Full Transcript is Below: – When applying for a mortgage, your lender will look at both your credit report and credit score. While they are related, they are used for different purposes. Your credit report is an account of your credit history and activity. It...
Full Transcript is Below: – [Instructor] When looking for a new home, you will hear the terms pre-qualified and pre-approved. Sometimes they are used interchangeably, but they’re actually quite different. A pre-qualification is simply an initial...
Full Transcript is Below: – [Narrator] Purchasing a new home may seem like a daunting task, but it boils down to six easy steps. One, get pre-qualified. Your loan originator will look at your credit score, pay stubs, and W2s and give a preliminary...
Full Transcript is Below: – You’ve applied for a mortgage. Congratulations on taking the first step to home ownership. Here’s a short list of do’s and don’ts to make sure you close on your new home quickly and easily. Do: have access to...
Full Transcript is Below: – [Narrator] Your home loan has gone into underwriting. Great news. Now, what is underwriting? Underwriting is the process that lenders use to determine whether you qualify for a mortgage loan. So how is your application evaluated? We...
Full Transcript is Below: – [Narrator] Remodeling should make your home more pleasant and livable, but not all home improvements are created equal. Transforming a living space to match your vision is one thing, going overboard with an upgrade can end up...
