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Training.

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.

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!

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%​

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.

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.

Email us for scheduling here.

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