Mortgages And Home Loans 101

What you'll learn
Know how to qualify and be approved for a home loan
Know the differences between different loan programs
Understand what goes into your mortgage payment and how it is calculated
Completely follow the life of a home loan and know how the cycle works
Requirements
No learning experience needed. You will find out how a mortgage loan works throughout the course
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.
Overview
Section 1: Introduction
Lecture 1 Introduction
Lecture 2 How to Qualify for a Home Loan (The 4 C's)
Section 2: Mortgage Basics and Loan Types
Lecture 3 Overview of Loans Programs
Lecture 4 Overview of Loan Programs Cont'd
Lecture 5 Overview of Loan Programs Cont'd
Lecture 6 Overview of Loan Programs Cont'd
Section 3: Life of a Loan
Lecture 7 How is Home Loan Started and Finished?
Lecture 8 Looking at the Housing Market
Section 4: The Payment Breakdown
Lecture 9 What are Principal and Interest Payments?
Lecture 10 What are Taxes and Insurance?
Section 5: Closing the Deal and Homeownership Responsibilities
Lecture 11 How to breakdown a Loan Estimate
Lecture 12 How to breakdown Closing Costs
First Time Homebuyers, People who are interested buying or refinancing a home.,People who own land and are looking to build a home on their property


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