Blog
How Are Pre-Qualifying And Pre-Approval Different?
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 paperwork by telling a lender your income, your long-term debts and how large a down payment you ...
What Is A Credit Bureau Score And How Do Lenders Use Them?
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.
Th...
How Can I Find Out Information About My Credit History?
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 1-888-397-3742
Trans Union - www.transunion.com 1-800-916-8800
...
What Is A Good Faith Estimate And How Does It Help Me?
You’ll see some pictures in this video to help you remember later, but a good faith estimate lists all fees paid before closing all closing costs, and any escrow costs you will encounter when purchasing a home.
The lender must supply it within three days of your ...
What Do I Get At Closing?
As we show you in this video:
The Settlement Statement, HUD-1 Form, which itemizes services provided and the fees charged; it is filled out by the closing agent and must be given to you at or before closing.
A Truth-in-Lending Statement***
...
What Are 203(B) And 203(K) Loans?
The video puts this in more visual terms, but 203(b) is the most commonly used FHA program. It offers a low down payment, flexible qualifying guidelines limited lender's fees, and a maximum loan amount.
203(k) loans enable homebuyers to finance both the purchase ...
How Do I Make A Home Ready To Sell?
As we show you in this video, start several months before the property is made available. Look through the eyes of a buyer
What needs to be cleaned?
Repainted?
Repaired?
Or tossed?
Ask yourself - or a friend If ...
How Do I Set The Price On My House?
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 interest rates and competition all matter.
The price you want, and the price a buyer will pay are...
How Is A Home Marketed?
As you’ll see in the video, every home and market is a unique situation. Good marketing plans are specific to both. But every plan will include: Preparation Pricing and Marketing Activities.
Preparation takes time - typically, months. Homes must be in “show�...
What Is PMI?
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...