Step by step process to buying a home. Everything you need to know from making the offer, to getting the proper inspections, the paperwork, and closing process.
Mike Hall
Http://www.myohiohouse.com
614-937-4162
First Time Home Buyer Class Sacramento CaliforniaHomeBoom.com
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Learn about first time home buyer programs to purchase real estate. First time home buyer loan programs are our there to help you buy your first home. Down payment assistance and special government programs can help with closing costs. HomeBoom.com is a great place to search for the perfect house.
Step by step process to buying a home. Everything you need to know from making the offer, to getting the proper inspections, the paperwork, and closing process.
Mike Hall
Http://www.myohiohouse.com
614-937-4162
First Time Home Buyer Class Sacramento CaliforniaHomeBoom.com
Â
Learn about first time home buyer programs to purchase real estate. First time home buyer loan programs are our there to help you buy your first home. Down payment assistance and special government programs can help with closing costs. HomeBoom.com is a great place to search for the perfect house.
Our Steps to Success Buyer Presentation is about educating your buyer clients right from the beginning. As a Realtor®, you are a trained, knowledgeable, experienced professional. You know the market nationally, regionally and locally. With a strong buyer presentation such as ours, you will get the commitment of buyer prospects to work with you. We all know that working with buyers can be like herding cats. Our Buyer Presentation is a tool designed to help designate you as the real estate professional and establish control of your client.
The General view of mortgage which helps to understand the Loan cycle. The mortgage is divided into many different processes like credit income, collateral, underwriting, loan set up, processing etc. Any query related to mortgage please write. I will do my best to resolve your query.
I am also freelancer for the different financial product. Any assistance related to any financial product you can reach out to me.
Mortgage Basics provides information about mortgage products and programs that will help real estate agents realize success. Topics include:
- when you need to ask for more time to close,
- property types and characteristics that might be more difficult to sell (and how to sell them),
- how to use various products/programs to help increase a buyer's purchasing power.
RE/MAX Realty Advantage has a continued commitment to providing the entire real estate community with useful, reliable real estate information. This is a slide presentation, that goes over the basics of mortgages, specific to San Antonio, but is applicable nationwide.
You can liberate your credit score by following some well-established guidelines. Use this quick-start guide as a primer to the world of DIY credit repair.
Want better credit and all the benefits that come with it?
The following credit repair do-it-yourself guide is everything you need. Seriously.
The following guide is a rundown of everything you need to improve your scores and fix errors in your reports. We've layed out the who, what and where so you can roll up your sleeves and get started all on your own. Just the inside skinny on exactly how to do it, along with some of our most powerful success tips to ensure you get it right.
How can a higher FICO rating help you? Why go to all the trouble to fix your scores? Good credit unlocks the very doors of the financial world - and it's not hyperbole. Imagine cutting your home loan payments in half. Imagine walking onto the car dealership for them to throw you the keys to whichever model you like to test drive and finance at your will. It's all about trust people. Great credit equals greater access, lower interest rates, and increased consumer trust.
It's being used to determine approvals for rentals and can even reduce your insurance payments. The benefits are numerous...
But enough of my blathering... Read it and let me know what you think, be sure to comment.
Jump right in, check out the guide, and if you like what you see, please share it with your friends.
Mortgage Banking Seminar is part of the continuing series of training presentations for the Financial Services Industry. Check out our other presentations in this series and contact Saunders Learning Group if you have training needs. We can help, we have been doing training in the financial services industry for 30 years.
US Mortgage - Learn Complete Life Cycle of Mortgage ProductionVijay_30071977
Â
You might be wondering what is US Mortgage? Why it is important? What role it plays in US economy? Why it is important to learn about US Mortgage? Who should learn this domain? Why they should learn this domain? What is the complete life cycle of the Mortgage, right from Origination of the loan to selling the same loan in secondary market, who are the players involved? What all the processes involved? What all the consumer Affairs Laws & Regulations? And Key Terms and Concepts.
