The application process

Factors impacting loans

Loan programs

Common blunders

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The application process

         Information necessary to apply

         The ease of automated underwriting

         What type of down-payment will be required?


Factors impacting loan approval

         Credit scores

         Debt to income ratios

         Can i use all of my income?

         My monthly bills

         Assets – how much have you saved?

         Employment history


Loan programs

         100% financing

         Zero down…how can we do that?

         First time homebuyer loans

         FHA/VA loans

         Interest only loans

         Fixed rate loans

         Adjustable rate loans


Common blunders

         Large deposits

         Shopping spree’s

         Changing jobs – stability and how your paid matters

         Amateur credit repair


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