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What Is A Rate Lock?
http://bucket.wistia.com/medias/dydjboafhm?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 lock.' A...
What Is A Certificate of Eligibility, or COE?
http://bucket.wistia.com/medias/8jvq387xx2?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, Veterans...
What Are The Major Types Of VA Loans?
http://bucket.wistia.com/medias/730lv01f55?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 Loans. These help eligible parties buy a home at...
What Are VA Home Loans?
http://bucket.wistia.com/medias/6ei8t7jzpf?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 Department of Veterans Affairs” - is the Federal...
When Do I Get My Loan Closing Disclosure?
http://bucket.wistia.com/medias/1bycdaef77?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 days...
Understanding Your Loan: Additional Information Can Be Important
http://bucket.wistia.com/medias/l3qermbzfb?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 loan be...
Understanding Your Loan: Closing Disclosure Page 1
http://bucket.wistia.com/medias/qdewnp37kh?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 into the APR...
What Steps Need To Be Taken To Secure A Loan?
http://bucket.wistia.com/medias/8x4lwd23y6?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 the following...
What Are Discount Points?
http://bucket.wistia.com/medias/3pgio4fg3o?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 with each point equaling...
What Is An Escrow Account? Do I Need One?
http://bucket.wistia.com/medias/92n7iqjfry?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 charges for...