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Practical mortgage Loan Processes

How to process mortgage loan, How to strengthen your loan application, How to qualify for mortgage loan, etc
Instructor:
Eric Yeboah
37 students enrolled
English [Auto]
Learn mortgage loan process
How to qualify for a mortgage
Learn how to strengthen your mortgage loan application
Learn mortgage default and foreclosure
Reasons a lender may reject your mortgage application
Learn what happen if you lose your job during the mortgage process
Learn about mortgage demand
Understand mortgage terminologies
Learn mortgage term
Understand mortgage payment

For many people owning a home is a very big dream of everybody, but it does not come easily because the cost involved is too huge and only few  people can save to pay the money and buy their home, because of that they go in for a mortgage to aid them buy the home and pay it over a long period of time and that loan is called mortgage. Mortgage is a very special type of loan you can use to buy a home or refinance a home. We all must understand that mortgage loan companies expect that the customers will have to pay a minimum down payment before they will be allowed to assess the loan to buy their required home base on the money given. There are some investors who can pay upfront for the home but they will still prefer mortgage so that they can pay it for a long time and have their own money being used for other investment. We must know this in principle that you cannot get mortgage loan when you do not have a stable income, meaning you need a good job before a mortgage can be given to you. You will be assess based on debt to income ratio. In the United State OF America, a government backed mortgage most of the times have a very low interest rate and the qualification mark is also very low than others.

The process you will go through before getting the mortgage is not ease, you have to get a good credit score and be out of debt, if you are paying many debts it will be very difficult for any serious company to give you mortgage, in that case you need to ensure that you do not borrow too much and spend money when need be. Lets understand in detail that not until you have completed paying off the mortgage loan the home does not belong to you, so be careful and plan your personal finances very well to ensure that you consistently pay or you mortgage money.

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2 hours on-demand video
Full lifetime access
Access on mobile and TV
Certificate of Completion

Archive

Working hours

Monday 9:30 am - 6.00 pm
Tuesday 9:30 am - 6.00 pm
Wednesday 9:30 am - 6.00 pm
Thursday 9:30 am - 6.00 pm
Friday 9:30 am - 5.00 pm
Saturday Closed
Sunday Closed