Industry News
How Large A Down Payment Do I Need?
http://bucket.wistia.com/medias/ikkipbdq67?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 remember...
What Is Included In A Monthly Mortgage Payment?
http://bucket.wistia.com/medias/ov9errtjhw?embedType=async&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,...
What Factors Affect Mortgage Payments?
http://bucket.wistia.com/medias/ah2gvq9ekz?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...
How Does The Interest Rate Factor In Securing A Mortgage Loan?
http://bucket.wistia.com/medias/hp7cfqozui?embedType=async&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 as you shop...
What About A Home Located In A Flood Plain?
http://bucket.wistia.com/medias/7ng3gcy0fe?embedType=async&videoFoam=true&videoWidth=640 A flood plain is an area of land adjacent to a stream or river that experiences flooding during periods of high discharge. Watch this video and it’ll make sense. If you...
What Is Earnest Money, And How Much Should I Set Aside?
http://bucket.wistia.com/medias/uvfw3c314i?embedType=async&videoFoam=true&videoWidth=640 Like the video shows, “earnest money” is money you put down to demonstrate your seriousness about buying a home. It must be substantial enough to demonstrate good faith...