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.
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So You’re Buying a Home
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.
What to Expect on the Mortgage Journey
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.
What to Expect from a Lender
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.
How a Loan Application is Analyzed
Have you wondered about what is involved in doing a home loan analysis, and how a credit decision is made? Here is the interesting. You can present the same exact financial and credit information to three different lenders and have one deny you, one approve you with certain terms and rate options, and the third approve you with completely different terms and rate options. Here is the answer on what is looked at in a credit loan (mortgage) application.
Types of Mortgage Lending Institutions
There are several types of lending institutions who can extend you credit via a mortgage loan for purposes of purchasing a home. What are the different types, and how are they different? Find out here.
What to do when a lender is unresponsive
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.
The Five Stages of Loan Approval
When is your loan approved, and how do you know that your financing for a home loan is secure? Well, it depends on which stage of loan approval you are at. Here are the five stages of home loan approval that most people are completely unaware of.
Role of a Mortgage Team
Some mortgage lenders are one-person teams, while others have several members on their team. What is the difference, how to find out what their team looks like, and what are the advantages and disadvantages of each?
Role of the Loan Processor
Once your home loan application has been submitted, your loan processor becomes your most trusted “best friend” in the transaction. This video describes what a loan processor is and what their role is.
