Home Mortgage Loans Explained

In this video we cowl EVERYTHING it’s good to find out about getting a house mortgage.

Starting from the mortgage course of and required documentations to the important thing components in buying residence, we cowl all of the necessary issues it’s good to find out about mortgage loans, together with what you must keep away from and how one can profit from the house mortgage if you’re a self-employed or a enterprise proprietor.

0:00 Introduction
02:23 Agenda
04:43 Mortgage course of
08:50 What paperwork are wanted for a mortgage utility?
12:32 Do dividends rely as earnings for mortgage?
14:43 How lenders view retirement earnings?
16:37 5 components in buying a property
18:46 Factor 1 – Job stability
20:51 Factor 2 – Credit historical past and rating
29:03 Factor 3 – Income and money owed
33:00 Factor 4 – Available property
34:36 Factor 5 – Home Qualification
37:39 Types of mortgage loans
42:31 Things to keep away from when going via the mortgage course of
47:15 Qualified mortgage vs non-qualified mortgage
50:26 Who can profit from non-qualified mortgages?
52:09 Benefits for self-employed debtors and Non-QM mortgages

Vahram Amayakyan
(310) 791-3566
vamayakyan@WintrustMortgage.com

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DISCLAIMER: THIS VIDEO IS FOR INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSTRUED AS TAX, FINANCIAL, OR LEGAL ADVICE. EVERY PERSON’S SITUATION IS DIFFERENT AND YOU SHOULD CONSULT WITH YOUR OWN FINANCIAL AND TAX ADVISOR FOR ADVICE SPECIFIC TO YOUR SITUATION. COMMENTS ARE NOT REVIEWED

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