SCATTERED SHOWERS AND
THUNDERSTORMS THROUGH THE
THUNDERSTORMS THROUGH THE
MIDDLE PART OF THE UPCOMING
MIDDLE PART OF THE UPCOMING
WORK WEEK.>>> BUYING A HOME
WORK WEEK.>>> BUYING A HOME
IN APPLYING FOR A MORTGAGE CAN
IN APPLYING FOR A MORTGAGE CAN
BE A SCARY PROCESS AND THERE IS
BE A SCARY PROCESS AND THERE IS
A LOT OF MISLEADING INFORMATION
A LOT OF MISLEADING INFORMATION
OUT THERE.
OUT THERE.
LUCKILY FOR US, WE KNOW A FEW
LUCKILY FOR US, WE KNOW A FEW
EXPERTS IN THE MORTGAGE
EXPERTS IN THE MORTGAGE
BUSINESS.
BUSINESS.
>>Natalie: HERE TO SET THE
>>Natalie: HERE TO SET THE
RECORD STRAIGHT TEST OUR
RECORD STRAIGHT TEST OUR
KNOWLEDGE, WE ARE EXCITED TO
KNOWLEDGE, WE ARE EXCITED TO
WELCOME PAULA BROWN FROM
WELCOME PAULA BROWN FROM
FREEDOM FIRST CREDIT UNION.
FREEDOM FIRST CREDIT UNION.
WELCOME BACK.
WELCOME BACK.
ALWAYS GREAT SEEING YOU.
ALWAYS GREAT SEEING YOU.
SO QUALIFYING, APPROVAL,
SO QUALIFYING, APPROVAL,
THERE’S A LOT THAT GOES INTO A
THERE’S A LOT THAT GOES INTO A
MORTGAGE AND IT CAN BE A SCARY
MORTGAGE AND IT CAN BE A SCARY
PROCESS.
PROCESS.
>> SHOULDN’T BE BUT IT IS.
>> SHOULDN’T BE BUT IT IS.
>>Brittany: WHY ARE PEOPLE SO
>>Brittany: WHY ARE PEOPLE SO
INTIMIDATED BY IT?
INTIMIDATED BY IT?
>> WHERE ARE YOU INTENDED BY
>> WHERE ARE YOU INTENDED BY
IT?
IT?
WAS HE A LOT OF PAPERWORK, ONLY
WAS HE A LOT OF PAPERWORK, ONLY
DO THIS ONCE EVERY 10 OR 15
DO THIS ONCE EVERY 10 OR 15
YEARS.
YEARS.
HIS BIGGEST FINANCIAL DECISION.
HIS BIGGEST FINANCIAL DECISION.
THEY’RE PROBABLY MAKING IN
THEY’RE PROBABLY MAKING IN
THEIR LIFE.
THEIR LIFE.
WHETHER YOU ARE MOVING .
WHETHER YOU ARE MOVING .
EMMA FIND THE RIGHT HOUSE
EMMA FIND THE RIGHT HOUSE
COMMITMENT GETTING RIGHT
COMMITMENT GETTING RIGHT
MORTGAGE.
MORTGAGE.
WE REALLY TRY TO COME
WE REALLY TRY TO COME
EVERYBODY’S NERVES DO
EVERYBODY’S NERVES DO
EVERYTHING WE CAN TO GET THEM
EVERYTHING WE CAN TO GET THEM
THERE SMOOTHLY AND FAST.
THERE SMOOTHLY AND FAST.
>>Natalie: SO LET’S TALK ABOUT
>>Natalie: SO LET’S TALK ABOUT
WHAT DO CLIENTS TELL YOU ABOUT
WHAT DO CLIENTS TELL YOU ABOUT
THE PROCESS?
THE PROCESS?
>> MOST OF THE TIME IT IS IS
>> MOST OF THE TIME IT IS IS
ISN’T NEARLY AS SCARY AS MY
ISN’T NEARLY AS SCARY AS MY
BROTHER TOLD ME IT WAS GOING TO
BROTHER TOLD ME IT WAS GOING TO
BE IN THANK YOU FOR HELPING ME
BE IN THANK YOU FOR HELPING ME
GET THROUGH THE PROCESS.
