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What Costs or Fees Are Associated With Loan Origination?

http://videotap.wistia.com/medias/rp7c1kfvjo?embedType=async&videoFoam=true&videoWidth=640 Yes, loan origination involves costs and fees. As you’ll see in the video, when you turn in your application you'll be required to pay a loan application fee to cover the costs of underwriting the loan. This fee pays for the home appraisal a...

What Is RESPA?

http://videotap.wistia.com/medias/xdolopqvo5?embedType=async&videoFoam=true&videoWidth=640 RESPA stands for the Federal Real Estate Settlement Procedures Act. This video tells you about it all. RESPA requires lenders to disclose information to potential customers throughout the mortgage process. By doing so, it protects borrowers from...

What Makes Up Closing Costs?

http://videotap.wistia.com/medias/qbi3tak7kq?embedType=async&videoFoam=true&videoWidth=640 What you’ll see in this video is, there may be closing costs customary or unique to a certain locality but closing costs are usually made up of the following: Attorney's or escrow fees (Yours and your lender's if applicable) Property taxes (to...

What Can I Expect To Happen On Closing Day?

http://videotap.wistia.com/medias/djejptng8p?embedType=async&videoFoam=true&videoWidth=640 While this video simplifies things to help you remember: you'll present your paid homeowner's insurance policy or a binder and receipt showing that the premium has been paid. The closing agent will then list the money you owe the seller remainder of...

How Can The FHA Assist Me In Buying A Home?

http://videotap.wistia.com/medias/c0q8g9mp8f?embedType=async&videoFoam=true&videoWidth=640 Remember these points from the video:the FHA works to make homeownership a possibility for more Americans. With the FHA, you don't need perfect credit or a high-paying job to qualify for a loan. The FHA also makes loans more accessible by requiring...

What Types Of Closing Costs Are Associated With FHA-Insured Loans?

http://videotap.wistia.com/medias/7v8yf7tmw4?embedType=async&videoFoam=true&videoWidth=640 While this video simplifies things to help you remember, except for the addition of an FHA mortgage insurance premium, FHA closing costs are similar to those of a conventional loan. As of 2013, the FHA requires a single, upfront mortgage insurance...

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