Articles
Articles
How Do Lenders Decide The Maximum Loan Amount That Buyers Can Afford?
http://videotap.wistia.com/medias/s40hvdtedy?embedType=async&videoFoam=true&videoWidth=640 As you’ll see in the video, the lenders consider your debt-to-income ratio, which is a comparison of your gross (pre-tax) income to housing and non-housing...
How Can I Find Out Information About My Credit History?
http://videotap.wistia.com/medias/0i2l2pv5nt?embedType=async&videoFoam=true&videoWidth=640 Watch this video and take a few notes! There are three major credit reporting companies: Equifax - www.equifax.com 1-800-685-1111 Experian - www.experian.com...
What Is A Credit Bureau Score And How Do Lenders Use Them?
http://videotap.wistia.com/medias/0kokcc2imx?embedType=async&videoFoam=true&videoWidth=640 As we show you in this video, a credit bureau score, or “credit score” is a number based upon your credit history that represents the possibility that you...
How Are Pre-Qualifying And Pre-Approval Different?
http://videotap.wistia.com/medias/pymi1jskbq?embedType=async&videoFoam=true&videoWidth=640 Watch this video and it’ll make sense. Pre-qualification is an informal way to see how much you maybe able to borrow. You can be 'pre-qualified' over the phone...
What Is The Best Way To Compare Loan Terms Between Lenders?
http://videotap.wistia.com/medias/g73ogc4e9t?embedType=async&videoFoam=true&videoWidth=640 Watch this video and take a few notes! First, devise a checklist for the information from each lending institution. You should include: the company's name and basic...
What Do I Get At Closing?
http://videotap.wistia.com/medias/7x3p0yyth5?embedType=async&videoFoam=true&videoWidth=640 For most real estate loans, you will receive a Closing Disclosure 3 business days before loan consummation – which frequently happens at the closing meeting. At the...
What Is PMI?
http://videotap.wistia.com/medias/jnzs8g003u?embedType=async&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...
What Are 203(B) And 203(K) Loans?
http://videotap.wistia.com/medias/h8o7o7d2kl?embedType=async&videoFoam=true&videoWidth=640 The video puts this in more visual terms, but 203(b) is the most commonly used FHA program. It offers a low down payment, flexible qualifying guidelines limited lender's...
How Do I Make A Home Ready To Sell?
http://videotap.wistia.com/medias/eyvwhcbqvh?embedType=async&videoFoam=true&videoWidth=640 As we show you in this video, start several months before the property is made available. Look through the eyes of a buyer What needs to be cleaned? Repainted? Repaired?...
How Do I Set The Price On My House?
http://videotap.wistia.com/medias/mhalg6e2gz?embedType=async&videoFoam=true&videoWidth=640 While this video simplifies things to help you remember: your aim is to get the best price AND terms in your market during the period you’re selling. Market...
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