The US – Mortgage in a nutshell
Let’s understand What is US Mortgage in a nutshell? US Mortgage, in this course you going to essentially learn about what is US Mortgage Banking, what all the risks involved in mortgage banking, What all the different types of Mortgages available in market? As fundamentals of US Mortgage.
When it comes to Mortgage Production, you will learn about what all the different processes like Loan Origination, Processing, Underwriting, Closing & Funding. Each process again has multiple processes in order to make sure both borrower & lender are in compliance with federal laws.
Let’s see what we going to learn in Mortgage Servicing. This section of the course will talk about Loan servicing processes such as Cash Management, Investor Accounting & Reporting, Document Custodianship etc. Also, this section of the course will talk about Loan Servicing Players such as Loan Servicers, Trustees, Paying Agents, Primary Custodians, Primary Collateral Trustee etc.
Last section of this course is the more exciting one. This section will throw light on Mortgage Secondary Marketing, who are all players, How the Securitization process is structured? What all the government sponsored entities are involved in securitization process? Which are called private conduits and their role in secondary market.
So, who are target audiences? This course is meant for someone who wants to build their career as a business analyst, product owner/manager for Mortgage products, This course is for someone who is interested in Mortgage Business as an investor or financier, This course is meant for academicians who wants teach on US Mortgage domain, This course is prepared for all the people who works in the are of US Mortgage, but do not have complete understanding of how the mortgage is originated and finally sold in the secondary market. This course is intended for anyone who is in finance domain.
So, at the end of this lesson, you will be able to understand the whole process of Mortgage production right from origination to selling them in secondary market, you will be able to answer all the questions related to US Mortgage, if you are investor in mortgage business, you will be much comfortable in your decisions since the decision you make will be informed decisions. If you are a product owner for a mortgage product, you will be enhanced with additional knowledge of mortgage.
Our Steps to Success Buyer Presentation is about educating your buyer clients right from the beginning. As a Realtor®, you are a trained, knowledgeable, experienced professional. You know the market nationally, regionally and locally. With a strong buyer presentation such as ours, you will get the commitment of buyer prospects to work with you. We all know that working with buyers can be like herding cats. Our Buyer Presentation is a tool designed to help designate you as the real estate professional and establish control of your client.
The General view of mortgage which helps to understand the Loan cycle. The mortgage is divided into many different processes like credit income, collateral, underwriting, loan set up, processing etc. Any query related to mortgage please write. I will do my best to resolve your query.
I am also freelancer for the different financial product. Any assistance related to any financial product you can reach out to me.
Mortgage Basics provides information about mortgage products and programs that will help real estate agents realize success. Topics include:
- when you need to ask for more time to close,
- property types and characteristics that might be more difficult to sell (and how to sell them),
- how to use various products/programs to help increase a buyer's purchasing power.
RE/MAX Realty Advantage has a continued commitment to providing the entire real estate community with useful, reliable real estate information. This is a slide presentation, that goes over the basics of mortgages, specific to San Antonio, but is applicable nationwide.
You can liberate your credit score by following some well-established guidelines. Use this quick-start guide as a primer to the world of DIY credit repair.
Want better credit and all the benefits that come with it?
The following credit repair do-it-yourself guide is everything you need. Seriously.
The following guide is a rundown of everything you need to improve your scores and fix errors in your reports. We've layed out the who, what and where so you can roll up your sleeves and get started all on your own. Just the inside skinny on exactly how to do it, along with some of our most powerful success tips to ensure you get it right.
How can a higher FICO rating help you? Why go to all the trouble to fix your scores? Good credit unlocks the very doors of the financial world - and it's not hyperbole. Imagine cutting your home loan payments in half. Imagine walking onto the car dealership for them to throw you the keys to whichever model you like to test drive and finance at your will. It's all about trust people. Great credit equals greater access, lower interest rates, and increased consumer trust.
