Today we have a couple of short, one minute videos explaining some of the key concepts of mortgages, answered by home loan specialist, Ravi Pahuja, from Residential Mortgage Services.
What is an appraisal and the purpose of getting one?
In this mortgage market minute video, Ravi explains what an appraisal is and why banks require them.
How much should a buyer expect to pay in closing costs?
In this video, Ravi explains what you should expect to pay at closing when purchasing a property.
What is a good faith estimate (GFE) ?
In this video, Ravi explains what what a good faith estimate is and how it protects consumers.