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What Is Equity?

http://videotap.wistia.com/medias/n2iipahves?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 market. The example this...

What Is “Prime”?

http://videotap.wistia.com/medias/ahw4mr0opa?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 rates - like ARMs - are...

What Are Discount Points?

http://videotap.wistia.com/medias/jgaslstky8?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 with each point...