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Title Insurance Explained Visually

Title Insurance Explained Visually   What is title insurance and why should any buyer get it when purchasing a home (single family, townhouse, condo, apartment, or whatever format your home purchase takes)? Doesn’t the attorney or settlement company handling the...

What Is The Debt-To-Income Ratio (DTI)?

What Is The Debt-To-Income Ratio (DTI)?   Measuring your existing debts against your existing income is one part of a lender’s required assessment of your ability to repay a loan. Like the video says:  debts are existing financial commitments; a car payment is a...

What Does Ability To Repay Mean?

What Does Ability To Repay Mean?   What are the “Ability to repay” rules about? In a nutshell, as this video shows, new laws require lenders to make a good-faith assessment of a borrower’s capacity to pay back their loan over time. It’s a longer-term...

What Is A Qualified Mortgage?

What Is A Qualified Mortgage?   As this video explains,  Federal laws put into effect in 2014 and  supervised by the Consumer Financial Protection Bureau define lending practices and loan terms for a new category called “Qualified Mortgages.” They provide stable...

What Is A Rate Lock?

What Is A Rate Lock?   Mortgage rates change constantly through an unpredictable combination of government policies and economic conditions. This video explains the common term ‘rate lock.’ A “Rate Lock” is a guarantee that a lender will honor a...