Video Course – Mortgages

[op_liveeditor_element][text_block]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.[/text_block][/op_liveeditor_element]

[op_liveeditor_element data-style=””][text_block style=”undefined” align=”left”]Measuring your existing debts against your existing income is one part of a lender’s required assessment of your ability to repay a loan.[/text_block][/op_liveeditor_element]

[op_liveeditor_element data-style=””][text_block style=”undefined” align=”left”]Watch this video and it’ll make sense. Pre-qualification is an informal way to see how much you maybe able to borrow – but not a commitment by a lender.[/text_block][/op_liveeditor_element]

[op_liveeditor_element data-style=””][text_block style=”undefined” align=”left”]This video explains that some specific kinds of lending organizations are exempt from the ability-to-repay laws enacted in 2014.[/text_block][/op_liveeditor_element]

[op_liveeditor_element data-style=””][text_block style=”undefined” align=”left”]To ensure you wont fall victim to loan fraud, as you’ll see in this video, be sure to follow all of these steps as you apply for a loan.[/text_block][/op_liveeditor_element]

[op_liveeditor_element data-style=””][text_block style=”undefined” align=”left”]It usually takes a lender between 1-6 weeks to complete the evaluation of your application.[/text_block][/op_liveeditor_element]

[op_liveeditor_element data-style=””][text_block style=”undefined” align=”left”]There are some great tips in this video. Choose your lender carefully. Look for financial stability and a reputation for customer satisfaction. Do your research, and ask family and friends.[/text_block][/op_liveeditor_element]

[op_liveeditor_element data-style=””][text_block style=”undefined” align=”left”]The video puts this in more visual terms, but your personal situation will determine the best kind of loan for you.[/text_block][/op_liveeditor_element]

[op_liveeditor_element data-style=””][text_block style=”undefined” align=”left”]Watch this video and take a few notes for your checklist.[/text_block][/op_liveeditor_element]

[op_liveeditor_element data-style=””][text_block style=”undefined” align=”left”]Yes, loan origination involves costs and fees. This video highlights a few, but ask and take notes.[/text_block][/op_liveeditor_element]

[op_liveeditor_element data-style=””][text_block style=”undefined” align=”left”]You’ll see some pictures in this video to help you remember later, but a good faith estimate lists all fees paid before closing all closing costs, and any escrow costs you will encounter when purchasing a home.[/text_block][/op_liveeditor_element]

[op_liveeditor_element data-style=””][text_block style=”undefined” align=”left”]RESPA stands for the Federal Real Estate Settlement Procedures Act. This video lays out the main points.[/text_block][/op_liveeditor_element]

[op_liveeditor_element data-style=””][text_block style=”undefined” align=”left”]Appraisers are trained and licensed for expertise in putting a value on properties. Their primary mission is actually to protect the lender who’s risking money against the home’s value.[/text_block][/op_liveeditor_element]

[op_liveeditor_element data-style=””][text_block style=”undefined” align=”left”]Private Mortgage Insurance can add hundreds of dollars per year to mortgage rates so it’s worth learning when you are eligible  to cancel – so watch this video![/text_block][/op_liveeditor_element]