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What Is Included In A Monthly Mortgage Payment?

http://bucket.wistia.com/medias/r2gh7w3owu?embedType=async&videoFoam=true&videoWidth=640 The monthly mortgage payment mainly pays off principal and interest. But most lenders also include local real estate taxes homeowner's insurance, and mortgage insurance, if...

How Large A Down Payment Do I Need?

http://bucket.wistia.com/medias/oy3l0sib93?embedType=async&videoFoam=true&videoWidth=640 There are mortgage options now available that only require a down payment of 5% or less of the purchase price. You’ll see some pictures in this video to help you remember later -...

What Types Of Mortgage Loans Are Available?

http://bucket.wistia.com/medias/ey6e5s37gg?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 generally 15...

What Is A Mortgage?

http://bucket.wistia.com/medias/b5yix3qq1v?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. The "mortgage" itself is a lien -...

Are There Special Mortgages For First-Time Homebuyers?

http://bucket.wistia.com/medias/tfkqge2kai?embedType=async&videoFoam=true&videoWidth=640 Yes. Like the video shows, lenders now offer several affordable mortgage options which can help first-time homebuyers overcome obstacles that made purchasing a home difficult in...

What Is Earnest Money, And How Much Should I Set Aside?

http://bucket.wistia.com/medias/t2bdxpjemv?embedType=async&videoFoam=true&videoWidth=640 Like the video shows, “earnest money” is money you put down to demonstrate your seriousness about buying a home. It must be substantial enough to demonstrate good faith and is...

What About A Home Located In A Flood Plain?

http://bucket.wistia.com/medias/4eze0h1lld?embedType=async&videoFoam=true&videoWidth=640 A flood plain is an area of land adjacent to a stream or river that experiences flooding during periods of high discharge. Watch this video and it’ll make sense. If you live in a...