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How Do Lenders Decide The Maximum Loan Amount That Buyers Can Afford?

http://videotap.wistia.com/medias/b71ajgf4w3?embedType=async&videoFoam=true&videoWidth=640 As you’ll see in the video, the lenders consider your debt-to-income ratio, which is a comparison of your gross (pre-tax) income to housing and non-housing...

How Can I Find Out Information About My Credit History?

http://videotap.wistia.com/medias/9ge33r5nrs?embedType=async&videoFoam=true&videoWidth=640 Watch this video and take a few notes! There are three major credit reporting companies: Equifax - www.equifax.com 1-800-685-1111 Experian - www.experian.com...

What Is A Credit Bureau Score And How Do Lenders Use Them?

http://videotap.wistia.com/medias/li8xbwq396?embedType=async&videoFoam=true&videoWidth=640 As we show you in this video, a credit bureau score, or “credit score” is a number based upon your credit history that represents the possibility that you...

How Are Pre-Qualifying And Pre-Approval Different?

http://videotap.wistia.com/medias/35faaloc54?embedType=async&videoFoam=true&videoWidth=640 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...

What Is The Best Way To Compare Loan Terms Between Lenders?

http://videotap.wistia.com/medias/pvadtpxioq?embedType=async&videoFoam=true&videoWidth=640 Watch this video and take a few notes! First, devise a checklist for the information from each lending institution. You should include: the company's name and basic...

What Do I Get At Closing?

http://videotap.wistia.com/medias/r9c5vu0bxj?embedType=async&videoFoam=true&videoWidth=640 For most real estate loans, you will receive a Closing Disclosure 3 business days before loan consummation – which frequently happens at the closing meeting. At...

What Is PMI?

http://videotap.wistia.com/medias/fnjbc9k98z?embedType=async&videoFoam=true&videoWidth=640 This video tells you about it all. PMI stands for Private Mortgage Insurance or Insurer. These are privately-owned companies that provide mortgage insurance. They offer...

What Are 203(B) And 203(K) Loans?

http://videotap.wistia.com/medias/yz17zftsr1?embedType=async&videoFoam=true&videoWidth=640 The video puts this in more visual terms, but 203(b) is the most commonly used FHA program. It offers a low down payment, flexible qualifying guidelines limited lender's...

How Do I Make A Home Ready To Sell?

http://videotap.wistia.com/medias/wzrzywxdlm?embedType=async&videoFoam=true&videoWidth=640 As we show you in this video, start several months before the property is made available. Look through the eyes of a buyer What needs to be cleaned? Repainted? Repaired?...

How Do I Set The Price On My House?

http://videotap.wistia.com/medias/xhob0ta21e?embedType=async&videoFoam=true&videoWidth=640 While this video simplifies things to help you remember: your aim is to get the best price AND terms in your market during the period you’re selling. Market...