Blog
What Is The Debt-To-Income Ratio (DTI)?
http://bucket.wistia.com/medias/2dkzpf4izc?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:...
What Does Ability To Repay Mean?
http://bucket.wistia.com/medias/kfvjy8mmct?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...
What Is A Qualified Mortgage?
http://bucket.wistia.com/medias/jjcsp6ur49?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...
What Is A Rate Lock?
http://bucket.wistia.com/medias/howbir8bon?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...
What Is A Certificate of Eligibility, or COE?
http://bucket.wistia.com/medias/ibv3t8ty4w?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,...
What Are The Major Types Of VA Loans?
http://bucket.wistia.com/medias/fo0tbnkqv6?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...
What Are VA Home Loans?
http://bucket.wistia.com/medias/2xkawcm65x?embedType=async&videoFoam=true&videoWidth=640 What Are VA Loans? As the video says, the name is misleading - they’re not loans FROM the VA. The VA - short for “US Department of Veterans Affairs” - is the...
When Do I Get My Loan Closing Disclosure?
http://bucket.wistia.com/medias/peojovew78?embedType=async&videoFoam=true&videoWidth=640 If an eligible loan proceeds from Estimate to closing, creditors must provide a Closing Disclosure form documenting the actual transaction terms and costs THREE business...
Understanding Your Loan: Additional Information Can Be Important
http://bucket.wistia.com/medias/ajfkap1j1e?embedType=async&videoFoam=true&videoWidth=640 Page 4 of your Closing Disclosure is important. It is NOT just standardized form information that is identical for every loan. Review these terms: Assumption: can this...
Understanding Your Loan: Closing Disclosure Page 1
http://bucket.wistia.com/medias/iyeg8kp77y?embedType=async&videoFoam=true&videoWidth=640 The first page of your Closing Disclosure documents: The Loan Amount - the total you will actually borrow The Interest Rate - which does NOT include the fees factored into...
