Articles
ALTA Wire Fraud Tips Video
When buying a home, be on alert for email or phone scams that will try to steal your money. Criminals can pose as your real estate agent, settlement agent or other trusted professional and provide false instructions for wiring mortgage closing funds. Watch this video...
What Is Equity?
http://videotap.wistia.com/medias/qtle1em2bj?embedType=async&videoFoam=true&videoWidth=640 Equity is the value YOU own in property such as a house. It’s the difference between what’s OWED and what the property is WORTH in the current...
What Are Real Estate Commissions?
http://videotap.wistia.com/medias/l5gh6ue8qf?embedType=async&videoFoam=true&videoWidth=640 Like the video says - real estate agents aren’t paid by the hour!They’re paid a percentage of the purchase price in a successful real estate...
What Is “Prime”?
http://videotap.wistia.com/medias/3fbi0fxclh?embedType=async&videoFoam=true&videoWidth=640 The Prime Lending Rate - sometimes just called “Prime” - is the interest rate that banks charge each other for overnight loans. Some consumer...
What Are Discount Points?
http://videotap.wistia.com/medias/378k6glkbe?embedType=async&videoFoam=true&videoWidth=640 Discount points allow you to lower your interest rate. While this video simplifies things to help you remember, “points” are essentially prepaid interest...
What Is An Escrow Account? Do I Need One?
http://videotap.wistia.com/medias/x1gpwihqeg?embedType=async&videoFoam=true&videoWidth=640 As we show you in this video, an escrow account is an account, established by your lender, to set aside a portion of your monthly mortgage payment to cover annual...
What Steps Need To Be Taken To Secure A Loan?
http://videotap.wistia.com/medias/4u90oqf45v?embedType=async&videoFoam=true&videoWidth=640 You’ll see some pictures in this video to help you remember later, but the first step in securing a loan is to complete a loan application. To do so, you'll need...
What Is A Mortgage?
http://videotap.wistia.com/medias/mjs94ager1?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 Loan To Value (LTV) And How Does It Affect The Size Of My Loan?
http://videotap.wistia.com/medias/6fqms41fdt?embedType=async&videoFoam=true&videoWidth=640 While this video simplifies things to help you remember, the loan to value ratio is the amount of money you borrow compared with the price or appraised value of the home...
What Types Of Mortgage Loans Are Available?
http://videotap.wistia.com/medias/3izk74ii2r?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...
