News & Events

What Is An Escrow Account? Do I Need One?

http://videotap.wistia.com/medias/ttmqdwbcad?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...

What Steps Need To Be Taken To Secure A Loan?

http://videotap.wistia.com/medias/gjbk511gxk?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...

What Is A Mortgage?

http://videotap.wistia.com/medias/mh9d6of1zi?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/twbjhbik42?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/pgdq5zj8vl?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/shmxqn4k3m?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/5bv77shbzz?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...

What Is Included In A Monthly Mortgage Payment?

http://videotap.wistia.com/medias/bvqxdvxi1a?embedType=async&videoFoam=true&videoWidth=640 The monthly mortgage payment mainly pays off principal and interest. But most lenders also include local real estate taxes homeowner's insurance, and mortgage insurance,...

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

http://videotap.wistia.com/medias/ah97dp6m6y?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...

How Large A Down Payment Do I Need?

http://videotap.wistia.com/medias/nbhf00iks7?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...