Description
This course is designed to provide an introduction to mortgage loan life cycle. You will learn to:Qualify for a home loanUnderstand the different types of home loan programs (VA, FHA, Conventional)Understand the life of a home loanUnderstand what goes into a mortgage paymentInterpret a Loan Estimate and all Closing CostsIf you're a first-time home buyer, you probably have many questions about how the home buying process works. No matter how prepared you think you are, it's hard to anticipate what the process is like until you're in it. And that's before you start factoring in the sizable amount of money it'll take to buy a home.This course will provide insights on the process of comparing lenders, gathering your documentation and closing on your house. How important is it to shop around? Different lenders will likely offer you different interest rates and other incentives, so choosing a lender with the most favorable terms could save you thousands of dollars over the life of the loan.With so many lenders out there, it's easy to become a bit overwhelmed, but a home buyers course will guide you through how to go about getting the mortgage you need to purchase your first home.