GET THROUGH THE PROCESS.
MOST OF THE FEEDBACK WE GET
MOST OF THE FEEDBACK WE GET
AFTER THE PROCESS IS VERY
AFTER THE PROCESS IS VERY
POSITIVE.
POSITIVE.
BUT WE HAVE GREAT OFFICES AT
BUT WE HAVE GREAT OFFICES AT
FREEDOM FIRST BUT SPEND A LOT
FREEDOM FIRST BUT SPEND A LOT
OF TIME, WHETHER YOU WENT 30
OF TIME, WHETHER YOU WENT 30
MINUTES OR THREE HOURS THEY
MINUTES OR THREE HOURS THEY
WILL DO WHATEVER YOU NEED AS
WILL DO WHATEVER YOU NEED AS
THE BORROWER.
THE BORROWER.
>>Brittany: THERE’S A LOT OF
>>Brittany: THERE’S A LOT OF
MISLEADING INFORMATION OUT
MISLEADING INFORMATION OUT
THERE WE ARE GOING TO SET THE
THERE WE ARE GOING TO SET THE
RECORD STRAIGHT ON A FEW THINGS
RECORD STRAIGHT ON A FEW THINGS
WITH A GAME OF MYTH OR FACT.
WITH A GAME OF MYTH OR FACT.
YOU GOING TO BE ASKING THEM FOR
YOU GOING TO BE ASKING THEM FOR
US?
US?
>> YOU GOT THE QUESTIONS, ALSO
>> YOU GOT THE QUESTIONS, ALSO
THE STRIPPER.
THE STRIPPER.
>>Brittany: WITH OR FACT, I
>>Brittany: WITH OR FACT, I
CAN’T MY HOME UNLESS I HAVE A
CAN’T MY HOME UNLESS I HAVE A
DOWN PAYMENT OF AT LEAST 20
DOWN PAYMENT OF AT LEAST 20
PERCENT.
PERCENT.
MISS.
MISS.
>> YOU LADIES ARE RIGHT.
>> YOU LADIES ARE RIGHT.
WE HAVE DONE A LOT OF STUDIES
WE HAVE DONE A LOT OF STUDIES
LATELY.
LATELY.
THE MORTGAGE INDUSTRY HAS.
THE MORTGAGE INDUSTRY HAS.
BELIEVE IT OR NOT, ABOUT 70
BELIEVE IT OR NOT, ABOUT 70
PERCENT OF PEOPLE THAT NEVER
PERCENT OF PEOPLE THAT NEVER
BOUGHT A HOME BEFORE THINK
BOUGHT A HOME BEFORE THINK
CINDY 20 PERCENT DOWN.
CINDY 20 PERCENT DOWN.
THAT’S THE REASON I WANT TO
THAT’S THE REASON I WANT TO
BRING IT UP-TO-DATE IS THAT
BRING IT UP-TO-DATE IS THAT
THERE IS A VOTE OF NO
THERE IS A VOTE OF NO
DOWNPAYMENTS.
DOWNPAYMENTS.
ZERO DOWN.
ZERO DOWN.
TWO PERCENT, FIVE PERCENT.
TWO PERCENT, FIVE PERCENT.
THE AVERAGE IS FIVE PERCENT
THE AVERAGE IS FIVE PERCENT
DOWN.
DOWN.
SO NO, YOU DON’T WANT THAT 20
SO NO, YOU DON’T WANT THAT 20
PERCENT.
PERCENT.
>>Natalie: AMERICAN COLLEGE
>>Natalie: AMERICAN COLLEGE
GRADUATE, THEREFORE I AM
GRADUATE, THEREFORE I AM
GUARANTEED TO GET A MORTGAGE
GUARANTEED TO GET A MORTGAGE
AND DON’T NEED TO PREPARE IN
AND DON’T NEED TO PREPARE IN
ANY OTHER WAY.
ANY OTHER WAY.
>>Brittany: MYTH!