It's being used to determine approvals for rentals and can even reduce your insurance payments. The benefits are numerous...
But enough of my blathering... Read it and let me know what you think, be sure to comment.
Jump right in, check out the guide, and if you like what you see, please share it with your friends.
Mortgage Banking Seminar is part of the continuing series of training presentations for the Financial Services Industry. Check out our other presentations in this series and contact Saunders Learning Group if you have training needs. We can help, we have been doing training in the financial services industry for 30 years.
US Mortgage - Learn Complete Life Cycle of Mortgage ProductionVijay_30071977
Â
You might be wondering what is US Mortgage? Why it is important? What role it plays in US economy? Why it is important to learn about US Mortgage? Who should learn this domain? Why they should learn this domain? What is the complete life cycle of the Mortgage, right from Origination of the loan to selling the same loan in secondary market, who are the players involved? What all the processes involved? What all the consumer Affairs Laws & Regulations? And Key Terms and Concepts.
The US – Mortgage in a nutshell
Let’s understand What is US Mortgage in a nutshell? US Mortgage, in this course you going to essentially learn about what is US Mortgage Banking, what all the risks involved in mortgage banking, What all the different types of Mortgages available in market? As fundamentals of US Mortgage.
When it comes to Mortgage Production, you will learn about what all the different processes like Loan Origination, Processing, Underwriting, Closing & Funding. Each process again has multiple processes in order to make sure both borrower & lender are in compliance with federal laws.
Let’s see what we going to learn in Mortgage Servicing. This section of the course will talk about Loan servicing processes such as Cash Management, Investor Accounting & Reporting, Document Custodianship etc. Also, this section of the course will talk about Loan Servicing Players such as Loan Servicers, Trustees, Paying Agents, Primary Custodians, Primary Collateral Trustee etc.
Last section of this course is the more exciting one. This section will throw light on Mortgage Secondary Marketing, who are all players, How the Securitization process is structured? What all the government sponsored entities are involved in securitization process? Which are called private conduits and their role in secondary market.
So, who are target audiences? This course is meant for someone who wants to build their career as a business analyst, product owner/manager for Mortgage products, This course is for someone who is interested in Mortgage Business as an investor or financier, This course is meant for academicians who wants teach on US Mortgage domain, This course is prepared for all the people who works in the are of US Mortgage, but do not have complete understanding of how the mortgage is originated and finally sold in the secondary market. This course is intended for anyone who is in finance domain.
So, at the end of this lesson, you will be able to understand the whole process of Mortgage production right from origination to selling them in secondary market, you will be able to answer all the questions related to US Mortgage, if you are investor in mortgage business, you will be much comfortable in your decisions since the decision you make will be informed decisions. If you are a product owner for a mortgage product, you will be enhanced with additional knowledge of mortgage.
HOM INtro #5: What\'s a Hardship Package Anyway?MildredWilkins
Â
Don’t you hate it when there is something you have to do and you have no idea how to get started? You would be willing to provide what is being asked for—if you better understood what that was? Providing a hardship package is a requirement for almost all lenders/servicers in order to get any kind of workout. Yet, seldom do consumers feel they have a clear understanding of what is needed, why it is needed or how to put together the information so critical to their housing mess. You’ll be prepared to get the job done once you have reviewed this INtro. Isn’t it worth 15 minutes of your time to get the details you need to do a better job of giving your lender what they need—to give you what you want? We thought you’d agree...
Want to know about Mortgage Loans? Mortgage Unlimited has been serving people with their professional yet friendly mortgage assistance for your convenience.
https://www.mucloan.com/
Picking Up The Pieces: Rebuilding Your Credit After Financial DisasterCurtis Rose
Â
It happens to many people sooner or later: a financial challenge knocks you down and your credit goes down with you. How can you stop the descending spiral of financial collapse?
The good news is: while it does take some time and effort, even the worst credit can be salvaged and be well above average again within 12 months!
