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What Does A Home Inspector Do, And How Does An Inspection Figure In The Purchase Of A Home?

http://bucket.wistia.com/medias/4bm90wl2pv?embedType=async&videoFoam=true&videoWidth=640 As we show you in this video, an inspector checks the safety of your potential new home. Home Inspectors focus especially on the structure, construction and mechanical...

How Can I Find Out Information About My Credit History?

http://bucket.wistia.com/medias/3x9mcm5cpb?embedType=async&videoFoam=true&videoWidth=640 Watch this video and take a few notes! There are three major credit reporting companies: Equifax - www.equifax.com 1-800-685-1111 Experian - www.experian.com...

How Do I Set The Price On My House?

http://bucket.wistia.com/medias/1p2452zg5w?embedType=async&videoFoam=true&videoWidth=640 While this video simplifies things to help you remember: your aim is to get the best price AND terms in your market during the period you’re selling. Market conditions...

What Responsibilities Do I Have During The Lending Process?

http://bucket.wistia.com/medias/exd818am9w?embedType=async&videoFoam=true&videoWidth=640 To ensure you won't fall victim to loan fraud, as you’ll see in this video, be sure to follow all of these steps as you apply for a loan: Be sure to read and understand...

What Do Lenders Have To Tell You About Your Real Estate Loan?

http://bucket.wistia.com/medias/bzc8cu0ye1?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...

How Do I Begin The Process Of Buying A Home?

http://bucket.wistia.com/medias/pf6z0ji45p?embedType=async&videoFoam=true&videoWidth=640 Remember these pointers from the video: start by thinking about your situation. Are you ready to buy a home? How much can you afford in a monthly mortgage payment? How...

How Does Purchasing A Home Compare With Renting?

http://bucket.wistia.com/medias/jepapppit4?embedType=async&videoFoam=true&videoWidth=640 Like the guy in the video says, the two don't really compare at all. The one advantage of renting is being generally free of most maintenance responsibilities. But by...

How Do Lenders Decide The Maximum Loan Amount That Buyers Can Afford?

http://bucket.wistia.com/medias/a9tqhxhqvz?embedType=async&videoFoam=true&videoWidth=640 As you’ll see in the video, the lenders consider your debt-to-income ratio, which is a comparison of your gross (pre-tax) income to housing and non-housing expenses....

How Are Pre-Qualifying And Pre-Approval Different?

http://bucket.wistia.com/medias/uti14dy8y4?embedType=async&videoFoam=true&videoWidth=640 Watch this video and it’ll make sense. Pre-qualification is an informal way to see how much you maybe able to borrow. You can be 'pre-qualified' over the phone with no...

What Disclosures Are Used For Loans Not Covered By TRID?

http://bucket.wistia.com/medias/yy9ythuebo?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...

Can Creditors Revise TRID Loan Estimates?

http://bucket.wistia.com/medias/gs5o6lkvw6?embedType=async&videoFoam=true&videoWidth=640 Creditors are generally bound by the initial Loan Estimate. They are permitted to provide a revised Loan Estimate only under certain changed circumstances. These include...

What’s Refunded If My Loan Is Higher Than My Estimate?

http://bucket.wistia.com/medias/p187wb20i3?embedType=async&videoFoam=true&videoWidth=640 If the amount you pay at closing exceeds the amounts disclosed on the Loan Estimate - beyond tolerance limits for each category - the creditor must REFUND the excess to...

Could My Loan Costs Exceed The Loan Estimate?

http://bucket.wistia.com/medias/amfgr6x43f?embedType=async&videoFoam=true&videoWidth=640 Yes, within defined limits. Service charges for which YOU shop and select a provider may change; the creditor is NOT responsible for providers who are NOT on their written...

What Will The TRID Loan Estimate Tell Me?

http://bucket.wistia.com/medias/oistl0se6f?embedType=async&videoFoam=true&videoWidth=640 The Loan Estimate documents the essential facts and terms of an approved real estate loan. It includes: loan terms projected payments and loan costs cash and costs at...

How Long Must Creditors Keep Real Estate Loan Records?

http://bucket.wistia.com/medias/gelxaactm2?embedType=async&videoFoam=true&videoWidth=640 Under the TRID rule, creditors must retain Escrow Cancellation and Partial Payment Policy disclosures for two years; Loan Estimate records for three years after loan...