Blog

What Is Included In A Monthly Mortgage Payment?

by title247 | Oct 19, 2017 | Mortgages:

http://bucket.wistia.com/medias/kchix4vhg5?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...

What Are The Advantages Of 15- And 30-Year Fixed-Rate Mortgages?

by title247 | Oct 19, 2017 | Mortgages:

http://bucket.wistia.com/medias/3iad01krws?embedType=async&videoFoam=true&videoWidth=640 For both, as we show you in this video, compared with other options, with fixed rates, housing costs won’t be affected by interest rate changes and inflation. With A 30-Year...

What Types Of Mortgage Loans Are Available?

by title247 | Oct 19, 2017 | Mortgages:

http://bucket.wistia.com/medias/0w49izj7e2?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 Loan To Value (LTV) And How Does It Affect The Size Of My Loan?

by title247 | Oct 19, 2017 | Mortgages:

http://bucket.wistia.com/medias/n3yfifip5v?embedType=async&videoFoam=true&videoWidth=640 While this video simplifies things to help you remember, the loan to value ratio is the amount of money you borrow compared with the price or appraised value of the home you are...

What Is A Mortgage?

by title247 | Oct 19, 2017 | Mortgages:

http://bucket.wistia.com/medias/4i4nt4pgze?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?

by title247 | Oct 19, 2017 | Mortgages:

http://bucket.wistia.com/medias/j4swkjaqku?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 Are “Home Warranties”, And Should I Consider Them?

by title247 | Oct 19, 2017 | Selecting:

http://bucket.wistia.com/medias/ufovzspnfx?embedType=async&videoFoam=true&videoWidth=640 You’ll see some pictures in this video to help you remember later, but essentially, home warranties offer you protection for a specific period of time, such as one year, against...

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

by title247 | Oct 19, 2017 | Selecting:

http://bucket.wistia.com/medias/sol3y1ggzk?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?

by title247 | Oct 19, 2017 | Selecting:

http://bucket.wistia.com/medias/ukfjgvq173?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...

Is An Older Home A Better Value Than A New One?

by title247 | Oct 19, 2017 | Finding:

http://bucket.wistia.com/medias/tc2klvvwew?embedType=async&videoFoam=true&videoWidth=640 Well, as this story shows, there isn't a definitive answer to this question. You should look at each home for its individual characteristics. Generally, older homes may be in more...