Industry News
How Do Lenders Decide The Maximum Loan Amount That Buyers Can Afford?
http://bucket.wistia.com/medias/44k4m4ui1s?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 expenses....
How Are Pre-Qualifying And Pre-Approval Different?
http://bucket.wistia.com/medias/oat8uzpw9t?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 with no...
How Can I Find Out Information About My Credit History?
http://bucket.wistia.com/medias/y7v1vqoqhs?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://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...