This special report details strategies that will get you back on a positive financial track and help you rebuild your credit quickly.
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...Amil Baba Dawood bangali
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Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
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Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
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Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
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In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how to sell pi coins in South Korea profitably.DOT TECH
Â
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how can i use my minded pi coins I need some funds.DOT TECH
Â
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Â
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
Â
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
Â
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
what is the best method to sell pi coins in 2024DOT TECH
Â
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Â
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
Â
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
what is the future of Pi Network currency.DOT TECH
Â
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how can I sell pi coins after successfully completing KYCDOT TECH
Â
Pi coins is not launched yet in any exchange đź’± this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAYÂ you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
2. 2FIRST TIME HOMEBUYER CHECKLIST
apmortgage.com |
TABLE OF CONTENTS
Introduction........................................................................................................................03
Be Informed About Your Credit.....................................................................................04
Understand Your Financial Picture..............................................................................06
Select a Mortgage Professional & Get Pre-approved............................................09
Research First-Time Buyer Programs..........................................................................10
Choose the Best Mortgage Loan Program................................................................11
Shop and Make an Offer on a Home...........................................................................14
Complete the Mortgage Loan Process........................................................................17
About American Pacific Mortgage................................................................................18
3. 3FIRST TIME HOMEBUYER CHECKLIST
apmortgage.com |
Ready to learn more about the
steps that will take you along
the road to homeownership?
If this is your first time going through the homebuying
process, you may have some questions about where to
begin and who to turn to for help.
For example, who do you contact first: a real estate agent
or a loan advisor?
(The answer may surprise you.)
Follow along as we break down these steps one-by-one so
you can have a better understanding of the home buying
process.
1. BE INFORMED ABOUT YOUR CREDIT
2. UNDERSTAND YOUR FINANCIAL PICTURE
3. SELECT A MORTGAGE PROFESSIONAL
4. RESEARCH FIRST TIME BUYER PROGRAMS
5. CHOOSE A MORTGAGE LOAN OPTIONS
6. MAKE AN OFFER
7. COMPLETE THE MORTGAGE LOAN PROCESS
FIRST TIME
HOMEBUYERS’
CHECKLIST
4. 4FIRST TIME HOMEBUYER CHECKLIST
apmortgage.com |
BE INFORMED ABOUT YOUR CREDIT
It’s important to know your credit score and how it will factor into a lender’s decision to
qualify you for a home loan.
How much do you know about your credit? Your credit score will definitely play a large role
in getting a mortgage loan and favorable interest rates. Knowing your credit score and
reviewing your credit report before you consider buying a home may help you prevent
unexpected surprises.
HOW TO REQUEST & REVIEW YOUR CREDIT REPORT
You can request a free copy of your credit report once each year from all three of the major
credit reporting agencies. Go to www.annualcreditreport.com to receive your free credit
report.
Once you have your credit report, be sure to review it. If you see any mistakes in your report,
you will want to take care of them immediately. Contact both the credit bureau and the
organization that reported the incorrect information to have it fixed.
1
5. 5FIRST TIME HOMEBUYER CHECKLIST
apmortgage.com |
CREDIT REPORTING AGENCIES (CONT.)
Experian: 1-888-397-3742
Agency
Debt Agency
Phone
Phone
Amount
Amount Owed
Report inaccuracies:
Outstanding debt:
Score:
TransUnion: 1-800-916-8800
Agency
Debt Agency
Phone
Phone
Amount
Amount Owed
Report inaccuracies:
Outstanding debt:
Score:
You may also contact the agencies directly to request your score (may require a fee):
Equifax: 1-800-685-1111
Score:
Agency
Debt Agency
Phone
Phone
Amount
Amount Owed
Report inaccuracies:
Outstanding debt:
6. 6FIRST TIME HOMEBUYER CHECKLIST
apmortgage.com |
UNDERSTAND YOUR FINANCIAL PICTURE
Buying a home will require a good understanding of your overall finances, and your future
financial goals.
