http://videotap.wistia.com/medias/5xmdvakgq1?embedType=async&videoFoam=true&videoWidth=640 Submitting these 6 pieces of information: Name Income Social Security Number Property Address Estimated Value of Property Mortgage Loan Amount sought constitutes a valid loan application under the TRID rule. You may apply and submit these in writing OR in oral form; a live conversation,...

http://videotap.wistia.com/medias/3bwdrldt2l?embedType=async&videoFoam=true&videoWidth=640 Creditors must continue to use the Good Faith Estimate, Truth-In-Lending Disclosure and the HUD-1 form for reverse mortgages, HELOCs, mobile home or other non-attached dwelling loans and others NOT covered by TRID. Housing assistance loans for low- and moderate-income consumers are partially exempt...

http://videotap.wistia.com/medias/61m4vtywu3?embedType=async&videoFoam=true&videoWidth=640 TRID rules apply to MOST consumer credit transactions secured by real property. These include mortgages, refinancing, construction-only loans closed-end home-equity loans, and loans secured by vacant land or by 25 or more acres. The rule does NOT apply to Home Equity Line of Credit transactions...

http://videotap.wistia.com/medias/kavjbpgamd?embedType=async&videoFoam=true&videoWidth=640 Federal “disclosure” forms define the information that creditor businesses MUST provide to consumers applying for real estate loans. As of Oct 1, 2015 lenders must provide TWO New “TRID” disclosure forms. for the most common kinds of real estate loans First, the Loan Estimate,...

http://videotap.wistia.com/medias/wc5fo9ski2?embedType=async&videoFoam=true&videoWidth=640 Today, your first “showing” will be on the Internet - you're watching this on the Internet, right? Your price, listing description and PHOTOS determine whether someone will visit in person.  Consider professional staging advice or help. Prep for photos and video just as...

http://videotap.wistia.com/medias/017f8vgtfg?embedType=async&videoFoam=true&videoWidth=640 Professional “staging” may include the exterior, but if you’re doing it all yourself, try the five things outlined in this video. 1 - Landscape & lawn. That’s the first impression; make it a good one. Mow, prune, edge and get rid of junk! 2 - Paint And Clean! You...

http://videotap.wistia.com/medias/kmtgtb0bei?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 Federal military veteran benefit system. The VA administers benefits and...

http://videotap.wistia.com/medias/wu9wj4rivw?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 competitive interest rates with little to no down payment and little or no private...

http://videotap.wistia.com/medias/an6kj6kjpj?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 and National Guard and Reserve members may apply online or through their lender; most lenders have access to the system and...

http://videotap.wistia.com/medias/fkqogirqgw?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 “Rate Lock” is a guarantee that a lender will honor a specific combination of interest rates and points for a given...