Home Loans 101: What is a Mortgage and How do they work? скачать в хорошем качестве

Home Loans 101: What is a Mortgage and How do they work?

Get my FREE Starter Kit: https://moneychisme.kit.com/c8eb949716 What type of home loans can you use to buy a home or investment property? In this video we cover four types of mortgage loans, conventional loans, FHA loans, VA Loans and USDA loans. We also cover the mortgage and closing process. We share our tips to make the home loan process easier, including pre-qualification, the approval process, and navigating the home buying process. This episode provides valuable insights for first-time home buyers and real estate investors. Chapters 00:00 Introduction to Mortgages and Home Buying 00:42 What is a Mortgage 01:18 What is Private Mortgage Insurance 02:13 What is a Conventional Loan 04:09 What is a FHA Loan 05:19 What is a VA Home Loan 07:00 What is an USDA Loan 08:43 Home Loan Pre-Approval Process 12:26 The Closing Process 14:22 Home Buying Tips 18:02 Final Thoughts and Resources for Buyers Takeaways Understanding how a mortgage loan works is crucial. There are various types of mortgage loans available. Conventional loans are offered by private lenders. FHA loans are beneficial for first-time buyers. VA loans offer no down payment for veterans. USDA loans help low to moderate income buyers. Check your credit score before applying for a mortgage. Getting pre-approved is essential before house hunting. Protect yourself during the home buying process.