If you plan on buying a home, you will need to have a good understanding of your finances.
A lender will look at your overall financial picture to qualify you for a mortgage loan, so it’s a
good idea to know where you stand:
Write down all of your earnings
for the year, including wages,
commissions, bonuses,
self-employed income, as well
as any child-support payments,
alimony payments, or other
income you have
Make a list of all your obligations.
You will want to know how much
you owe in total for all credit
cards, retail accounts, student
or auto loans, and other debts.
What is the minimum monthly
payments required for each?
What have you saved? Take
note of how much you have in
your savings accounts, as well
as retirement accounts such as
IRAs or 401ks.
And finally, identify your
spending habits. How much are
you spending on essentials, such
as your living expenses, and how
much is going towards
non-essentials such as dining
out, or entertainment? This will
help you identify any trade-offs
you might be willing to cut out of
your non-essentials budget.
S T E P 1 S T E P 2 S T E P 3 S T E P 4
2
7. 7FIRST TIME HOMEBUYER CHECKLIST
apmortgage.com |
Create a financial snapshot that is up-to-date. Writing this information
down will be helpful when it is time to meet with a loan advisor.
FINANCIAL SNAPSHOT WORKSHEET
Income Source
Type of Savings
CreditorDates Received
Total: $
Total: $
Min. Monthly
PaymentAmount
Amount
Amount Owed
Step 1: Earnings
Step 3: Savings
Step 2: Obligations
$
$
$
$
$ $
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
Total: $
9. 9FIRST TIME HOMEBUYER CHECKLIST
apmortgage.com |
SELECT A MORTGAGE PROFESSIONAL & GET PRE-APPROVED
The mortgage loan advisor you select will be your guide
through the home buying process.
Selecting a mortgage advisor to team up with early in
the home buying process is extremely important. An
experienced and knowledgeable mortgage loan advisor
will help you review your overall financial picture, discuss
your financial goals, and determine what homeownership
looks like for you. Your advisor will then help you map out
a plan to get you to the finish-line and into your new home.
One of the most important reasons to team up with your
mortgage professional before you begin the process of
shopping for a home is to obtain a pre-approval. A
pre-approval is part of the official loan process where a
lender provides you with a letter confirming the specific
loan amount you can expect to be approved for.
Presenting a pre-approval letter along with your offer when
you find the home of your dreams will allow you to make
the strongest possible offer. Sellers will see that you have
begun the mortgage process, and that a lender has agreed
to give you the amount you are offering, which can give you
a competitive advantage over other potential buyers.
You can have an even more distinct advantage if you get
pre-approved with American Pacific Mortgage’s Keys on
Time program. It will help you to beat out other bidders,
as a seller knows you have already been pre-approved for
financing and can close in 20-days or less. If you don’t close
on time, you could receive a closing cost credit of $895* (see
footnote).
3
MORTGAGE LOAN ADVISOR
Name:
Company:
Email:
Cell Number:
Fax Number:
NMLS#:
10. 10FIRST TIME HOMEBUYER CHECKLIST
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First time buyer programs offer financial assistance to qualified borrowers
who may need some creative solutions to get into their first home.
Ask your mortgage advisor if there are any first-time buyer programs
available to help you with your purchase. These programs offer financial
assistance to qualified borrowers with:
• Down payment assistance
• Grants to help with closing costs, down payments, or home improvements
• Subsidized interest costs
• Reduced lender’s fees eligibility depending on loan program
Down payment assistance is one of the most utilized benefits of a first-
time buyer program. You may be eligible for one of these federal, state, or
even local city-funded programs if you meet the guidelines for income and
property value. Your mortgage advisor is there to help you learn about the
benefits of these programs and which ones you may qualify for.
