This workshop will help you gain a basic understanding of how the homebuying and home financing process works. So you’ll know what to expect and be better able to make informed decisions.
A mortgage loan is a loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that realty through the granting of a mortgage which secures the loan. However, the word mortgage alone, in everyday usage, is most often used to mean mortgage loan.
Tampa FL as a reverse mortgage consultant. Chris Beard works exclusively with senior homeowners seeking a reverse mortgage, a home financing program that allows mature homeowners to utilize the equity in their homes to supplement retirement income.
A mortgage loan is a loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that realty through the granting of a mortgage which secures the loan. However, the word mortgage alone, in everyday usage, is most often used to mean mortgage loan.
Tampa FL as a reverse mortgage consultant. Chris Beard works exclusively with senior homeowners seeking a reverse mortgage, a home financing program that allows mature homeowners to utilize the equity in their homes to supplement retirement income.
So its the time for you to buy your first home and you need a mortgage. In this seminar learn about all of the options for a mortgage, and how you can qualify for a loan. We will cover all of the details and answer your questions. If you are a professional, this is the perfect seminar to help your customer learn about the mortgage loan process and we can customize it to your needs. Just contact us for details.
RE/MAX Results complete buyers guide. Whether you are a first time home buyer or a seasoned veteran in home purchasing...this guide will give you a complete through understanding of the home buying process. If you are in the Greater Kansas City area and are remotely interested in Real Estate...this is a must have!
So its the time for you to buy your first home and you need a mortgage. In this seminar learn about all of the options for a mortgage, and how you can qualify for a loan. We will cover all of the details and answer your questions. If you are a professional, this is the perfect seminar to help your customer learn about the mortgage loan process and we can customize it to your needs. Just contact us for details.
RE/MAX Results complete buyers guide. Whether you are a first time home buyer or a seasoned veteran in home purchasing...this guide will give you a complete through understanding of the home buying process. If you are in the Greater Kansas City area and are remotely interested in Real Estate...this is a must have!
You’re thinking of buying a home? Congratulations -- it’s an exciting
process. And it can be a lot of fun. You get to envision the type
of lifestyle you want for yourself (and your family). Do you want
a beautiful two-story home close to your work? Do you want a
modern, stylish condo in the heart of downtown? Are you yearning
to live near the beach, the mountains, restaurants, good schools,
museums, or family?
One of the greatest things about purchasing your own home is
that you get to make it yours. Even before you move in, you’re in
charge of making the decisions about which home you will buy.
It’s a powerful feeling -- having total control. But it can also be a bit
overwhelming, especially when you’re doing it for the first time.
That’s why we wrote this guide. We want to make purchasing a home
less scary and give you the confidence to move forward through
each step of the process -- from beginning to end, when you move into your new home!
With multiple HFCs serving out a host of loan options to the home buyer, access to your dream home is now easier than ever. Add to this, a juicy government subsidy that makes your home buying decision a lot more economical. However, you need to know a few important things to look and prepare for, so you can secure the benefits of these home owning options.
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...BrickAndBolt
Load-bearing walls are the backbone of any home construction, providing crucial structural support that carries the weight of the house above. For companies like Brick and Bolt Mysore and Bricknbolt Faridabad, understanding and properly implementing these elements are key to constructing safe and durable buildings.
MC Heights-Best Construction Company in jhanglaraibfatim009
MC Heights stands as the epitome of excellence in construction within Jhang. With a commitment to unparalleled quality and innovative design, MC Heights redefines urban living in the heart of Jhang. Offering luxurious residential spaces, cutting-edge commercial complexes, and vibrant community areas, MC Heights caters to the diverse needs of modern lifestyles. Our dedication to superior craftsmanship and customer satisfaction ensures that every aspect of MC Heights exceeds expectations, making it the premier choice for those seeking unparalleled sophistication and comfort in Jhang.
Green Homes, Islamabad Presentation .pdfticktoktips
Green Homes Islamabad offers beautifully designed 5, 8, and 10 Marla homes near the airport and motorway. Enjoy luxury, convenience, and high rental returns in a prime location.
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Flat available for sale
Location- Tupudana, Ranchi
Savitri enclave
Area- 3BHK
Rate- 4000/sq.ft.
Super Build Up Area-1629 sq.ft.
Build-up area-1253 sq.ft.
