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How Large A Down Payment Do I Need?

http://videotap.wistia.com/medias/fnf6w2m9ud?embedType=async&videoFoam=true&videoWidth=640 There are mortgage options now available that only require a down payment of 5% or less of the purchase price. You’ll see some pictures in this video to help you remember later...

What Is A Mortgage?

http://videotap.wistia.com/medias/6cmff9a6ho?embedType=async&videoFoam=true&videoWidth=640 The original phrase “mort gage” translates as “death pledge”! But as this video explains, a mortgage is a loan obtained to purchase real estate. The "mortgage" itself is a lien...

What Factors Affect Mortgage Payments?

http://videotap.wistia.com/medias/li28yatutk?embedType=async&videoFoam=true&videoWidth=640 Well, as this story shows, the amount of the down payment the size of the mortgage loan, the interest rate the length of the repayment term and payment schedule will all affect...

What Types Of Mortgage Loans Are Available?

http://videotap.wistia.com/medias/w1f2x5esio?embedType=async&videoFoam=true&videoWidth=640 This video tells you about the most common types: Fixed Rate, ARM, Balloon and 2-Step. First, Fixed Rate Mortgages: Payments remain the same for the life of the loan generally...

Can I Pay Off My Loan Ahead Of Schedule?

http://videotap.wistia.com/medias/xkir5n87w8?embedType=async&videoFoam=true&videoWidth=640 Usually, Yes. Like the guy in the video says, by sending in extra money each month or making an extra payment at the end of the year you can accelerate the process of paying off...

What About A Home Located In A Flood Plain?

http://videotap.wistia.com/medias/2oq8ox3w67?embedType=async&videoFoam=true&videoWidth=640 A flood plain is an area of land adjacent to a stream or river that experiences flooding during periods of high discharge. Watch this video and it’ll make sense. If you live in...