In this episode, we discuss how the mortgage approval process works step by step and how to get approved faster. ��Get your FREE INFOGRAPHIC GUIDE: How to Finance your Home https://stories.brookfieldresidential.com/how-to-finance-your-home-mortgage-infographic

About this video:
Thinking about or ready to get a mortgage approval? What are the steps involved? What do you need to prepare? In this episode, we discuss how the mortgage approval works and the steps involved throughout the home buying process. We also explore mortgage approval requirements including the 5 C’s of credit that the bank or lender use. Finally, we talk about mortgage approval impacts to credit score, how long it takes to get approved and questions to ask your lender.
#mortgageapproval #mortgageloan #mortgageapprovalprocess

�� Watch to learn what documents to bring for a mortgage approval: https://youtu.be/xG6fQ9UBxTI

�� Watch to learn more a mortgage PRE-approval:
https://youtu.be/IkjfZ3rYnG8

�� Watch to learn how MUCH you can get pre-approved for:
https://youtu.be/ync-E1eehRc

�� Watch to learn about the MORTGAGE STRESS TEST:
https://youtu.be/tZLOI-XGHuc

�� Watch to learn how to COMPARE mortgage rates:
https://youtu.be/MisLOJFDOGo

�� Watch to learn more about how mortgage payments works: https://youtu.be/aSDEpE29X-Y

✍️ Prefer to read or need to take notes? See the transcripts:
https://stories.brookfieldresidential.com/homebuyersschool/how-does-the-mortgage-approval-process-work-in-canada

�� If you want to learn how step by step how to get approved for a mortgage: https://www.youtube.com/playlist?list=PLTRYbItmaqW8EgVDQGB84tL2uk4aRCia0

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�� Get educated on the home buying process:
http://stories.brookfieldresidential.com/homebuyersschool

�� Want to connect with Mujtaba Syed for any mortgage questions? Here’s how: https://mortgagespecialist.bmo.com/ab/edmonton/MUJTA-1215WWSE/

�� Hey lovelies! �� In today’s video, I will be sharing my mortgage payoff update and HELOC journey. Thank you so much for liking, subscribing and sharing my videos!!!

Homebuying & Mortgage Payoff Guide (PHYSICAL) �� https://www.rochelleadamson.com/product-page/homebuying-mortgage-payoff-guide-physical

Velocity Banking video �� https://youtu.be/lceH5C5f4Dk

2023 Savings Challenges �� https://www.rochelleadamson.com/shop?Collection=Savings+Challenges

2023 Budget Planner �� https://www.rochelleadamson.com/product-page/2023-12-month-budget-planner-physical

Facebook Savings Challenges Group �� https://www.facebook.com/groups/savingschallengesrochelleadamson/

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STUFFING ALL MY SAVINGS CHALLENGES ��https://youtu.be/5oiFh1LhVSM
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Budgeting Channel: https://www.youtube.com/c/RochelleAdamsonBudgetstheBudgets
Rochelle Adamson Travels: https://youtu.be/QU2AJpXieZA
Actually Tesla: https://www.youtube.com/channel/UCim25lnM198Fu7xsGHxOxWQ

�� Hey budget family! I’m Rochelle, a traveler who loves to budget & budgeter who loves to travel currently living in Honolulu, Hawaii. I’m a wife to the man of my dreams, Micah for the last 17 years �� and a Mom to my BFF 11 year old dtr Eva �� We are working to pay off our consumer debt with a HELOC

DISCLAIMER: This video and description contains affiliate links, which means that if you click on one of the product links, I’ll receive a small commission from qualifying purchases. This helps support the channel and allows us to continue to make videos like this. There is no additional charge to you. Thank you for the support! I am NOT a financial expert. All the advice I provide is based off my own personal experience and are for informational and educational purposes only. Consult with a professional before attempting anything seen or done in my videos.

#mortgagepayoffupdate #cashstuffing #rochelleadamsonbudgets

�� I LOVE HAPPY MAIL ��
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TIMESTAMPS
0:00 Intro
0:13 Property Facts
10:14 HELOC Terms
18:22 Cost of Getting a HELOC
22:45 How Much is $100,000 Really? Payments
27:37 Payoff Plan & Where I Got the Idea
28:00 Why I Got Back in Debt…

Learn How You Could Qualify for $1,500 from a Settlement with One of the Top Three Credit Reporting Agencies

Join Ken and Danille as they discuss the new loan fees that will be imposed on mortgages. Starting May 1, 2023, homebuyers with a credit score of 680 or higher will have to pay about $40 per month more than those with worse credit when taking out a $400,000 home loan. The rule will impact mortgages from private banks across the U.S. based on loan-level price adjustments established by Fannie Mae and Freddie Mac. High-credit consumers with scores ranging from 680 to above 780 will see a spike in mortgage costs, with the biggest increases being felt by those who put 15% to 20% down on a home. The rule goes into effect just ahead of the peak spring buying season. Don’t miss the chance to hear from Ken and Danille regarding this new situation – Come join the discussion live at 11AM Arizona Time, 11AM PST, and 2PM EST.

Ken will be hosting a happy hour virtual discussion tonight, April 24th, must be an Inner Circle member to participate. Join Ken’s Inner Circle: https://www.kensinnercircle.com

Join Ken on a live webinar this Thursday, April 27th, at 3pm PST with Robert Kiyosaki, George Gammon, and Tarl Yarber. They will be talking about the dollar losing its status and what it will mean to you! Use this link to join: https://go.limitlessexpo.com/emergency-call?el=w-ken

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ABOUT KEN:
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: “ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years.” Ken is a Rich Dad Advisor.

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#kenmcelroy #homebuyers #mortgage