What Is PMI?

by eespin | Mortgages:

http://fwd4.wistia.com/medias/9jafckvmoa?embedType=iframe&videoFoam=true&videoWidth=640This 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...

What Do I Get At Closing?

by eespin | Title and 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 A copy of your Mortgage Note...

What Is A Good Faith Estimate And How Does It Help Me?

by eespin | Financing:

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 Is The Best Way To Compare Loan Terms Between Lenders?

by eespin | 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...

What Is A Counter-Offer?

by eespin | Sales Process:

http://fwd4.wistia.com/medias/jiepdabajw?embedType=iframe&videoFoam=true&videoWidth=640The video puts this in more visual terms, but basically, a seller can respond to a buyer’s offer with changes – a “counter” – that improves the terms.You need to...