This section will provide a high level view of all the content we will cover within the course. You will learn about the instructors qualifications and begin learning about the mortgage process. You'll begin to understand the impact of investing vs. renting.

You will receive forms that were created and refined over 20+ years to assist you in your personal analysis and loan shopping process.

Here you will understand common "Mortgage Lingo" and phrases. You will learn what paperwork is required to get Pre-Approved and get a primer on how mortgage rates work.

We will provide you with a glossary of mortgage and real estate terms and get a peek at some of the forms we will provide after we've trained you on them. We will also provide you with a checklist of things you need to compile for your lender.

In this section you will get some homework. Only you know what you can truly afford to repay every month. We will not let you go off a "GUT" feeling when it comes to this part. We will help you understand what you can "Qualify" for but knowing what your maximum spending budget is THE MOST IMPORTANT THING. 

With the BUDGET EXCERCISE we offer, you'll be able to take inventory of your current spending habits and define for yourself your "Comfort Number". We will show you how to set up your "House Payment" savings goal so you can get on the house payment budget before you sign on the dotted line.

This section will break down the basics of credit and provide you with an understanding of the credit bureaus and scoring models. You will learn the key components of your credit report and what you need to do to maintain the best possible credit scores.

We will provide resources for you too gather your own information prior to starting an application and you will also receive a schedule of debt so we can make sure all of your debt is looked at transparently in the evaluation of your home loan.

In this section we will begin explaining how your income will be analyzed by the Loan Underwriter. These calculations are quite complex so we will show you how to put your best foot forward. Your income as determined by a loan underwriter will determine the loan amount you are able to borrow.  We will provide some income calculation forms and begin Assembling income figures that will be used later on our “Quick Payment” form. 

In this section we will discuss the acceptable sources of down payment as well as what is required to document these funds. A paper trail is required and all large deposits must be addressed. This can be tedious so we will show you how to simplify as much as possible to save you time and headaches.

With our proprietary WAWA form you will summarize your assets and advise the lender what funds will be used. This step is critical to avoiding last minute headaches. You will also learn what is required for getting a family gift for the down payment. This will also be critical for a jumbo loan to assess qualification and reserves required.

For every $100 in monthly payment debt eliminated your borrowing power increases by $15,000. This means eliminating a $300 car payment increases your borrowing power approximately $45,000.

In this section, you will learn what options you have to eliminate or resolve debt prior to applying for or closing on your home. You will also learn the differences between all types of credit accounts and what documents are required if any to validate these debts and payments. By completing our schedule of debt we can assess if paying off debt helps improve borrowing power.

Now that we have gone through much of the basics this is where we pull it all together. By using our quick payment form you will quickly see what you can qualify for and what initial choices you may have. We will put income, debts and proposed house payments together for the first time.

We will also provide insights on how to interview and choose the right loan officer and real estate agent for you. With our quick payment form you will be able to determine, at a glance, what your maximum debt payment can be and also provides house payment calculations so you can line the two up together.

In this section you will learn how loan officers, interest rates, and the application process work. You will know how to read a loan estimate and get familiar with what closing costs are. We will also teach you how to negotiate your best rates so you can walk into the application with confidence knowing the outcome.

We will provide our pre-approval profile so you can get accurate rate quotes without having multiple lenders pull your credit. This will save you tons of marketing solicitation sales calls after your credit report is pulled.

As you begin writing offers, the pre-approval is going to be paramount and integrate with your real estate agent and your offer contract. The sellers real estate agent is going to scrutinize your offer to make sure that you will be able to close once they accept your offer. You will have to work hand in hand with your loan officer and real estate agent to put your best foot forward.

In this section we will summarize the different types of loan pre-approval and what would be best for you. We will discuss the details of the loan application, loan disclosures and the technology that you will need to become familiar with.

Now that you are pre-approved it's time to start thinking about shopping for a home. In this section we will summarize the players involved and some of the choices you will have to make. You will interview a few people and will ultimately have to hire someone to represent you on the loan and real estate side. We will help guide you through the decision process.

With all the people involved in helping you buy your home, some you will get to know very well and some you will not meet at all. It's important that you trust and have rapport with a professional who has your best interests at heart. We will provide a few checklists and glossaries itemizing who these people are and what their typical roles are.

The contract is a legal binding document and needs to be cared for as such. Although contracts can vary by county and state, we will share with you the most important things a lender wants to see and things they do not want to see.

It is the real estate agents obligation to discuss every detail with you and we will provide context as to how the contract relates to the loan. We will help itemize where lending and real estate overlap so you know who to call for what.

Murphy's law. Cause & effect. Speak of the devil the devil appears. This is a very important subject so we do want to share with you some of the common mistakes where common sense is not applied. We will explain importance of working with professionals and things you do not want to do. Through the different elements of pre-approval, the contract inspections and application processing we will give you some real life examples of mistakes & errors where some home buyers made things hard for themselves. A wise man learns from the mistakes of others.

In this section we will start discussing some of the more complex case by case questions that come up throughout the application and closing process. Many topics - like tax brackets, deductions, exemptions, 1040 tax returns, etc. - are never discussed during the typical loan process and are unknown for most first time buyers.

Understanding how these things affect budget and the ultimate purchase price of your home will help maximize your buying power without going over budget.

Armed with knowledge, you are ready to start shopping for a home loan. The advise and guidance within this course is designed to save time and MONEY. We are confident that you will saves several hundeds if not thousands of dollars by knowing how to shop and compare loans and mortgage Loan Officers.

We will recap the forms that you are taking with you so you know how to adjust moving forward. We will also have some fun with a Q&A session including the most common questions we get from our 20+ years of helping homeowners.