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What Types Of Mortgage Loans Are Available?

http://videotap.wistia.com/medias/ebk2gk6f03?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...

What Is A Mortgage?

http://videotap.wistia.com/medias/ctkk2dvnv3?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....

What Factors Affect Mortgage Payments?

http://videotap.wistia.com/medias/glcu8ciusy?embedType=async&videoFoam=true&videoWidth=640 Well, as this story shows, the amount of the down payment the size of the mortgage loan, the interest rate the length of the repayment term and payment schedule will all...

How Large A Down Payment Do I Need?

http://videotap.wistia.com/medias/qq01meivpm?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...

Are There Special Mortgages For First-Time Homebuyers?

http://videotap.wistia.com/medias/xa5puo09t9?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...

What About A Home Located In A Flood Plain?

http://videotap.wistia.com/medias/wxiu1m0rfh?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....

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

http://videotap.wistia.com/medias/d01c0xin0f?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...