Rate- 65lakh16k(approx)
Floor available- Flat available in all floor(G+12)
Balcony- 2
Washroom- 2
Parking - CAR PARKING
Amenities- Joggers track,temple, children's park,gym,banquet hall (5 Lakh)
Possession year (Handover year)- Dec 2025
Outside View from the apartment and flat balcony is very beautiful.
For more information contact AASHIYANA STAR PROPERTIES
7766900371
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...JagadishKR1
Immerse yourself in the epitome of luxury living at Urbanrise Paradise on Earth. These opulent 4 BHK villas, nestled off the prestigious Kanakapura Road in Bangalore, redefine elegance and sophistication. With meticulous craftsmanship, breathtaking design, and unparalleled amenities, Urbanrise Paradise on Earth offers a sanctuary where every moment is infused with luxury and serenity. Experience a life of grandeur and indulgence at this exclusive residential enclave.
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
Avrupa Konutlari Yenimahalle - Listing TurkeyListing Turkey
Welcome to Avrupa Konutları Yenimahalle, where luxury living meets unparalleled convenience in the heart of Istanbul. Developed by Artaş Holding, one of Turkey’s leading construction companies, this prestigious residential project offers a contemporary lifestyle experience like no other.
https://listingturkey.com/property/avrupa-konutlari-yenimahalle/
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...Newman George Leech
Oeiras Tech City, a historic development in the Oeiras municipality of Lisbon, is acquired by RE Capital and REIG. It is located on a 93,000-square-meter plot of land and combines co-living, business, and residential areas. It highlights ESG principles and is close to Tagus Park, which improves the urban landscape of Lisbon.
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
Vinra Construction Tech Enabled Company for Eco-Friendly Home Construction
Contact With Vinra for a Greener Future >>> Call us @ 888 4898 765
Scanning tenants in NYC requires a thorough and compliant approach to ensure you find reliable renters. For a positive rental experience, consider hiring a property management service. Belgium Management LLC specializes in NYC rental property management and tenant relationship management. We prioritize tenant satisfaction, making us a trusted name in New York property management. Our dedicated team ensures tenants feel valued and supported throughout their lease.
One20 North Vancouver Floor Plans by Three Shores Development.
Becoming A Homeowner
1. Learn more about becoming
a homeowner
Eric Hamilton
Home Mortgage Consultant
NMLSR ID 414113
2. Welcome!
By attending this workshop, you are
taking an important step toward your
homeownership goal.
This workshop will help you gain a basic
understanding of how the homebuying and
home financing process works. So you’ll
know what to expect and be better able to
make informed decisions.
1
3. In today’s workshop, we’ll address:
Benefits and costs of
homeownership
Credit basics
Home financing basics
Homebuying basics
2
5. What are the benefits of homeownership?
Opportunity to build home equity
The principal portion of every mortgage payment you make has the
potential to grow your home like an asset.
Predictable monthly payments
Unlike rent, the principal and interest portions of your monthly payment
cannot increase, if you have a fixed rate mortgage.
Potential tax advantages
Your mortgage interest and real estate property taxes are usually tax
deductible when you file your income tax returns. Consult your tax advisor
for details.
More control over space
You can decorate and renovate to reflect your personal style.
4
6. Is now a good time to buy a home?
Owning a home is both an opportunity
and a responsibility. Being ready to
buy a home depends on many factors,
including your own personal situation.
Overall, now may be a good time to buy
for financially qualified customers with
historically low mortgage interest rates
and ―buyers market‖ home sale prices.
5
7. What are the costs of homeownership?
If you use a mortgage to help buy a home, you will
repay more than the loan amount you borrow.
How much you repay is determined by several
factors, including:
Loan amount
Interest rate
Loan term
Discount points
Origination charge
6
8. What are the costs of homeownership?
Interest rate
The interest rate is the percentage of your loan amount a lender charges
you to borrow money to buy your home.
Interest rates are based on current market conditions, your credit score,
the down payment you make, and the type of mortgage you choose.
Loan term
Your loan term is the amount of time you have to pay off your mortgage
balance.
Shorter loan terms typically mean higher monthly mortgage payments, but
often have lower interest rates. And because you pay off your mortgage
within a shorter period, you may pay less in total interest than with a
longer-term mortgage.
7
9. What are the costs of homeownership?
Discount points
One point equals 1% of your mortgage amount.
