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The Mortgage Lending Process
Start Date: 9/19/2012Start Time: 12:00 PM
End Date: 9/19/2012End Time: 1:00 PM

Event Description
RSVP required (RSVP to: mfauble@drexel.edu) Light lunch provided

This workshop will provide participants with an understanding of the basic components of the mortgage lending process, how the condition of the economy impacts the mortgage market, Conventional vs. FHA loans, the importance of credit scoring and its impact on the cost of your mortgage. Participants will also learn about the mortgage pre-approval program, the Franklin Mint Federal Credit Union’s unique 3/2 ARM portfolio program, documentation requirements, acceptable sources of funds to close a loan and the benefits of an FMFCU mortgage. To round out the workshop we introduce you to a member benefit – CU Realty.

By the end of the seminar participants will understand: how economic conditions impact the Mortgage Market; the difference between conventional vs. FHA loans; the importance of your credit score; the different programs available to members; what documents and funds are needed for settlement; the advantages of an FMFCU mortgage
Contact Information:
Name: Monica Fauble
Phone: 215-571-4293
Email: mfauble@drexel.edu
Location:
Sky View Room
Audience:
  • Current Students
  • Faculty
  • Staff
    		•
    Special Features:
  • Free Food
    		•

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