What Steps Need To Be Taken To Secure A Loan?
http://videotap.wistia.com/medias/rvfxxxu5gw?embedType=async&videoFoam=true&videoWidth=640 You’ll see some pictures in this video to help you remember later, but the first step in securing a loan is to complete a loan application. To do so, you'll need...
What Is An Escrow Account? Do I Need One?
http://videotap.wistia.com/medias/amv2wceng4?embedType=async&videoFoam=true&videoWidth=640 As we show you in this video, an escrow account is an account, established by your lender, to set aside a portion of your monthly mortgage payment to cover annual...
What Are Discount Points?
http://videotap.wistia.com/medias/8lqmghj2gw?embedType=async&videoFoam=true&videoWidth=640 Discount points allow you to lower your interest rate. While this video simplifies things to help you remember, “points” are essentially prepaid interest...
How Large A Down Payment Do I Need?
http://videotap.wistia.com/medias/yx22hch8ib?embedType=async&videoFoam=true&videoWidth=640 There are mortgage options now available that only require a down payment of 5% or less of the purchase price. You’ll see some pictures in this video to help you...
What Factors Affect Mortgage Payments?
http://videotap.wistia.com/medias/owhmlmu2wc?embedType=async&videoFoam=true&videoWidth=640 Well, as this story shows, the amount of the down payment the size of the mortgage loan, the interest rate the length of the repayment term and payment schedule will all...
Can I Pay Off My Loan Ahead Of Schedule?
http://videotap.wistia.com/medias/sc96w0ooms?embedType=async&videoFoam=true&videoWidth=640 Usually, Yes. Like the guy in the video says, by sending in extra money each month or making an extra payment at the end of the year you can accelerate the process of...
What Is Loan To Value (LTV) And How Does It Affect The Size Of My Loan?
http://videotap.wistia.com/medias/qgbmkoho9s?embedType=async&videoFoam=true&videoWidth=640 While this video simplifies things to help you remember, the loan to value ratio is the amount of money you borrow compared with the price or appraised value of the home...
What Are The Advantages Of 15- And 30-Year Fixed-Rate Mortgages?
http://videotap.wistia.com/medias/4vpqn2hg0e?embedType=async&videoFoam=true&videoWidth=640 For both, as we show you in this video, compared with other options, with fixed rates, housing costs won’t be affected by interest rate changes and...
What Is A Rate Lock?
http://videotap.wistia.com/medias/n9wh7zdz4g?embedType=async&videoFoam=true&videoWidth=640 Mortgage rates change constantly through an unpredictable combination of government policies and economic conditions. This video explains the common term 'rate...
What Is The Debt-To-Income Ratio (DTI)?
http://videotap.wistia.com/medias/7s4sdejfxo?embedType=async&videoFoam=true&videoWidth=640 Measuring your existing debts against your existing income is one part of a lender’s required assessment of your ability to repay a...
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