If you qualify, you may be able to pay one or more points to lower your
interest rate. A lower interest rate means lower monthly mortgage
payments.
Points are usually tax deductible. Consult a tax advisor on the deductibility
of interest.
Origination charge
Includes fees charged by the lender (other than discount points) for items
such as underwriting, loan processing and other expenses.
In addition to the origination charge are fees charged by third parties such
as a credit report fee, appraisal fee and county fees.
8
10. What makes up a mortgage payment?
After buying a home, you will be responsible for making a monthly mortgage
payment. A mortgage payment is typically made up of four parts: principal,
interest, taxes, and insurance.
Principal is the amount of money you borrow to buy a home.
Interest is the cost of borrowing money. The amount of interest you pay is
determined by your interest rate and your loan balance.
Taxes are the property charges collected by your local government. Lenders or
mortgage servicers typically collect a portion of these taxes in every mortgage
payment and hold the funds in an account (called an escrow account) to make tax
payments on your behalf as they become due.
Insurance is referred to as homeowners or hazard insurance and provides protection
against property damage due to certain risks such as wind or fire. Like property taxes,
homeowners insurance payments are typically collected by the lender, held in an
escrow account, and then paid on your behalf to the insurance company.
Also plan to pay mortgage insurance with less than a 20% down payment.
Mortgage insurance protects your lender in case you fail to repay your mortgage.
Whether or not mortgage insurance is required usually depends on the lender’s
specifications and the size of your down payment.
9
11. What are closing costs?
Closing costs pay for the services of various real estate and lending
related professionals who assist you with your home purchase — plus
anticipated costs that will occur before you make your first mortgage
payment. Closing costs vary based on lender, type of mortgage and
location of the home, but may include:
Loan origination fees
Home appraisal fees
Escrow reserves
Property taxes
Title insurance
10
12. What is a Good Faith Estimate?
A Good Faith Estimate will be
provided by your lender and will
detail the approximate costs you will
pay on or before your loan closing.
You may be able to add your closing
costs to your loan amount to limit
how much out-of-pocket cash you’ll
need to close.
Your down payment, if applicable,
will also be due at closing.
11
13. What additional costs should I consider?
The costs of homeownership go beyond the monthly mortgage payments.
Added financial responsibilities to consider include:
Utility bills
Furnishings
Landscaping
Home maintenance/repairs
Appliances
Lawn mower/snow blower
Homeowner Association Dues
12
14. Myth or truth?
As a rule of thumb, it is
recommended that you keep
your housing expense level at
or below 28% of your gross
monthly income.
13
15. Truth
But even if you fall within this
rule of thumb, be sure you feel
comfortable about making
monthly mortgage payments
and still keeping up with all
your other monthly financial
obligations.
14
17. What role does my credit play in financing a home?
Lenders consider your credit history
and credit score when making decisions
about loan approval, interest rate, loan
amount, and the type of loan you may
qualify for.
They also consider the cash you have
available for a down payment and
closing costs, your income, and your
existing debt and financial obligations.
Requirements vary based on the type of mortgage, so work with your home
mortgage consultant to determine options based on your specific situation.
16
18. What credit qualifying guidelines do lenders consider?
The housing expense-to-income ratio (or
front-end ratio) compares your anticipated
monthly mortgage payment (principal,
interest, taxes and insurance) to your total
household gross monthly income (pre-taxed).
The debt-to-income ratio (or back-end ratio)
compares your anticipated monthly mortgage
payment (principal, interest, taxes and insurance),
plus your other monthly debt obligations to your
gross (pre-taxed) monthly earnings.
Monthly debt includes:
Credit cards
Car loans
Student loans
Consumer loans
Other financial obligations such as child
support and alimony
17
19. Do you know where you stand?
It’s a good idea to review your credit reports and
know your credit score — especially if you plan to
apply for a home mortgage.
Do I pay my bills, loans, credit cards and other debt on time?
Do I have a lot of other outstanding debit?
What’s my credit history and credit score?
Help is available - The Wells Fargo My Home RoadmapSM service provides up
to two free hours of personalized financial coaching to help customers prepare
for homeownership — conveniently, right over the phone.1
1. The My Home RoadmapSM service provides up to four sessions (an estimated 2 hours) of free financial coaching with a
National Foundation for Credit Counseling (NFCC) certified counselor from a NFCC member organization that will be paid for by
Wells Fargo Home Mortgage. At your option, you may purchase additional coaching sessions or services or decide to participate
in another NFCC member agency program. Program may change or be discontinued at any time.
