How Are Pre-Qualifying And Pre-Approval Different?

by mcgeheeloanclosings | Jan 13, 2014 | Financing: | 0 Comments

http://bucket.wistia.com/medias/lvsxxuxasx?embedType=async&videoFoam=true&videoWidth=640 Watch this video and it’ll make sense. Pre-qualification is an informal way to see how much you maybe able to borrow. You can be 'pre-qualified' over the phone with no paperwork...

What Is A Credit Bureau Score And How Do Lenders Use Them?

by mcgeheeloanclosings | Jan 13, 2014 | Credit: | 0 Comments

http://bucket.wistia.com/medias/25q5cpvhpm?embedType=async&videoFoam=true&videoWidth=640 As we show you in this video, a credit bureau score, or “credit score” is a number based upon your credit history that represents the possibility that you will be unable to repay...

How Can I Find Out Information About My Credit History?

by mcgeheeloanclosings | Jan 13, 2014 | Credit: | 0 Comments

http://bucket.wistia.com/medias/h50lotmfl7?embedType=async&videoFoam=true&videoWidth=640 Watch this video and take a few notes! There are three major credit reporting companies: Equifax - www.equifax.com 1-800-685-1111 Experian - www.experian.com 1-888-397-3742 Trans...

How Do Lenders Decide The Maximum Loan Amount That Buyers Can Afford?

by mcgeheeloanclosings | Jan 13, 2014 | Starting: | 0 Comments

http://bucket.wistia.com/medias/vijdqhnhp5?embedType=async&videoFoam=true&videoWidth=640 As you’ll see in the video, the lenders consider your debt-to-income ratio, which is a comparison of your gross (pre-tax) income to housing and non-housing expenses. Non-housing...

How Does Purchasing A Home Compare With Renting?

by mcgeheeloanclosings | Jan 13, 2014 | Starting: | 0 Comments

http://bucket.wistia.com/medias/x6ztfraweh?embedType=async&videoFoam=true&videoWidth=640 Like the guy in the video says, the two don't really compare at all. The one advantage of renting is being generally free of most maintenance responsibilities. But by renting, you...

How Do I Begin The Process Of Buying A Home?

by mcgeheeloanclosings | Jan 13, 2014 | Starting: | 0 Comments

http://bucket.wistia.com/medias/8uqf994zb9?embedType=async&videoFoam=true&videoWidth=640 Remember these pointers from the video: start by thinking about your situation. Are you ready to buy a home? How much can you afford in a monthly mortgage payment? How much space...