Video Library

What Is Equity?

http://videotap.wistia.com/medias/swsmwlu198?embedType=async&videoFoam=true&videoWidth=640 Equity is the value YOU own in property such as a house. It’s the difference between what’s OWED and what the property is WORTH in the current market. The example this...

What Are Real Estate Commissions?

http://videotap.wistia.com/medias/5vqdsef8xh?embedType=async&videoFoam=true&videoWidth=640 Like the video says - real estate agents aren’t paid by the hour!They’re paid a percentage of the purchase price in a successful real estate transaction. When one agent...

What Is “Prime”?

http://videotap.wistia.com/medias/h8ina3eyzq?embedType=async&videoFoam=true&videoWidth=640 The Prime Lending Rate - sometimes just called “Prime”  - is the interest rate that banks charge each other for overnight loans. Some consumer rates - like ARMs - are...

What Steps Need To Be Taken To Secure A Loan?

http://videotap.wistia.com/medias/g6tl2t0nti?embedType=async&videoFoam=true&videoWidth=640 You’ll see some pictures in this video to help you remember later, but the first step in securing a loan is to complete a loan application. To do so, you'll need the following...

What Is An Escrow Account? Do I Need One?

http://videotap.wistia.com/medias/rvx9htof1p?embedType=async&videoFoam=true&videoWidth=640 As we show you in this video, an escrow account is an account, established by your lender, to set aside a portion of your monthly mortgage payment to cover annual charges for...

What Are Discount Points?

http://videotap.wistia.com/medias/6u3yi2ieus?embedType=async&videoFoam=true&videoWidth=640 Discount points allow you to lower your interest rate. While this video simplifies things to help you remember, “points” are essentially prepaid interest with each point...

How Does The Interest Rate Factor In Securing A Mortgage Loan?

http://videotap.wistia.com/medias/lxybpoyq0k?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 you shop for a...

What Are The Advantages Of 15- And 30-Year Fixed-Rate Mortgages?

http://videotap.wistia.com/medias/ynx69005r3?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 inflation. With A 30-Year...

Can I Pay Off My Loan Ahead Of Schedule?

http://videotap.wistia.com/medias/gpzvyqzq2f?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 paying off...

How Large A Down Payment Do I Need?

http://videotap.wistia.com/medias/y2rurucekp?embedType=async&videoFoam=true&videoWidth=640 There are mortgage options now available that only require a down payment of 5% or less of the purchase price. You’ll see some pictures in this video to help you remember later...