RESEARCH FIRST-TIME BUYER PROGRAMS4DOCUMENTS CHECKLIST
Being prepared and gathering
documents can make the loan/
pre-approval process a bit easier.
Generally, these documents include:
• 2 years W2s
• 2 years tax returns
• Recent paystubs (last 30 days)
• 2 months asset statements for
all accounts
• Information on debts or assets
Additional documentation may be
requested after your offer to purchase a
home has been accepted.
11. 11FIRST TIME HOMEBUYER CHECKLIST
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CHOOSE THE BEST MORTGAGE LOAN PROGRAM
Choose the best mortgage option to help you reach your goals of homeownership at a competitive interest rate?
There are a variety of mortgage loan programs available, each with it’s own unique rates, terms, benefits, and
qualifying guidelines. Your mortgage loan advisor can help you compare the pros and cons of different loan
programs, so you can select the mortgage that will best help you reach your goals at the most competitive
rate possible. The requirements for a down payment can vary by loan program.
5
F H A L O A N S
FHA loans are backed by the Federal Housing
Administration. These government insured
loans are designed specifically to help
borrowers get into their homes with more
lenient qualifying guidelines and lower down
payment requirements. FHA loans are a
popular choice for many first-time buyers.
Downpayment requirement: Government
insured loan program designed to help first-
time buyers with down payment requirements
as low as 3.5% for qualified borrowers.
V A L O A N S
VA loans are designed to help active duty
military, veterans, and surviving spouses into
homes. VA loans have more lenient qualifying
guidelines, and offers 100% financing with no
down payment requirements for veterans and
service men and women.
Downpayment requirement: Government
insured loan program that rewards qualified
borrowers such as veterans, active duty
military, and surviving spouses for their service
with 0% down payment requirements.
MORTGAGE LOAN PROGRAMS AT A GLANCE
U S D A L O A N S
USDA loans are government insured 100%
purchase loans for rural property outside of major
metropolitan areas. USDA loans are serviced by
direct lenders that meet federal guidelines. USDA
loans offer unique benefits, including no down
payment requirements for buyers.
Downpayment requirement: Government
insured loan program that requires 0% down for
qualified borrowers purchasing homes in rural
areas outside of major metros.
12. 12FIRST TIME HOMEBUYER CHECKLIST
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J U M B O L O A N S
Jumbo loans are available for
higher loan amounts when you
need a larger home or are buying in
a higher priced real estate market.
Jumbo loans exceed conforming
loan limits, which vary by location
but is generally $417,000. Because
of the higher loan amounts,
Jumbo loans often have higher
down payment and cash reserve
requirements.
I N T E R E S T O N LY L O A N S
An interest only loan allows you to pay only the full monthly interest due
on your loan for the fixed period of the loan, which can range from 5 to
10 years. During the fixed payment period, you’re required to make only
the interest payments; the principal remains unchanged. When the fixed
period expires, you begin paying on the principal, too, resulting in an
increased mortgage payment.
Your loan advisor will not only present you with the mortgage options
available to you based on your personal qualifying factors; they can
also recommend the loans that will help you best reach your personal
financial goals.
F I X E D - R AT E V S : A D J U S TA B L E R AT E M O R T G A G E S
Many loan programs are available as either a fixed rate or adjustable rate mortgage. A fixed rate mortgage is the most
popular option for first-time buyers. With a fixed rate loan, the interest rate and payment remains the same throughout
the life of the loan, which is generally a term of 15 or 30 years. The financial stability of a fixed rate loan makes long-
term financial planning easy for buyers who know that their payment will not change.
An adjustable rate mortgage, also known as an ARM, has an initial fixed rate period typically lasting from 3 - 10 years.
During this initial fixed rate period, an ARM often has a lower interest rate compared to a fixed rate mortgage. After the
initial fixed period is over, the interest rate on an ARM can adjust either up or down based on the financial index it is
attached to. Because of the lower rate during the initial fixed period, the ARM is often an attractive loan for buyers who
have short-term goals for their home, and plan on refinancing or selling within that period.
