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What Is Equity?

by platinumhomeservices | Jun 4, 2020 | Mortgages:

http://videotap.wistia.com/medias/7z9w8i2ewm?embedType=async&videoFoam=true&videoWidth=640 Equity is the value YOU own in property such as a house. It’s the difference between what’s OWED and what the property is WORTH in the current...

What Are Real Estate Commissions?

by platinumhomeservices | Jun 4, 2020 | Title and Closing

http://videotap.wistia.com/medias/yz1psfg594?embedType=async&videoFoam=true&videoWidth=640 Like the video says - real estate agents aren’t paid by the hour!They’re paid a percentage of the purchase price in a successful real estate...

What Is “Prime”?

by platinumhomeservices | Jun 4, 2020 | Mortgages:

http://videotap.wistia.com/medias/wgxteen4hb?embedType=async&videoFoam=true&videoWidth=640 The Prime Lending Rate - sometimes just called “Prime” - is the interest rate that banks charge each other for overnight loans. Some consumer...

What Steps Need To Be Taken To Secure A Loan?

by platinumhomeservices | Jun 4, 2020 | Financing:

http://videotap.wistia.com/medias/21i39iozuz?embedType=async&videoFoam=true&videoWidth=640 You’ll see some pictures in this video to help you remember later, but the first step in securing a loan is to complete a loan application. To do so, you'll need...

What Is An Escrow Account? Do I Need One?

by platinumhomeservices | Jun 4, 2020 | Title and Closing

http://videotap.wistia.com/medias/4z1i6knuz5?embedType=async&videoFoam=true&videoWidth=640 As we show you in this video, an escrow account is an account, established by your lender, to set aside a portion of your monthly mortgage payment to cover annual...

What Are Discount Points?

by platinumhomeservices | Jun 4, 2020 | Mortgages:

http://videotap.wistia.com/medias/kfy35n7mzt?embedType=async&videoFoam=true&videoWidth=640 Discount points allow you to lower your interest rate. While this video simplifies things to help you remember, “points” are essentially prepaid interest...