Industry News
What Is A Credit Bureau Score And How Do Lenders Use Them?
http://bucket.wistia.com/medias/u5w9vrja5d?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 will be unable...
What Is The Best Way To Compare Loan Terms Between Lenders?
http://bucket.wistia.com/medias/tndxe42s8a?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 Is A Loan Estimate And How Does It Help Me?
http://bucket.wistia.com/medias/85ubzgkmod?embedType=async&videoFoam=true&videoWidth=640 A loan estimate lists your loan terms projected payments, costs at closing measures for comparison, including Annual Percentage Rate and Total Interest Percentage and...
What Do I Get At Closing?
http://bucket.wistia.com/medias/d0dk9514jr?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 Are 203(B) And 203(K) Loans?
http://bucket.wistia.com/medias/5s23jrt1dm?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...
What Is PMI?
http://bucket.wistia.com/medias/671vyv0ukh?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...