MORTGAGE LOAN PROGRAMS AT A GLANCE (CONT.)
C O N F O R M I N G /
C O N V E N T I O N A L L O A N S
Conventional loans are ideal for
borrowers with good to excellent
credit. These loans have fairly
conservative guidelines for
borrower credit, down payment,
and debt ratios, and qualifying
borrowers can often get very
competitive interest rates.
13. 13FIRST TIME HOMEBUYER CHECKLIST
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Mortgage insurance, which is also known as Private Mortgage Insurance or PMI, is generally
required when a homebuyer purchases a home with a conventional loan using a down
payment less than 20% of the home’s purchase price.
There are a variety of choices available when paying PMI and each will vary based on your
individual financial situation:
This is the most common type
of PMI. This type of mortgage
insurance has a monthly
premium payment included as
part of your monthly mortgage
payment.
This option allows you to
eliminate the monthly mortgage
insurance payment by paying
the full cost of the mortgage
insurance by including it in the
total cost of the loan amount,
or paying it in full as part of your
closing costs.
This type allows a one-time
upfront fee that is paid by the
lender and eliminates the need
for monthly PMI payments. The
lender typically covers the one-
time upfront fee with a slightly
higher interest rate over the
duration of the loan.
This option reduces your
monthly PMI obligation by
paying a percentage of the loan
amount upfront – you can pay
up to 1.25 percent. The greater
the upfront portion paid, the
lower the monthly payment. In
sum, you are paying some of
the premium upfront, and the
remainder in monthly payments.
DO YOU NEED MORTGAGE INSURANCE?
BORROWER PAID
MORTGAGE INSURANCE
BORROWER PAID
MORTGAGE INSURANCE
LENDER PAID
MORTGAGE INSURANCE
SPLIT EDGE
MORTGAGE INSURANCE
(Monthly Premium) (Single Premium) (Single Premium) (Single + Monthly)
14. 14FIRST TIME HOMEBUYER CHECKLIST
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SHOP AND MAKE AN OFFER ON A HOME
Expand your team of professionals, make your wish list, and go house
hunting with a pre-approval letter in hand
Your mortgage loan advisor was the first professional to join you on your
homebuying journey, but now it’s time to expand your team to include a
real estate professional who can help you find the house of your dreams.
WHY WORK WITH A REAL ESTATE AGENT?
Real estate agents have access to MLS listings - all the local homes listed for
sale by other agents. In addition, there are other benefits to working with a
real estate professional, whose job includes:
• Arranging appointments to view homes
• Advising you on local real estate markets and property values
• Helping you to make a competitive offer
• Negotiating the purchase contract terms with Seller and Seller’s agent
• Recommending inspectors to evaluate the property
• Monitoring the escrow process on your behalf
Partnering with a knowledgeable and experienced real estate agent can
help make the home buying process smoother, easier, and can help you
find the home that you are dreaming of.
6
REAL ESTATE AGENT
Name:
Company:
Email:
Cell Number:
15. 15FIRST TIME HOMEBUYER CHECKLIST
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MAKE A WISH LIST
When you meet with your agent, you may want to have
an idea of what you are looking for in a home. While you
may not be able to check off everything on your list, you
can communicate to your agent which things are your top
priority in a new home. Your list may include:
• Whichneighborhoodorareaoftowndoyouprefertolivein?
• Do you have a preference on schools?
• Do you want a newer home, older home, or fixer upper?
• What style of housing appeals to you?
• How many bedrooms do you want?
• What size house do you prefer?
• What features (inside or out) do you want to have?
DREAM HOME WISH LIST
House size:
How many bedrooms:
Style of housing:
Neighborhood:
School preferences:
Special features:
Other Comments:
Listing out what you want in a home and its surrounding areas will be
helpful for your real estate agent when he/she helps present you with
homes in your price range.
