Title Company Rockville, MD
When you have urgent title and settlement requests that can be processed in no time, you can look to a dependable title company in the Rockville, MD area. Finding out the history of a certain property is an important part of every buyer or seller checklist. Whatever your real estate concerns are, it is important that you let a company with a history of excellent customer service help you. If you are looking to place a title order, you can rely on the specialized resources offered by a reputable company like Capitol Title Group.
Title Company in Rockville, Maryland
Since 1973, the Capitol Title Group has served the Maryland region, helping a diverse range of customers, such as homeowners, lenders, brokers, and realtors. As an attorney-owned company, we have a firm understanding of what it takes to oversee successful settlements and provide excellent customer service on a regular basis. Our skilled certificated settlement officers and attorneys who hold years of experience know how to respond to the concerns of customers and work with them to find effective solutions. If you are looking for trusted title services that you can rely on, contact us today to get started.
Fast and Easy-To-Use Online System
Conducting a title search for your home can be disorienting and difficult to keep up with, especially if you are new to the process. There are a lot of steps you have to complete in a short window of time, and any issue or delay can be a roadblock. Our online services save you the hassle of manually submitting a request for a title order. If you would like an update regarding your order status, our skilled settlement officers can guide you through each step. Any questions that you have about using our services will be handled swiftly.
Providing a Better Customer Experience
As a Rockville, Maryland title company that offers a host of resources for its customers, there are a number of things that we can help you with to make your transaction go as smoothly as possible. Buying a new property can be stressful, whether you are a new homeowner or are transitioning from one place to another. Sometimes unexpected issues can occur that you are not sure how to handle. When you are nearing the final stages of a purchase, you want to make sure everything is accurate, up to date, and free of last-minute hurdles. Our team can give you the customized support to resolve your situation in a way that is efficient and convenient.
How Refinancing Can Save You Money
As the years go on, you may find out that your mortgage is harder to pay for. Perhaps you have had children, switched jobs, or found that you need to make plenty of repairs to your house. Whatever the reason, you may be wondering if there is any way you can get a lower monthly payment on your house and save some money every month. One option you have is refinancing your home. If you are interested in learning more about this, speak with your Rockville title company to see how this can save you money.
What can refinancing do for you?
There are many ways that refinancing can benefit you. You should speak with your title company about whether it is a good time to refinance and what that could mean for different aspects of your mortgage.
Cash isn’t the problem. It is always possible that cash is not the problem. Perhaps you are making every monthly payment on time and have gotten a promotion since you moved into your house. If you have extra cash, you might be wondering if you can pay your house off sooner. Talk with your title company about switching from a 30-year mortgage to a 15-year mortgage. Not only can you pay your house off sooner, but you will likely be paying less in interest overall, saving you thousands.
The interest rates are low. If you have been hearing that the interest rates are really low right now, it may be time for you to refinance. When you refinance at lower interest rates, you are effectively paying less each month on your loan.
You need money in your pocket. It is possible to refinance to a lower monthly rate while extending the life of your loan. While this option probably isn’t saving you money in the long run, it can help you to get the cash you need for necessary expenses now.
Get equity out. If you have a lot of equity in your home, you may realize that you can get it out by refinancing, particularly if you have a more urgent need for that money. Especially in situations where you may have higher debts to pay off now or wish to make improvements on your home, you can refinance to get equity out and pay other things off. This can be a huge benefit to you.
If you are interested in refinancing and learning how it could benefit you, reach out to our office now to see what we can do for you.
Title and Escrow Services Are Available
No matter the nature of your request, Capitol Title Group is there by your side. We believe in being transparent with our customers and maintaining good communication so that you are informed every step of the way. To request the services offered by a top-rated title company in Rockville, MD residents can trust, send us a message so we can learn more about your specific situation and start working on a solution that’s best for you.
Understanding the Different Types of a 1031 Exchange
Fundamentally there are two types of 1031 exchanges. These are the forward 1031 exchange and the reverse 1031 exchange. The notable difference between the two is what property was closed on first: the old or the new. In addition to these primary two types of 1031 exchange properties, there are a few other types available. To learn more about what option might be best suited to your situation, please talk with a 1031 exchange agent from Capitol Title Group.
When there will be construction of a building on land that is owned, it is considered to be a leasehold improvement exchange, or build to suit exchange. To take advantage of the 1031 exchange, the exchanger must trade up in equity and debt. If you are interested in this type of exchange, you will need to convey to another party the property that is to be improved. This must be done at least six months beforehand. The party will then enter into a 30 year, 180 day calendar lease with an EAT who will make improvements using funds provided by the exchanger. There are many rules for improvement exchanges which is why you should speak with a 1031 exchange agent for further guidance.
Property that is sold and replaced by a similar property at the same time, and at the same office is called a simultaneous exchange. Although it is the original form of 1031 exchange, it can be logistically difficult to achieve, especially when there are properties involved in different states. In this transaction, only one party can do a 1031 exchange.
As the most common type of 1031 exchange, this involves one property that is sold with the replacement property being purchased within 180 days; however, it should be identified no later than 45 days after selling the initial property.
Exchange of Personal Property
It is possible to sell one asset and acquire a similar, or same, type of asset within a 180 day time period. Asset could be anything that is considered personal property and appreciates or depreciates in value. Examples of these include corporate aircraft, shipping vessels, automobiles, livestock, gold coins, paintings, and artwork.
When the replacement property is bought prior to selling the property, it is known as a reverse exchange. This option may be available when an exchanger is required to close on the new property, but a buyer has not yet been found for the property that is for sale. There are special considerations for these types of 1031 exchanges such as:
- The exchanger cannot own both properties at the same time
Some states may have complications, especially with deed transfers and taxes
- Sale clauses could exist with the current holder of the mortgage. Ask your 1031 exchange agent for clarification
Capitol Title Group A 1031 Exchange Intermediary in Rockville, MD
Each type of 1031 exchange has its own advantages and disadvantages as well as potential complications. Sometimes there is only one option to an otherwise impossible transaction. To learn about your investment options, contact us today.