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Training.

Obtaining Mortgage Financing
Schedule a Session Here
(Currently at No Cost)

Our training sessions cover everything you need to know about obtaining mortgage financing from getting pre-approved, to the underwriting process, to putting an offer in.  We developed these sessions to educate potential homebuyers (both first-time and seasoned) as well as real estate agents who want to increase their knowledge of the overall homebuying process.  The training material prepares you for your next home-buying transaction by educating you on countless topics that both home buyers and agents have asked us about over the last 20+ years.  The training is very detailed and you will leave with a firm understanding of the topics discussed.  We do all sessions live via Google Meet and open up the floor to questions upon completion of the material.  Click HERE to schedule a session.

Dates and Times of Sessions
Duration: ~1.5 Hours

We currently conduct the training sessions on a recurring basis on the following schedule:

  • Tuesdays:
    • 12:00 PM EST​
    • 7:00 PM EST 

  • ​Thursdays:

    • 10:00 AM EST​

    • 6:00 PM EST​

Keep in mind that occasionally, one of these time slots may not be available based on calendar conflicts​.  You can check availability HERE.

Topics Covered
View a Copy of The Deck Here

Here is a complete list of topics currently covered in each of the sessions:

 

Home Buying Basics:

  • Why you should become a homeowner?

    • Pros and cons of renting v. homeownership

  • What is a mortgage (including the deed, mortgage, and note)​?

  • Stages of the mortgage process

  • How to plan before you start the homebuying process

  • Parties involved and who pays them

  • How to pick the right partners (loan officer, real estate agent, attorney, etc...)

  • Pre-qualification v. Pre-approval and why one is much better

  • What info and documents you will need ready for pre-approval

  • What we look at when we underwrite a file for pre-approval

  • Best practices when starting the pre-approval process

  • Obtaining a pre-approval letter and what to do with it

  • Putting an offer in

  • What constitutes a good offer

  • What is a mortgage financing contingency?

  • Your offer was accepted...now what?

  • Getting fully approved for financing through underwriting

    • Documents you will need​

  • Setting expectations of the overall process​

  • What NOT to do, i.e., how to make sure you don't kill the deal!

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Most Discussed Topics That New Homebuyers Often Have Questions About:

  • What is amortization?

  • Credit scores and their importance

  • Conventional v. government loans (FHA, USDA, VA)

  • Down payments

    • What are the minimums​

    • Where can the money come from

  • Occupancy types (primary, second home, investment)​

  • Estimated closing costs

  • Current loan limits

  • What is mortgage insurance and why do I need to pay it?

  • Non-occupying co-borrowers and how they can help

  • What does "paying points" mean?

  • Fixed rates v. ARMs (adjustable rate mortgages)

  • What does escrowing mean?

  • Appraisals

    • What role they play​

    • Potential issues that can arise

  • Rates - why you get X% and they get Y%​

Private Sessions
Email Us For Scheduling
(Currently at No Cost)

If you'd like to schedule a private 1:1 training session, we can certainly set up time for you to do that.  We can add any number of people you'd like to the private session.

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We use this model quite often for real estate brokerages that want to train several of their agents in a private session allowing for increased interaction.

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Email us for scheduling here.

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