What is an Interest Only Loan?

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What is a interest only loan? Interest only loans keep monthly mortgage payments low and are good mortgage loans for short term home owners. How do interest only loans work and how many years are interest only loans good for? Watch this Expert Real Estate Tips video on interest only loans and find out if an interest only loan is the right mortgage for you.  Play video


What is an Adjustable Rate Mortgage (ARM)?

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What is an Adjustable Rate Mortgage or ARM? What is the difference between a fully amortized loan and an interest only ARM? Watch this Expert Real Estate Tips video about adjustable rate mortgage loans (ARMs) and how they adjust after a fixed period of time.  Play video


What is a HUD-1 Form?

Posted in: All Videos, Mortgages and Financing, Buying
What is a HUD-1 Form in real estate? The HUD-1 Form is a record of all money spent during the purchase of a home. Appraisals and other services are listed on the HUD-1 Form and many are tax deductible items. Learn more about HUD-1 Forms from this Expert Real Estate Tips segment.  Play video


Mortgage Broker or Mortgage Banker?

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What is the difference between a mortgage broker and a mortgage lender in real estate? Do mortgage brokers have an advantage over mortgage bankers with loan sources? Do mortgage brokers and mortgage bankers have the same access to funds? Watch this Expert Real Estate Tips segment for information on mortgage brokers and mortgage bankers.  Play video


Biggest Mistakes Mortgage Borrowers Make

Posted in: All Videos, Mortgages and Financing
What are the biggest mistakes mortgage borrowers make? Mortgage borrowers mistakes include being disorganized with paperwork and not asking enough questions. Learn the mortgage lingo, be prepared and organized with paperwork (W2s) and avoid confusion by asking questions during the mortgage borrowing process. Watch this Expert Real Estate Tips segment for more information on common mistakes mortgage borrowers make and how to avoid them.  Play video