Credit Update and Mortgage Approval What you haven't heard! LIVE Streaming

3011 Sutton Gate Drive,Suwanee GA 30024

26 May, 2021

Description

Update - Credit and housing finance. Let's review all the changes in the American credit and mortgage market. Zoom Live Streaming - Meeting ID# 832 0971 7413 Credit and Mortgage Approval 3 Hour CE - Free Sponsor: Paramount Residential Mortgage Group It's getting easier to get approved for a mortgage. According to the Federal Reserve, banks are loosening mortgage standards nationwide; and, lenders are now approving more applications than during any period this decade. Lenders now treat credit card debt, medical collection accounts, and student loans completely differently than they have in the past, which is helping first-time home buyers and refinancing households. When lenders review your home loan application, they evaluate several criteria, such as your credit score, debt-to-income ratio, and maximum available down payment, as well as your job stability and history. Every applicant's situation is different, of course, but these are the major factors we consider. We will take a look at: New credit score changesNew mortgage underwriting guidelines and loan limitsNew loan pre-qualification processNew buzz words in the housing industryAffordability and sustainabilityObtaining loan approval – how to maintain your pre-approval during housing huntingHow to pay off your home less than 30 yearsLet’s help the buyer know how much they can spend on a home so they can shop for homes within their price range and be ready for an offer negotiation. Sponsors: Paramount Residential Mortgage Group 3 Hour In Class | Continuing Education My CE Class, LLC - School #5914 Cathy McDaniel | [email protected] Text: 404-550-0775 |www.classeswithcathymcdaniel.com