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HOMEOWNERSHIP FROM DREAM TO REALITY Presented by your Homeownership Team Howard Jordan  Realtor name and logo
What is involved in buying a home  Where do I start  Do I need a Realtor  What does a Realtor do for me   HAVE YOU BEEN TH...
HOMEOWNERSHIP WHY BUY  01  Reduce tax liability with mortgage interest deduction  02  Stable housing costno rent increases...
LOOKING FOR ANSWERS  TALK TO A LENDER Howard Jordan NC SC  7810 Ballantyne Commons Parkway Suite 225 Charlotte, NC 28277 7...
YOUR MORTGAGE  Your Loan Officer Your Loan Officer is an integral part of your home buying team. From the beginning of the...
Your Mortgage     Getting Started with your Loan Officer      You supply your information so your Loan Officer can access ...
Your Mortgage     Moving Forward Documents and information needed  Driver   s license or acceptable form of ID Pay Stubs c...
The processor checks application for completeness Any missing items are requested from loan officer and you Homeowners ins...
Underwriter reviews loan file for completeness Compares loan file with loan program guidelines Underwriter can request add...
What   s included in a Mortgage payment   01  03  02 PRINCIPAL  INTEREST  TAXES  The most your mortgage balance is reduced...
FHA LOANS CONSIDER IF  You have minimal funds available for a down payment  You are looking for flexible credit qualifying...
VA LOANS  You may be eligible if  You served 181 days during peacetime  Active Duty   You served 6 years in the Reserves o...
CONVENTIONAL LOANS  Consider if  Many options and programs to compare  Household income does not exceed predetermined limi...
USDA LOANS  Consider if  Property conforms to Rural Development Guidelines  Household income does not exceed predetermined...
Watch Out for these Common Mistakes Not knowing what you can afford  Skipping the PreApproval  Not using a Realtor  Checki...