Watch this video and take a few notes! There are three major credit reporting companies: Equifax – www.equifax.com, 1-800-685-1111 Experian – www.experian.com, 1-888-397-3742 Trans Union – www.transunion.com, 1-800-916-8800 Obtaining your...
Watch this video for the details. Pre-qualification is an informal way to see how much you may be able to borrow. You can be ‘pre-qualified’ over the phone with no paperwork by telling a lender your income, your long-term debts, and how large a down...
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...
A loan estimate lists your loan terms, projected payments, costs at closing, and measures for comparison, including Annual Percentage Rate and Total Interest Percentage, along with other considerations that the lender may apply to this loan application. Each...
For most real estate loans, you will receive a Closing Disclosure three business days before loan consummation – which frequently happens at the closing meeting. At the meeting itself, you should receive a copy of your Mortgage Note – your obligation to...
