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What Is The Debt-To-Income Ratio (DTI)?

http://videotap.wistia.com/medias/zrlllkjfu0?embedType=async&videoFoam=true&videoWidth=640 Measuring your existing debts against your existing income is one part of a lender’s required assessment of your ability to repay a...

What Does Ability To Repay Mean?

http://videotap.wistia.com/medias/hgmlskhxdk?embedType=async&videoFoam=true&videoWidth=640 What are the “Ability to repay” rules about? In a nutshell, as this video shows, new laws require lenders to make a good-faith assessment of a...

What Is A Qualified Mortgage?

http://videotap.wistia.com/medias/jpvtxy4he8?embedType=async&videoFoam=true&videoWidth=640 As this video explains, Federal laws put into effect in 2014 and supervised by the Consumer Financial Protection Bureau define lending practices...

What Is A Rate Lock?

http://videotap.wistia.com/medias/hyeyz8jllf?embedType=async&videoFoam=true&videoWidth=640 Mortgage rates change constantly through an unpredictable combination of government policies and economic conditions. This video explains the common term 'rate...

What Is A Certificate of Eligibility, or COE?

http://videotap.wistia.com/medias/fpibljgrxd?embedType=async&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,...

What Are The Major Types Of VA Loans?

http://videotap.wistia.com/medias/f9kx39y8s4?embedType=async&videoFoam=true&videoWidth=640 What Are The Major Types Of VA Loans? Major Veterans Affairs loan programs described in this video include: 1) Purchase...

What Are VA Home Loans?

http://videotap.wistia.com/medias/6yw1frudeb?embedType=async&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...

Understanding Your Loan: Additional Information Can Be Important

http://videotap.wistia.com/medias/5m5smfmxon?embedType=async&videoFoam=true&videoWidth=640 Page 4 of your Closing Disclosure is important. It is NOT just standardized form information that is identical for every loan. Review these terms: Assumption: can this...

Understanding Your Loan: Closing Disclosure Page 1

http://videotap.wistia.com/medias/ooas6cq606?embedType=async&videoFoam=true&videoWidth=640 The first page of your Closing Disclosure documents: The Loan Amount - the total you will actually borrow The Interest Rate - which does NOT include the fees factored...

When Do I Get My Loan Closing Disclosure?

http://videotap.wistia.com/medias/jzfg3nhfaj?embedType=async&videoFoam=true&videoWidth=640 If an eligible loan proceeds from Estimate to closing, creditors must provide a Closing Disclosure form documenting the actual transaction terms and costs THREE business...