar Zambrano is here to help! Contact us today to schedule your FREE CONSULTATION.
Perfecting Title
​​ Perfecting Title: Process involving the elimination of any adverse claims against a title. ​ CALL US AT OUR 24 HOUR CUSTOMER SERVICE HOTLINE: 1-800-562-0004 Our Business Hours are: Mon – Friday from 10:00am to 6:00pm
Saturday from 10:00am – 2:00pm When you have legal business questions, Attorney Omar Zambrano is here to help! Contact us today to schedule your FREE CONSULTATION.
Mortgage
​​ Mortgage: A legal document used to secure the performance of an obligation.​ ​ CALL US AT OUR 24 HOUR CUSTOMER SERVICE HOTLINE: 1-800-562-0004 Our Business Hours are: Mon – Friday from 10:00am to 6:00pm
Saturday from 10:00am – 2:00pm When you have legal business questions, Attorney Omar Zambrano is here to help! Contact us today to schedule your FREE CONSULTATION.
Metes and Bounds
​​ Metes and Bounds: A form of land description in which boundaries are described by courses, directions, distances and monuments. ​ CALL US AT OUR 24 HOUR CUSTOMER SERVICE HOTLINE: 1-800-562-0004 Our Business Hours are: Mon – Friday from 10:00am to 6:00pm
Saturday from 10:00am – 2:00pm When you have legal business questions, Attorney Omar Zambrano is here to help! Contact us today to schedule your FREE CONSULTATION.
