Recently, I presented a webinar explaining what a lender looks at in a borrowers loan application. Because the lending rules have changed drastically in the past several years, I thought it was important to explain the process and what a borrower can expect.
What Was Covered?
Some of the things we discussed were
- The poison pill of home buying
- What is a genuine pre-approval and why you need one
- The CIA of lending
- What type of down payment is required
- How gift funds work and how to properly accept a gift from family
- How to read your Good Faith Estimate
- What a lender asks for in a loan application
Below you will find the slides for the online webinar. Please feel free to contact me at (650) 520-0915 or email me at info@SanMateoMortgageBlog.com with any questions or for more information.
More Resources for San Mateo Home Buyers
For more articles about qualifying for a mortgage loan in San Mateo, check out our San Mateo Home Buyer Financing Channel for our latest posts.
Attend a Webinar or Class
Visit our Class Schedule page for a list of upcoming programs and to sign up to be notified when new programs are scheduled.
Need a San Mateo Mortgage Loan?
Call me at (650) 520-0915 or email me at info@SanMateoMortgageBlog.com to schedule an in person or phone consultation. We’ll take a look at your financial situation and help you determine which loan program is best for you.
If you’d like to get a jump start on the process, you can fill out our secure online mortgage application or quick loan application and someone will contact you to schedule an appointment.
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Chris Williamson is a Mortgage Advisor with Mortgage California specializing in San Mateo Mortgage.
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