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What Is The Debt-To-Income Ratio (DTI)?

http://bucket.wistia.com/medias/u8ikyrdhfl?embedType=async&videoFoam=true&videoWidth=640 Measuring your existing debts against your existing income is one part of a lender’s required assessment of your ability to repay a loan. Like the video says:  debts are...

What Does Ability To Repay Mean?

http://bucket.wistia.com/medias/se8yforltf?embedType=async&videoFoam=true&videoWidth=640 What are the “Ability to repay” rules about? In a nutshell, as this video shows, new laws require lenders to make a good-faith assessment of a borrower’s capacity to pay...

What Is A Qualified Mortgage?

http://bucket.wistia.com/medias/n3i9rmlk37?embedType=async&videoFoam=true&videoWidth=640 As this video explains,  Federal laws put into effect in 2014 and  supervised by the Consumer Financial Protection Bureau define lending practices and loan terms for a new...

What Is A Rate Lock?

http://bucket.wistia.com/medias/v6613zsath?embedType=async&videoFoam=true&videoWidth=640 Mortgage rates change constantly through an unpredictable combination of government policies and economic conditions. This video explains the common term 'rate lock.' A...

What Is A Certificate of Eligibility, or COE?

http://bucket.wistia.com/medias/0pvpyhlf56?embedType=async&videoFoam=true&videoWidth=640 What Is A Certificate of Eligibility, or COE? The COE is the key document that verifies to lenders that someone is eligible for a VA-backed loan. Servicemembers, Veterans...

What Are The Major Types Of VA Loans?

http://bucket.wistia.com/medias/pq7majoew4?embedType=async&videoFoam=true&videoWidth=640 What Are The Major Types Of VA Loans? Major Veterans Affairs loan programs described in this video include: 1) Purchase Loans. These help eligible parties buy a home at...

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