>>Brittany: MYTH!
!
!
THE REASON WE TALK ABOUT THIS
THE REASON WE TALK ABOUT THIS
ONE IS THAT COMING OUT OF
ONE IS THAT COMING OUT OF
COLLEGE A LOT OF THINGS ARE
COLLEGE A LOT OF THINGS ARE
GOING ON IN WE CAN HELP PEOPLE
GOING ON IN WE CAN HELP PEOPLE
BUY A HOME.
BUY A HOME.
YOU DON’T HAVE TO BE ON YOUR
YOU DON’T HAVE TO BE ON YOUR
JOB FOR TWO YEARS.
JOB FOR TWO YEARS.
THAT’S ANOTHER MYTH.
THAT’S ANOTHER MYTH.
YOU BE A RECENT GRADUATE YOU
YOU BE A RECENT GRADUATE YOU
STILL NEED TO PREPARE FOR
STILL NEED TO PREPARE FOR
HAVING HAD CREDIT, BY HAVING
HAVING HAD CREDIT, BY HAVING
MAKING SMALL SAVINGS ACCOUNT .
MAKING SMALL SAVINGS ACCOUNT .
NOT JUST USE MY DEGREE, GIVE ME
NOT JUST USE MY DEGREE, GIVE ME
A HOUSE.
A HOUSE.
IF YOU THOSE OPPORTUNITIES.
IF YOU THOSE OPPORTUNITIES.
>>Brittany: MYTH OR FACT, I’VE
>>Brittany: MYTH OR FACT, I’VE
ALWAYS SAVED A LITTLE BIT MONEY
ALWAYS SAVED A LITTLE BIT MONEY
MY PARENTS WANT TO GIVE ME A
MY PARENTS WANT TO GIVE ME A
GIFT FOR A DOWN PAYMENT
GIFT FOR A DOWN PAYMENT
MORTGAGE COMPANIES WILL LET ME
MORTGAGE COMPANIES WILL LET ME
USE A GIFT FOR A DOWN PAYMENT.
USE A GIFT FOR A DOWN PAYMENT.
I’M GOING TO SAVE THIS.
I’M GOING TO SAVE THIS.
>> YOU GIRLS HAVE READ ALL THE
>> YOU GIRLS HAVE READ ALL THE
ANSWERS, RIGHT?
ANSWERS, RIGHT?
A LOT OF PEOPLE THINK IT HAS TO
A LOT OF PEOPLE THINK IT HAS TO
BE THERE MONEY IN THEIR SAVINGS
BE THERE MONEY IN THEIR SAVINGS
ACCOUNT.
ACCOUNT.
MOM AND DAD CAN GIVE YOU A
MOM AND DAD CAN GIVE YOU A
GIFT, FAMILY MEMBER SPRING JUST
GIFT, FAMILY MEMBER SPRING JUST
ABOUT EVERY LOAN PROGRAM OUT
ABOUT EVERY LOAN PROGRAM OUT
THERE .
THERE .
A GIFT CAN BE USED FOR PART OF
A GIFT CAN BE USED FOR PART OF
YOUR DOWN PAYMENT OR CLOSING
YOUR DOWN PAYMENT OR CLOSING
COSTS.
COSTS.
BUT DOCTOR MORTGAGE LOAN EXPERT
BUT DOCTOR MORTGAGE LOAN EXPERT
BEFORE YOU ACCEPT THAT GIFT
BEFORE YOU ACCEPT THAT GIFT
BECAUSE THERE IS WAYS WE NEED
BECAUSE THERE IS WAYS WE NEED
TO DOCUMENT THAT.
TO DOCUMENT THAT.
AND FILE THE PAPER TRAIL.
AND FILE THE PAPER TRAIL.
DON’T LET THEM GIVE YOU 10,000
DON’T LET THEM GIVE YOU 10,000
IN CASH AND STICK IT IN YOUR
IN CASH AND STICK IT IN YOUR
SHOE BOX AND BRING IT IN.
SHOE BOX AND BRING IT IN.
>>Natalie: THERE ARE PLENTY OF
