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In this video, we'll break down the loan estimate for you - including projected mortgage payments, cash to close, and buyer closing costs. Understand your loan terms better #loanestimate #mortgage #homeloan If you're wondering how to shop for a mortgage loan then today's episode is for you with the loan estimate explained! 🎬 About: Scott Jackson sent me an email asking what replaced the good faith estimate and couple other great questions. Perhaps your like Scott and wondering about loan disclosures and how to shop for a home loan too. You'll get that from this video and much more! The good faith estimate (GFE) was replaced by the "Loan Estimate" on 1 Aug 2015 and took effect on 3 Oct 2015. The purpose of the loan estimate form is to help you make better sense of your proposed home with the important details in an easy to to understand form. 🆓 FREEBIE 🆓 📘 Download the FREE Mortgage Application Tips 👇 ➡️ https://hometribeteam.mykajabi.com/mo... 🔍 Get Connected with a TOP Real Estate Agent Near You 🔍 ➡️ https://homeandmoney.com/andrew/ ---- Or, if you're planning on buying or selling your home in the Las Vegas, NV region, let's connect: https://calendly.com/andrewfinneyteam Realtor Near Me Finder 👋 Join the Home Tribe Team! 🏡 ➡️ https://www.hometribeteam.com/ #HomeTribeTeam ➜➜➜ SUBSCRIBE FOR MORE VIDEOS ➜➜➜ ✅ Subscribe & Tap the 🔔 icon to get Notified: / andrewfinneyteamlasvegas ✅ Watch Next ➜➜➜ • Real Estate - The Untold Stories! Season #... 🚀 My mission is to help you take the guesswork out of real estate! On my channel, you'll find transparent content you can use to make well-informed decisions that are right for you for the reasons important to you! NOTE: To adjust video speed for your listening/ viewing pleasure, please use the settings icon on the bottom right of your screen. It looks like this ⚙️ 📒 Show Notes 📒 0:00 - Intro 1:00 - Scott's 1st Question: Is it a problem getting a mortgage if you've never rented an apartment before? He's heard that one won't have "enough" of a credit score if one doesn't rent first but believes as one has a couple of credit cards that are paid off every month it doesn't present an issue. 1:49 - Scott's 2nd Question: Is it common for prospective buyers to want to see how the Internet works during a showing? 2:52 - Loan Estimate- Where to go? https://www.consumerfinance.gov/ownin... 3:02 - About the Loan Estimate Form! 3:33 - Verify Your Information is Right! 4:13 - Loan Terms! 5:12 - Projected Payments! 7:00 - Costs at Closing! 7:30 - Closing Costs Details! 7:34 - Loan Costs! 8:35 - Other Costs! 10:19 - Calculating Cash to Close! 10:52 - Additional Information About Your Loan! 11:21 - Comparisons! 12:23 - Other Considerations! 13:42 - Next Steps! 14:16 - Your Turn! ➜➜➜ Get in Touch with Me Here ➜➜➜ Andrew Finney Trusted Real Estate Advisor/ USMC Veteran S.0173260 www.andrewfinneyteam.com King Realty Group 6955 N. Durango Drive Suite 1004 Las Vegas, NV 89149 Disclaimers/ Credits: At the time of production, Andrew Finney, S.0173260, is a real estate salesperson with BHHS, NV Properties in Las Vegas, NV. Andrew's videos are his own and do not necessarily represent the views and/ or opinions of BHHS, NV Properties. The purpose of Andrew's videos is to educate you and help you make sense of the real estate process. I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. If you have questions about home loans, real estate, taxes, financial advice, real estate law, insurance, professional trades, or any other services, you are advised to reach out to the appropriate professional for further counsel about your own unique situation. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or any other and may be outdated or inaccurate; it is your responsibility to verify all information for yourself. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that is free from error. Linked items may create a financial benefit for Andrew Finney Team. Any use of other media is by fair-use or license only. Awesome Music Courtesy of: Song: Syn Cole - Feel Good [NCS Release] Music provided by NoCopyRightSounds. Video Link: • Syn Cole - Feel Good | Future House | NCS ... Download this track for FREE: http://bit.ly/SynColeFeelGoodDL Video Inspiration: Scott Jackson!