Home Loan Basics: Mortgage Terms, Fees and Rates

Home Loan Basics: Mortgage Terms, Fees and Rates. RBC Mortgage Tips

Home Loan Basics: Mortgage Terms, Fees and Rates video duration 8 Minute(s) , published by Veterans United Home Loans on 13 09 2016 - 18:39:22.

Chris Birk, mortgage expert at Veterans United Home Loans, introduces you to homebuying basics and terminology
Homebuyers entering the mortgage world This video is meant as an educational resource to prepare borrowers for the loan process
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Chris Birk, mortgage expert at Veterans United Home Loans, introduces you to homebuying basics and terminology.

Homebuyers entering the mortgage world for the first time can easily get overwhelmed by the acronyms and language used by lenders and realtors: Fixed and adjustable rate mortgages, funding fees, credit. Learn the lingo so you can find which mortgage is best for you between conventional, USDA, FHA and VA home loans.

Time Stamp
0:32 - Mortgage vs. Loan
1:29 - Fixed & Adjustable Rate Mortgages
2:09 - Mortgage Terms
3:50 - Prepayment Penalty
4:09 - Different Types of Loans
4:51 - Credit Score
5:35 - Upfront Costs by Loan Type
6:42 - Annual Insurance Premiums

Learn more: https://www.veteransunited.com/education/mortgage-options/home-loan-basics/

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