Home Mortgages 101 - Breaking Down The Basics
Knowing some basics about mortgages and will make you a better adviser to your clients and a more effective businessperson.
TREC Education Provider License Number: 9969
Course Number:
Unless all your clients are cash buyers, mortgages are an integral part of any real estate agent’s business. Knowing some basics about mortgages will make you a better adviser to your clients and a more effective businessperson. While becoming a mortgage expert isn’t necessary, this class will provide mortgage insights that will significantly increase your value as a real estate agent.
What We Will Discuss:
Stages of a Loan:Understand the various stages a loan goes through, from application to funding. Learn about the different departments and professionals involved in each stage, ensuring you can guide your clients through the process smoothly.
Preparing for Loan Application:A mortgage loan can be complex, especially if clients are unprepared. We’ll cover the dos and don’ts of the mortgage application process to help your clients avoid common pitfalls and navigate the journey with confidence.
Preapproval vs. Prequalification:Discover the significant differences between preapproval and prequalification. Learn how these documents can dramatically affect a buyer’s ability to secure a home and why they matter in today’s competitive market.
Understanding GSEs:Gain a clear understanding of the roles of Fannie Mae, Freddie Mac, and other government-sponsored enterprises (GSEs). Learn about their importance in the mortgage industry and how they impact your clients’ loan options.
By the end of this class, you’ll be equipped with valuable mortgage knowledge that will enhance your ability to support and advise your clients effectively. Join us to gain essential insights that will elevate your real estate business and help your clients achieve their homeownership goals.