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Understanding Loans & How to Qualify

Audience: Recommended for those who wish to qualify for a home loan
Length: 2 hours
Materials: Each participant will receive a 40-plus page workbook, which reviews each topic covered and provides resources and a glossary for future use

 

Course Description:

Participants who attend this course will gain a better understanding of the various types of available loans and the qualification process.

Course Objectives:

  • Calculate how much of a home one can afford.
  • Discuss the various types of lending institutions.
  • Analyze the key features of ten different types of mortgages.
  • Compare fixed and adjustable mortgages.
  • Discover low down payment loans available.
  • Learn how to improve a credit score before applying for a loan.
  • Identify the six top reasons mortgages are declined.
  • Identify the differences between pre-qualified vs. pre-approved.
  • Learn how to shop wisely for a mortgage lender.
  • Review important guidelines when shopping for a loan online.
  • Find out the best way to compare loans with different point and interest rate combinations.
  • Uncover how to improve one's chances of getting the best possible rate.
  • Define what information is required when applying for a loan.

 

 

 

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