18
20. How can I find out what’s in my credit report?
It’s a good idea to review your credit reports
regularly to keep track of your credit history,
especially if you plan to apply for a home mortgage.
Your credit report captures key data about you and your finances:
Personal information — Variations of your name (if any), addresses where
you’ve lived, phone number(s) and employment history
Potentially negative items — Public records of bankruptcy, liens and court
judgments. Also credit accounts with defaults and late payments in the last seven
years
Accounts in good standing — All current revolving and installment accounts,
with balances and payment histories
Requests for your credit report — Including requests for credit you initiate and
information about creditors who are monitoring your credit
You can order a free credit report from each of the three main credit bureaus one
time per year. Go to annualcreditreport.com, or call 877-322-8228.
19
21. How do credit scores work?
Lenders use your credit score to determine how much risk they may assume if you
borrow money from them.
The higher your credit score, the lower your credit risk
Customers with low credit scores may face higher down payment requirements
and higher interest rates
The three main credit bureaus generally calculate your credit score based on:
Payment history (about 35% of the score)
Amounts owed (about 30%)
Length of credit history (about 15%)
Recently opened credit accounts (about 10%)
Types of credit in use, such as credit cards and consumer loans (about 10%)
For a small fee, you can learn your credit score when you order your free
credit report.
20
22. Myth or truth?
Generally, about one third of
your credit score depends on
whether you consistently pay
your bills on time month after
month.
21
23. Truth
One of the most important
things you can do to maintain
good credit is to make timely
bill payments.
22
25. What types of loans should I consider?
Conventional loan
A mortgage not obtained under a government program (such as FHA or VA).
Either conforming or non-conforming.
Government loan
A mortgage obtained under a government program, such as FHA or VA
(for qualified military personnel), often featuring low or no down payment
options and flexible qualifying guidelines
Fixed-rate mortgage
The interest rate and principal and interest payments remain the same for the
life of the loan
Often chosen by buyers who plan to stay in their home for a long period of time
Adjustable-rate mortgage (ARM)
The interest rate may go up or down on pre-determined dates to reflect market
conditions
Often chosen by buyers who think they might sell, move or refinance within a
few years
24
26. How do loan options compare?
Fixed-rate Adjustable-rate FHA/VA
mortgages mortgages mortgage
programs
Predictable
monthly payments
✓ ✓
Lower monthly
payments in the
✓ ✓
loan’s early years
A low down
payment option
✓
A higher loan
amount for higher-
✓ ✓
priced properties
25
27. What about renovation financing?
With renovation financing, you can buy a home a home in most any condition, make
improvements right away, and roll the cost of the improvements into your mortgage.
Today’s real estate market features a variety of properties – including foreclosures
and short sale properties – that may be attractively priced, but need minor or major
improvements.
Renovation financing lets you consider more homes for sale, knowing you’ll be able
to bring out the best in a home by making improvements you want or need.
A Purchase & Renovate loan allows you to get financing based on the appraised
value of the home after improvements are made, so your improvement costs are
included in your purchase loan amount.
Improvements can range from basic repairs and upgrades like floor replacement or
new appliances, to more extensive renovations like room additions or complete
rebuilding on an existing foundation.
A Purchase & Renovate loan fulfills two needs with just one application, one loan
approval, one closing and one monthly mortgage payment.
Plus, the improvements you make may also increase the value of your home.
A certified renovation lending specialist can help you understand your renovation
financing options and work with you every step of the way.
26
31. Speak with a home mortgage consultant
Your home mortgage consultant can:
Help you review your income, assets and debts
and help you explore loan options that may fit
your financial situation
Be your contact throughout the home financing
process:
• Helping you understand the information and
documentation you may need to provide for
your loan application
• Letting you know what to expect and when
• Answering your questions and working with
you every step of the way
30
32. Apply for a PriorityBuyer® preapproval2
Find out how much you may be able to
borrow.
Let REALTORS® and home sellers know
you're a serious homebuyer.
Bid with confidence on the home you
want.
2. A PriorityBuyer® preapproval is based on our preliminary review of credit information only and is not a commitment to lend.
