Home Loan Basics: Mortgage Terms, Fees and Rates

Chris Birk, a 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 and 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

Watch the entire VA Loan Guide to Homebuying here: https://www.youtube.com/playlist?list=PLqOgmUZWNUP76GpMSbXTx-KNfJljUSUFk

Learn more: https://www.veteransunited.com/education

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VeteransUnited.com | 1-800-884-5560 | 1400 Veterans United Drive, Columbia, MO 65203
Veterans United Home Loans NMLS #1907 (www.nmlsconsumeraccess.org). A VA approved
lender; Not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency.
Licensed in all 50 states. For state licensing information, please visit www.veteransunited.com/Licenses.
Equal Opportunity Lender

Видео Home Loan Basics: Mortgage Terms, Fees and Rates канала Veterans United