http://fwd5.wistia.com/medias/v6wosaefyl?embedType=iframe&videoFoam=true&videoWidth=640 The original phrase “mort gage” translates as “death pledge”! But as this video explains, a mortgage is a loan obtained to purchase real estate. The “mortgage” itself is a Read More
http://fwd5.wistia.com/medias/zpy8wss79n?embedType=iframe&videoFoam=true&videoWidth=640 What Is A Certificate of Eligibility, or COE? The COE is the key document that verifies to lenders that someone is eligible for a VA-backed loan. Servicemembers, Veterans and Read More
http://fwd5.wistia.com/medias/8tq7de6whu?embedType=iframe&videoFoam=true&videoWidth=640 What Are The Major Types Of VA Loans? Major Veterans Affairs loan programs described in this video include: 1) Purchase Loans. These help eligible parties buy a home at Read More
http://fwd5.wistia.com/medias/9ml2wvv3y1?embedType=iframe&videoFoam=true&videoWidth=640 What Are VA Loans? As the video says, the name is misleading – they’re not loans FROM the VA. The VA – short for “US Department of Veterans Affairs” Read More
http://fwd5.wistia.com/medias/bnxl3q2cr2?embedType=iframe&videoFoam=true&videoWidth=640 The most common FHA program is the 203(b) FHA Loan. It offers a low down payment, flexible qualifying guidelines limited lender’s fees, and a maximum loan amount. A 203(k) Read More
http://fwd5.wistia.com/medias/hv1jsd2a68?embedType=iframe&videoFoam=true&videoWidth=640 While this video simplifies things to help you remember, except for the addition of an FHA mortgage insurance premium, FHA closing costs are similar to those of a conventional Read More
http://fwd5.wistia.com/medias/x1q2po2gqw?embedType=iframe&videoFoam=true&videoWidth=640 The video explains the steps in FHA loans in more visual terms. With the exception of a few additional forms, the FHA loan application process is similar to that Read More
http://fwd5.wistia.com/medias/p187h7jh49?embedType=iframe&videoFoam=true&videoWidth=640 Remember these points from the video: The FHA works to make home-ownership a possibility for more Americans. With the FHA, you don’t need perfect credit or a high-paying job Read More
One of the regulations associated with the new TRID forms is a 3-day rule. The 3-Day rule mandates borrowers MUST receive the Closing Disclosure 3-days before the closing date. This new Read More
http://fwd5.wistia.com/medias/4ywrhj6rq4?embedType=iframe&videoFoam=true&videoWidth=640 What you’ll see in this video is, there may be closing costs customary or unique to a certain locality but closing costs are usually made up of the following: Read More
