http://fwd5.wistia.com/medias/k2s9ve8t3b?embedType=iframe&videoFoam=true&videoWidth=640 To ensure you won’t fall victim to loan fraud, as you’ll see in this video, be sure to follow all of these steps as you apply for a loan: Read More
http://fwd5.wistia.com/medias/28u1pgvx1f?embedType=iframe&videoFoam=true&videoWidth=640 Pre-qualification is an informal way to see how much you maybe able to borrow. You can be ‘pre-qualified’ over the phone with no paperwork by telling a lender your Read More
http://fwd5.wistia.com/medias/2lz4qt1ogc?embedType=iframe&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 loan. Like the video says: debts are Read More
http://fwd5.wistia.com/medias/2dks5gcxre?embedType=iframe&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, Read More
http://fwd5.wistia.com/medias/d59yznjpj7?embedType=iframe&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 Read More
http://fwd5.wistia.com/medias/28h51kfcir?embedType=iframe&videoFoam=true&videoWidth=640 Equity is the value YOU own in property such as a house. It’s the difference between what’s OWED and what the property is WORTH in the current market. The Read More
http://fwd5.wistia.com/medias/ldoh1npc4o?embedType=iframe&videoFoam=true&videoWidth=640 The Prime Lending Rate – sometimes just called “Prime” – is the interest rate that banks charge each other for overnight loans. Some consumer rates – like ARMs – Read More
http://fwd5.wistia.com/medias/lsitkdfa0f?embedType=iframe&videoFoam=true&videoWidth=640 This video tells you about it all. PMI stands for Private Mortgage Insurance or Insurer. These are privately-owned companies that provide mortgage insurance. They offer both standard and special Read More
http://fwd5.wistia.com/medias/welthz1jzx?embedType=iframe&videoFoam=true&videoWidth=640 Like the video shows, mortgage insurance is a policy that protects lenders against some or most of the losses that result from defaults on home mortgages. Like home or Read More
http://fwd5.wistia.com/medias/4qe7r5eukj?embedType=iframe&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 with each point equaling 1% of Read More
