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Mortgage 101 for Agents

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1:30 – Introduction

5:45 – Why should I as the Realtor learn about my buyer’s financing?

9:00 – The Pre-Approval Letter (what it is and is not)

17:30 – How is my home buyer Pre-Approved for financing?

24:25 – Lender underwriting basics.

38:45 – Every stage of the mortgage approval process.

43:25 – What Agents can do to make sure their buyer’s loan goes smoothly.

46:25 – How do I know how many days to put on contract for Finance Contingency?

48:45 – How can my home buyer compare different lender offers?

51:30 – Will a credit inquiry hurt my buyer’s credit score?

54:30 – What does signing the Loan Estimate mean for my buyer?

57:30 – Why do we need to receive Initial Underwriting Approval before Finance Contingency expires?

59:00 – How do we help our buyers avoid high interest rates? How are higher rates affecting the real estate market?

101:30 – Economic recession is predicted for 2023. An Adjustable Rate may be better (and a higher rate with no lender fees today).

105:55 – What is the best rate for my buyer? An ARM loan saves around $4000, compared to 30-year Fixed (for a $400,000 loan).

107:25 – How does a rate lock work? Can my buyer lock in their rate for 3 or 6 months, especially for new construction home?

113:15 – Can my buyer get better lender pricing if they improve their FICO credit score?

115:30 – Why is mortgage insurance not always a bad option?

119:30 – How can I check mortgage rates every day?

120:29 – Can I take a class for CE credit to learn more about mortgage approval?

Want to Learn More?

We may have an upcoming Learn & Learn with a Title Company (in DFW area). Click Here to see if we have an upcoming event near you. Join our Waiting List to get updated for future events (if we are fully booked).