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Helpful videos, instructions and information

If you’re like most people, you probably research all your options and gather as much information as you can before making any big decisions. Shopping for a home loan should be no different. loanDepot ‘s unique approach focuses on educating our customers so that they feel comfortable making the right choices for them. To help you learn more about refinancing or purchasing your home, we’ve created a library of educational videos that span across various topics. Just click on the video that you’re interested in and enjoy!

What is the difference between a lender and a broker?

Consumers have a variety of options when it comes to choosing a home loan provider. The 3 most common lending institutions are banks, mortgage lenders, and mortgage brokers. It’s important to know the difference so that you can make the right choice to fit your needs. This helpful video outlines those differences.

Factors used for loan qualification

Most lenders follow the same guidelines to determine whether or not you qualify for a loan. Watch our video to learn about the four factors that go into a loan approval decision.

What is an APR?

The Annual Percentage Rate, or APR, is a term you’ve probably come across during your search for a home loan. Although the APR was designed to help customers compare mortgages across different programs and lenders, it often causes confusion. Watch this video to learn more about the APR.

How to lock my rate

A very important step in the refinance or purchase process, a rate lock protects you from rate fluctuations. Watch our “How to lock my rate” video to learn more about this important step in the process.

What’s included in the closing fees?

Closing fees vary by lender, but there are specific items that are uniform across most lenders. Watch this closing fee tutorial and familiarize yourself with the different fees that you can expect to see.

What to expect at loan closing

The closing process occurs after your loan has been approved and underwritten. Watch our “What to expect at loan closing” video so you know what the next steps are to ensure a smooth closing.

What's the best loan for me?

Not sure whether a 30 year fixed or an FHA loan is a better fit for you? Watch our “What is the best loan for me?” video and find out the questions you should ask yourself to determine the best loan for you.

The difference between a conforming and jumbo loan

Whether you have a conforming or a jumbo loan can influence the rate, closing fees, and monthly payment on your loan. Watch this video to find out more.

The refinance process

Watch our “Refinance Process” video to learn about the most important steps in the refinance process.

The home purchase process

This video walks you through all the important steps of getting approved for a home purchase loan.

What is a pre-approval?

If you’re looking to buy a home, watch our “What is a pre-approval?” video so you can learn about all the advantages that a pre-approval offers.

Still have additional questions, please call us toll free at 1-888-337-6888 to speak with one of our mortgage bankers.

What is an APR?

The Annual Percentage Rate, or APR, is a term you’ve probably come across during your search for a home loan. Although the APR was designed to help customers compare mortgages across different programs and lenders, it often causes confusion. Watch this video to learn more about the APR.