The rules in mortgage lending have changed. The financial crisis has made it more difficult to get a loan and buy a home. In the economic market, as it is today, you need to be up-to-date with the current mortgage requirements, to get a home loan approved by the bank.  

Topics covered in this class will include:

•     Mortgage 101 - The different mortgage options available
•     Keeping track of mortgage rate trends 
•     Current standards for loan approval
•     The state of the lending market
•   Better understanding your credit report and score
•     Everything you will need to apply for a home loan                                                                                                                                                                                                       *All attendees will receive copies of mortgage applications in the course packet   

Additionally, participants in this course will learn the answers to the following questions and more.

•    What is the difference between a fixed-rate mortgage and an adjustable-rate mortgage       (ARM)? 
•  What type of  down payment and reserves are required -for a home -for a condo -for a coop? 
•   What is the difference between pre-approval and a conditional mortgage commitment?