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What Factors Affect Mortgage Payments?
http://videotap.wistia.com/medias/adbyzxwsp5?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...
What Is A Mortgage?
http://videotap.wistia.com/medias/4evcgc12zw?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 Is Loan To Value (LTV) And How Does It Affect The Size Of My Loan?
http://videotap.wistia.com/medias/vsp5dzu8je?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...
What Types Of Mortgage Loans Are Available?
http://videotap.wistia.com/medias/vyxpqtyblz?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 Are The Advantages Of 15- And 30-Year Fixed-Rate Mortgages?
http://videotap.wistia.com/medias/8693qkgb9l?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...
Can I Pay Off My Loan Ahead Of Schedule?
http://videotap.wistia.com/medias/wo7gmsl3s6?embedType=async&videoFoam=true&videoWidth=640 Usually, Yes. Like the guy in the video says, by sending in extra money each month or making an extra payment at the end of the year you can accelerate the process of...
How Does The Interest Rate Factor In Securing A Mortgage Loan?
http://videotap.wistia.com/medias/velsbeafyb?embedType=async&videoFoam=true&videoWidth=640 As you’ll see in the video, a lower interest rate allows you to borrow more money than a high rate with the some monthly payment. Interest rates can fluctuate as...
What Are “Home Warranties”, And Should I Consider Them?
http://videotap.wistia.com/medias/qrg8ceon3b?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...
What About A Home Located In A Flood Plain?
http://videotap.wistia.com/medias/1z5sklx6xg?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/abryxl6sfk?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...
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