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How Does The Interest Rate Factor In Securing A Mortgage Loan?

http://videotap.wistia.com/medias/2ux1xl3mk5?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...

What Is Included In A Monthly Mortgage Payment?

http://videotap.wistia.com/medias/g333z6e4js?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,...

Can I Pay Off My Loan Ahead Of Schedule?

http://videotap.wistia.com/medias/5rnw9p4z2t?embedType=async&videoFoam=true&videoWidth=640 Usually, Yes. Like the guy in the video says, by sending in extra money each month or making an extra payment at the end of the year you can accelerate the process of...

What Types Of Mortgage Loans Are Available?

http://videotap.wistia.com/medias/9sjkvh9akt?embedType=async&videoFoam=true&videoWidth=640 This video tells you about the most common types: Fixed Rate, ARM, Balloon and 2-Step. First, Fixed Rate Mortgages: Payments remain the same for the life of the loan...

What Is A Mortgage?

http://videotap.wistia.com/medias/3to3y3tle2?embedType=async&videoFoam=true&videoWidth=640 The original phrase “mort gage” translates as “death pledge”! But as this video explains, a mortgage is a loan obtained to purchase real estate....

What Is Earnest Money, And How Much Should I Set Aside?

http://videotap.wistia.com/medias/zc3q2qfab5?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...

Are There Special Mortgages For First-Time Homebuyers?

http://videotap.wistia.com/medias/ovy816vov5?embedType=async&videoFoam=true&videoWidth=640 Yes. Like the video shows, lenders now offer several affordable mortgage options which can help first-time homebuyers overcome obstacles that made purchasing a home...

What Are “Home Warranties”, And Should I Consider Them?

http://videotap.wistia.com/medias/5uba9z2u9t?embedType=async&videoFoam=true&videoWidth=640 You’ll see some pictures in this video to help you remember later, but essentially, home warranties offer you protection for a specific period of time, such as one...