How Are Pre-Qualifying And Pre-Approval Different?

by | Jul 26, 2017 | Financing:

  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 by telling a lender your income, your long-term debts and how large a...

What Is A Loan Estimate And How Does It Help Me?

by | Jul 26, 2017 | Financing:

  A loan estimate lists your loan terms projected payments, costs at closing measures for comparison, including Annual Percentage Rate and Total Interest Percentage and other considerations that lender may apply to this loan application. Each lender must supply a...

How Do I Choose The Best Loan Program For Me?

by | Jul 26, 2017 | Financing:

  The video puts this in more visual terms, but your personal situation will determine the best kind of loan for you. By asking yourself a few questions, you can help narrow your search among the many options available and discover which loan suits you best. Do...

What Is RESPA?

by | Jul 26, 2017 | Financing:

  RESPA stands for the Federal Real Estate Settlement Procedures Act. This video tells you about it all. RESPA requires lenders to disclose information to potential customers throughout the mortgage process. By doing so, it protects borrowers from abuses by...