COURSE #2
From Renting to Owning: A Stress-Free Guide for First-Time Home buyers in New Brunswick.
Course #2. Understanding the Mortgage.
Course Outline
Understanding the Mortgage loan Process
- This module will help you understand what happens during the mortgage loan process.
First Home Savings Account (FHSA)
- This Module will help you to understand a first home savings account (FHSA) can do for you?
Job Security
- In this module, we’ll discus what is a Income Verification and What types of Income Verification can be used by lender?
What loan products work best for you?
This Module will help you understand main types of Mortgages.
Predatory Lending. Protect Yourself
What is a red flag for predatory lending?
- Warning Signs of Predatory Lending
Mortgage application
- “A” lenders vs “B” lenders and whats a difference?
Mortgage Approval Process
What steps involves the mortgage approval process and how to be ready.
“If you don’t own a home, buy one. If you own a home, buy another one. If you own two homes, buy a third. And lend your relatives the money to buy a home.”
– John Paulson