by ealberto | Jan 13, 2014 | Credit:
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 will be unable to repay a loan. Lenders use it to determine your ability to qualify for a mortgage loan. The...
by ealberto | Jan 13, 2014 | Financing:
Watch this video and it’ll make sense. Pre-qualification is an informal way to see how much you may be able to borrow. You can be ‘pre-qualified’ over the phone with no paperwork by telling a lender your income, your long-term debts and how large a down...
by ealberto | Jan 13, 2014 | Financing:
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 information the type of mortgage minimum down payment required interest rate and points closing...
by ealberto | Jan 13, 2014 | Title and Closing
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 the meeting itself, you should receive a copy of your Mortgage Note your obligation to repay your Mortgage...
by ealberto | Jan 13, 2014 | Mortgages:
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 both standard and special affordable programs for borrowers. These companies provide guidelines to...
