Mortgage loans 101: How to ensure the best loan, best rate, and best lender for your needs.
What: This is a recording of a discussion
with moderator Joel McDonald and
guest speaker Amanda Sessa, a top
producing loan officer with CTX Mortgage.
Why: Because you deserve to know
as much as possible before you take out a home loan, and this way, you
can learn about it and get your questions answered in a
non-intimidating environment.
Topics covered
How to avoid the most common (and costly) mistake made when choosing a
home loan (or refiancing an existing loan).
Factors that determine what
loan is right for you.
Description of different
types of loans
Questions from individual callers
Who is "CODY", and why is she required to evaluate anyloan effectively?
Applying the "CODY" rule:
To evaluate your loan
options, and keep your loan officer honest.
To determine how much you should pay in closing costs (if any).
The unknown variable that 95% of buyers don't even
know about that is most commonly abused by unethical loan officers and
ow to look for it.
How to shop for a lender.
Where to shop.
Where to avoid like the plague.
Mock pre-qualification demonstration with a volunteer.
Description of CTX's earnest money guarantee.
How to get a free appraisal on your next home purchase or refinance.
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