16. 16FIRST TIME HOMEBUYER CHECKLIST
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HOME PURCHASE AND REPAIR PROGRAMS
For some people, a brand new home is at the top of their priority list. For
others, nothing is more appealing than finding a home with some age and
character which needs a little TLC and renovation. If you are a DIYer who
has been dreaming of a home that you can repair and renovate, you may
want to learn about the home purchase and repair programs available to
you. American Pacific Mortgage offers a Dream Home Renovation program,
which can provide 110% financing for qualifying borrower(s) who want to
take advantage of properties that need a little work to become the home
you’re dreaming of.
When you present your offer with your preapproval letter, as well any other
advantages such as a Keys on Time 20-day close guarantee*, we strive to
make you stand out against other offers.
APM LOAN PROGRAMS
17. 17FIRST TIME HOMEBUYER CHECKLIST
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COMPLETE THE MORTGAGE LOAN PROCESS
When your offer has been accepted, it’s time to move forward with the
mortgage loan process.
Now you have the information that a lender needs to move your loan
forward, such as the property address of the home you want to purchase.
Your mortgage advisor will help you update and complete your loan
application so that it can be submitted for final underwriting review and
approval and walk you through the rest of the loan process.
Please note that before your loan gets final approval, you may receive
a list of closing conditions that need to be met. These conditions can
include verification that your employer is current, and proof that you have
obtained homeowner’s insurance, and any other items as requested by the
underwriter. Once closing conditions have been satisfied, the underwriter
issues a clearance and your loan is fully approved.
Buying your first home should be an exciting experience. We can help you
keep it from being an overwhelming one. Request a home loan quote today.
7
18. 18FIRST TIME HOMEBUYER CHECKLIST
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ABOUT AMERICAN PACIFIC MORTGAGE
American Pacific Mortgage is dedicated to helping first time buyers realize
their dream of homeownership, and our mortgage advisors have helped
countless buyers obtain the funding they need. Our top priority is presenting
you with all of your available options, and then helping you make the most
informed decision for you and your financial goals. With over 170 branches
located in 18 states, you can easily find an advisor near you to guide you
through the homebuying process confidently and with ease.
Contact us for more information on the home loan options available to you,
and for the answers to any question you have about buying your first home.
*NotavailableinOregon.The“KeysonTime”programisalimitedguaranteethatAPMCwillprovideacredittotheborrowerof$895afterthecloseofescrowif,duetosome
faultonthepartofAPMC,itsoriginatorsorotherAPMCstaff,apurchasetransactiondoesnotcloseuntiladateaftertheoriginallystatedcloseofescrowdate.The“Keys
onTime”limitedguaranteedoesnotapplyifthepurchasetransactionfailstocloseonorbeforetheanticipatedcloseofescrowdateduetoevents/circumstancesbeyond
APMC’scontrol,includingbutnotlimitedto,delayscausedby:anunacceptableorunexpectedlylowappraisalvalueonthesubjectproperty,actsoromissionsbytheescrow
ortitlecompany,secondlienholderapprovals,shortsaleapproval,orloanconditionsimposedbythelenderthat,despitereasonablediligencebyAPMC,arenotmetby
anypartyinatimelymanner.The“KeysonTime”limitedguaranteetriggerbeginswhentheinitialloanpackageisreceivedbyAPMC’sFulfillmentcenter.Thecomplete
loanpackagemustbereceivedintheAPMCFulfillmentcenteraminimumof20dayspriortotheCOEdate.Exclusions:ThelimitedguaranteedoesnotapplytotheHARP
program,reversemortgages,FHA203k,non-delegatedjumboproductsoranyloansthatrequirepriorapprovalfromaninvestor.Thelimitedguaranteeappliestopurchase
transactionsonly.Allprogramsaresubjecttoborrowerandpropertyqualifications.Rates,terms,andconditionsaresubjecttochangewithoutnotice.NMLS#1850