First Time Home Buyer Tips: The Loan Process Explained

First Time Home Buyer Tips: The Loan Process Explained

http://www.madisonmortgageguys.com Cory Kessenich with Inlanta Mortgage gives a simple overview of the process of mortgage lending. This video is meant to he…
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25 Responses to First Time Home Buyer Tips: The Loan Process Explained

  1. Y Raz says:

    Thank you for this video. It was very informative!

  2. Pradeep Shiva says:

    Very helpful video.

  3. Luke Skar says:

    *First Time Home Buyer Tips: The Loan Process Explained*

    +Cory Kessenich gives a simple overview of the process of mortgage lending.

    This video is meant to help first time home buyers understand the approval
    process and what to expect in today’s market. The lending process is so
    detail orientated there is no way to give you all of the information in one
    video.

    Since qualification requires so many components it’s important to work with
    a mortgage professional that is experienced.

    First Time Home Buyer Tips: The Loan Process Explained

    #RealEstate #Mortgage #MortgageUpdated 

  4. Inlanta Mortgage says:

    *First Time Home Buyer Tips: The Loan Process Explained*

    +Cory Kessenich gives a simple overview of the process of mortgage lending.

    This video is meant to help first time home buyers understand the approval
    process and what to expect in today’s market. The lending process is so
    detail orientated there is no way to give you all of the information in one
    video.

    Since qualification requires so many components it’s important to work with
    a mortgage professional that is experienced.

    First Time Home Buyer Tips: The Loan Process Explained

    #RealEstate #Mortgage #MortgageUpdated 

  5. Anthony Moorman says:

    Such a wise tip! Thanks for sharing buddy! 🙂

  6. Inlanta Mortgage says:

    Agreed! Thank you for the comment 🙂

  7. Inlanta Mortgage says:

    Your credit score would be affected by those past issues. The best thing to
    do would be to have it pulled to see where you’re at. Several factors would
    affect how much damage those items would have done to your credit score
    such as length of time they went unpaid, type of accounts they were, the
    dollar amount, and how the companies collected (collection companies,
    charge off, etc). There’s no way to know for sure until we can establish
    your middle fico score.

  8. Rich Lo says:

    do you know what the difference between a Preapproval or a Notice of Loan
    Approval

  9. Inlanta Mortgage says:

    We aim to talk about topics that can be helpful for people, even if it is
    in a general way. Educating yourself when thinking about mortgage financing
    is very important. We have several more videos covering all types of
    mortgage financing. Thanks for the compliment!

  10. StarksBrothersHomes says:

    Informative tips that we all can learn from or refresh our self with.

  11. mortgageratestexas says:

    I now fully understand the specifics of loan thanks to this video. Thanks
    for the tips!

  12. Inlanta Mortgage says:

    Thank you!

  13. Inlanta Mortgage says:

    Thank you 🙂

  14. preciousj31 says:

    I totally agree…this video was very helpful!

  15. Inlanta Mortgage says:

    Yes. Depending on what the status is of you credit card it could have a
    negative impact on your credit. If you have poor pay history for example,
    then that would be reflected as part of your credit score. Student loans
    will also have an effect on your credit, but again it depends on the status
    of them. If they are out of deferment and have been paid on time they may
    have a positive impact on your credit score.

  16. Allanah Simpson says:

    Very helpful! thank you!

  17. Inlanta Mortgage says:

    Thank you very much Allanah!

  18. Inlanta Mortgage says:

    Thanks for the comment, It’s appreciated!

  19. Inlanta Mortgage says:

    Definitions and procedures may vary a little from lender to lender, however
    a pre-approval is usually the first step a borrower will take when planning
    to purchase a home. At this time they will speak with a loan officer and
    provide some documentation so the loan officer can decide if they are
    qualified to purchase a home. A notice of loan approval may take place
    after a borrower has obtained an accepted offer and the underwriting
    process has started.

  20. jessica pena says:

    what if you fell behind on payments and had a few bills go to collections
    but you paid everything off and it shows paid on your credit report..will
    you be able to purchase a home still?

  21. Rhoyalgold says:

    OMG! This video was extremely helpful! I’m a first time homebuyer, and I’ve
    spent many sleepless nights in the dark of the mortgage process. My loan
    officer seems to be MIA, but I think I kinda understand why now. lol Great
    video.

  22. Inlanta Mortgage says:

    Thank you for the kind words. We hope shedding some light on the behind the
    scenes process helps consumers understand the need for patience and time to
    ensure a smooth home buying process.

  23. Inlanta Mortgage says:

    Thank you!

  24. Shawn Voyles says:

    Great tips!

  25. Joey Miller says:

    So, I have bad credit because of a credit card. Will that and my student
    loans effect me when buying?