We will be able to offer a loan commitment upon verification of application information, satisfying all underwriting requirements
and conditions, and providing an acceptable property, appraisal and title report. Not available on nonconforming products or for certain FHA transactions.
31
33. Choose a REALTOR®
A good REALTOR should have a working knowledge of the area where you’re
thinking of buying and can help you:
Decide what you want in a home
Search the Multiple Listing Service (MLS) and other resources for homes in
your price range that match your needs
Show you potential homes, listed by any agency
Provide valuable information on communities, comparable values of
neighboring homes, tax rates and building code regulations.
Help you make an appropriate bid on a home you want to buy and act as an
intermediary between you and the seller, during the negotiating process.
Tip: Note the names of REALTORS on ―For Sale‖ signs as you drive through
neighborhoods of interest. Ask friends and family members and your home
mortgage consultant for referrals. Check the websites of local realty companies,
too. When you’ve got a list of potential REALTORS, interview at least two or three
of them.
32
34. What happens next?
Work with your REALTOR® to find a neighborhood and home that’s right for you
Once you’ve found the home, make an offer to the seller, who will accept,
counter or reject it
When the price is settled, you may want to consider ordering a home inspection
Your lender will order an appraisal to assess the home's market value
Get homeowner’s insurance
Close your mortgage and purchase transactions and become a homeowner!
Please note: This is a high level overview of what happens during the
homebuying process. Your home mortgage consultant will work with you each
step of the way and provide a step-by-step checklist when you begin the home
financing process.
33
35. How can Wells Fargo help?
As a fair and responsible lending leader,
Wells Fargo is ready to help you find financing
that serves your immediate and long-term
home financing needs. We want to see you
choose a mortgage that will help keep you
comfortably in your home for years to come.
Wells Fargo Home Mortgage consultants are
trained to pay attention to your goals, help
you understand your options, and clearly
explain how different loan programs work.
So you can make informed decisions.
Learn more about buying a home.
Visit our My FirstHomeSM learning experience today!
wellsfargo.com/myfirsthome
34
Read content on slide.Loan amount is easy to understand. But let's take a closer look at those other four factors.
Read content on slide.Are there any questions?
Read content on slide.Remember that interest rates only tell part of the story. The total cost of a mortgage includes the interest rate PLUS discount points, the origination charges and third party fees. Many of these fees are included in the annual percentage rate (APR), which is typically higher than the interest rate. The APR enables you to compare mortgages of the same dollar amount by considering their total annual cost.
Read content on slide.Are there any questions?
You will be responsible for some costs at the time of your closing.Read content on slide.
Read slide contents.
Anyone want to take a stab at this? Myth or truth?
Read slide contents.Any questions before we go on?
Read slide contents.
Read slide content.Ask if there are questions.
Read slide content.Let's talk a little more about your credit report and credit score.
Read content on slide.
Read content on slide.
Anyone want to take a stab at this? Myth or truth?
Read slide content.Questions?
Read slide content.Clarify by saying:There are two main categories of loans: Conventional andGovernment. Fixed-rate and adjustable-rate mortgage options are available in both categories. Conventional loans may be conforming or nonconforming.Conforming loans have loan amounts and underwriting guidelines that follow a certain set of standards. Nonconforming loans have higher "jumbo" loan amounts or underwriting guidelines that follow a different set of standards. You’ll need to evaluate the features and benefits of each loan type — and other considerations — to help you make informed decisions.
This chart compares the features of different loan types.Your home mortgage consultant will listen to your needs and help you understand your options, so you can make informed home financing decisions.
Our renovation financing options and specialized renovation lending team can help you finance a home, plus wanted or needed improvements — all with one loan.
Anyone want to take a stab at this? Myth or truth?
Read slide contents.As a reminder, you will need to pay mortgage insurance when making less than a 20% down payment.Any questions before we go on?
Read content on slide.
I'll be happy to help you look into getting a PriorityBuyer preapproval before you begin house hunting.
Read slide contents.Then add:In addition to experience, the REALTOR you chooseshould be trustworthy and easy to talk to.
After you’ve put together your homebuying team and determined the your price range, it’s time to start house hunting.Read steps on the slide.This is a high-level look at the homebuying process. I'll be happy to provide more detailed information. Just let me know and I'll make sure you get it.
Knowing what to expect when getting a home loan can make finding and financing your first home an exciting and rewarding experience. Read contents of slide.