$330 Closing Costs? Wow! How can that be?
You’re blown away by the high closing costs of many lenders Watch this Learn’n with Rick video and you’ll see closing costs just don’t have to be that high.
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When should you lock your mortgage rate?
When is it best for you to lock your mortgage rate when financing a home. This video explains rates what effects them and when you should lock.
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Should you pay a Prepayment Penalty?
Is there ever a time that a prepayment penalty is a good idea. Maybe watch this video to find out.
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Will your lender sell your mortgage?
Does it matter if your lender sells your mortgage and what are they selling anyway? Learn what they are selling and and how it could affect you.
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Shop APR?
Is APR (annual percentage rate) the best way to shop for a mortgage? APR was set up by the federal government to make is easier to compare mortgage offers. You understanding of APR and whether this government strategy works.
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Should you pay Discount points?
Are discount points worth paying? Watch this video to find out.
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Mortgage Origination fee?
What are Origination fees and should you pay them when refinancing? This video explains origination fees and how to decide if they are required. Origination Fees are fees paid to the lender for them to process your mortgage as opposed to discount points which are paid to lower your interest rate. Origination fees do not lower your interest rate and are usually charged because of some issue with the loan such as the loan-to-value/credit scores adjustment or if you are taking cash out. Origination Fees can be called a variety of things but they are fees to originate the loan. [...]
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What are Discount Points?
You’ve heard of discount point. You know they are expensive but what are they and how do they affect your mortgage finance. This video will explain closing costs and you will learn how to calculate if discount points will benefit you!
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Should you consider an ARM?
Adjustable Rate Mortgages (ARM’s) are misunderstood. They are not the right mortgage for every situation but depending on the ARM type and features the correct ARM could save you thousand of dollars on you mortgage. Learn if you can benefit from an ARM mortgage.
