Basics

You are at the point where you have access to mortgage loan originator insider secrets.  You will find information in this section that people who are licensed by the NMLS could or should know.  This is where true insider secrets are revealed, allowing you to have access to knowledge as if you were a loan originator yourself.  It’s possible some of these you already know, while most of them you may not.  It all depends on your personal experience.  Bottom line is this area contains information and strategies that I used for myself and would use for any family member or close personal friend.

You’re going to purchase a home and you need a home loan.  Don’t you want a friend, and “insider”, who will show you where all the money savings are at when doing a home loan?  Of course you do!  Now, you have one.

So, you are looking to purchase a home and you need a home loan.  Welcome to a whole new world!  What do you do, how do you do it, who do you call, what can you expect?  You will learn the answers to these questions, plus more.

Aren’t all lenders the same?  Of course not!  As a consumer, who is about to make one of the largest purchases of your life, you deserve 5-star treatment in your mortgage journey.  Here is what you can expect from a lender.

Sometimes, if not oftentimes, a lender can be unresponsive to your inquiries.  Why does that happen, how can you provoke them to response, and what should you do if they don’t respond?  Answers to these questions can be found here.

On most home purchases, an inspection and appraisal are conducted.  But not on all.  When do you need an inspection, when do you need an appraisal, and what are the differences?

What is the current interest rate?  Did you know that in order for a lender to quote you an accurate rate, there are 10 variables (things) that are in play which determine the rate you will be quoted?

The amount of money you will be borrowing will determine which agency programs you can qualify for.  Knowing your amount, and the limits of each agency, will help to position you with the best terms possible.

The percentage of your loan amount compared to the value of the property you are purchasing can have a significant impact on your rate offers.  Knowing your options can help to position you with the best terms possible.

Not all loans are the same.  The terms, the qualification guidelines, and the rates can vary quite a bit.  Understand what type of loan would be the best one for you.