Betty Goyens, Your Malibu Agent


Two-Step Mortgage

2022-01-14T00:44:09-05:00January 14, 2022||

A mortgage in which the borrower receives a below-market interest rate for a specified number of years (most often seven or 10), and then receives a new interest rate adjusted (within certain limits) to market [...]

Truth In Lending Act

2022-01-14T00:43:57-05:00January 14, 2022||

A federal law requiring disclosure of the annual percentage rate to homebuyers shortly after they apply for the loan. Also known as Regulation Z.

Total Expense Ratio

2022-01-14T00:43:45-05:00January 14, 2022||

Total obligations as a percentage of gross monthly income including monthly housing expenses plus other monthly debts.

Title Search:

2022-01-14T00:43:33-05:00January 14, 2022||

An examination of public records to determine the legal ownership of property. Usually the records are recorded with the County Recorders office. The search is usually performed by a title company using computerized records.

Title Insurance

2022-01-14T00:43:20-05:00January 14, 2022||

Insurance to protect the buyer and lender against losses arising from disputes over the ownership of a property.


2022-01-14T00:43:04-05:00January 14, 2022||

A legal concept relating to ownership of property.

Third-Party Origination

2022-01-14T00:42:55-05:00January 14, 2022||

When a lender uses another party to completely or partially originate, process, underwrite, close, fund or package the mortgages it plans to deliver to the secondary mortgage market.

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