http://fwd5.wistia.com/medias/dbfgjt6p0m?embedType=iframe&videoFoam=true&videoWidth=640 The monthly mortgage payment mainly pays off principal and interest. But most lenders also include local real estate taxes homeowner’s insurance, and mortgage insurance, if applicable. If you are Read More
http://fwd5.wistia.com/medias/hxkbpclm4r?embedType=iframe&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 Read More
http://fwd5.wistia.com/medias/yqyii446cx?embedType=iframe&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 inflation. With A Read More
http://fwd5.wistia.com/medias/cmtzoc0icf?embedType=iframe&videoFoam=true&videoWidth=640 As you’ll see in the video, a lower interest rate allows you to borrow more money than a high rate with the some monthly payment. Interest rates can fluctuate Read More
http://fwd5.wistia.com/medias/fl0cncldl4?embedType=iframe&videoFoam=true&videoWidth=640 This video tells you about the most common types: Fixed Rate, ARM, Balloon and 2-Step. First, Fixed Rate Mortgages: Payments remain the same for the life of the loan Read More
http://fwd5.wistia.com/medias/bwes79dhza?embedType=iframe&videoFoam=true&videoWidth=640 Yes. Like the video shows, lenders now offer several affordable mortgage options which can help first-time homebuyers overcome obstacles that made purchasing a home difficult in the past. Lenders Read More
http://fwd5.wistia.com/medias/5zkry6bxx4?embedType=iframe&videoFoam=true&videoWidth=640 What are the “Ability to repay” rules about? In a nutshell, as this video shows, new laws require lenders to make a good-faith assessment of a borrower’s capacity to pay Read More
http://fwd5.wistia.com/medias/air8644axa?embedType=iframe&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 Read More
http://fwd5.wistia.com/medias/91zejjm6al?embedType=iframe&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 Read More
http://fwd5.wistia.com/medias/zj0gm9j5ti?embedType=iframe&videoFoam=true&videoWidth=640 As this video explains, Federal laws put into effect in 2014 and supervised by the Consumer Financial Protection Bureau define lending practices and loan terms for a new category called “Qualified Read More
