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What Is The Debt-To-Income Ratio (DTI)?
http://bucket.wistia.com/medias/vde776qv16?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 loan. Like the video says: debts are...
What Does Ability To Repay Mean?
http://bucket.wistia.com/medias/qqydbibmmv?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 borrower’s capacity to pay...
What Is A Qualified Mortgage?
http://bucket.wistia.com/medias/pbxl05j4sv?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 and loan terms for a new...
What Is A Rate Lock?
http://bucket.wistia.com/medias/w846tgxtqo?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/lk5w6kxn4d?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/hhqt2r7qm6?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...
