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Jeff Thomas: Hi, my name is Jeff Thomas. I am a Mortgage Advisor with Family Lender Inc. Today, we are going discuss the home buying process and the process that you go through to apply for Mortgage. Like to tell you a little bit about myself, I have been in the Mortgage business for 15 years and I recently co-authored a book with Todd Ballenger called Borrow Smart Retire Rich. It's a seven step process which we will go over at the end of the video. Now, we are going to go over the different types of Mortgages.
Host: What types of Mortgages are available?
Jeff Thomas: There is basically three different types of mortgages that are out there, you have a principle interest or an amortizing loan, you have an interest only on interest first loan, then you have what we call deferred interest loan which we are not going to discuss here.
Expert: Jeff Thomas
Mortgage Advisor
Jeff Thomas is a Mortgage Advisor and Financial Educator with Family Lender, Inc. located in Fairfax, Virginia. Jeff has seen the mortgage business change significantly in the 15 years he has been in the business. Changes such zero down loans, to relaxed underwriting guidelines to borrowing more than the house is actually worth on a purchase or refinance transaction. With the changes in the mortgage industry, More »
About This Video
In this video, mortgage advisor, Jeff Thomas describes how to purchase your first home and the process you must go through to obtain a mortgage. This video is designed for first time homebuyers and also provides More »
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This video segment: 216 views
Tags: Mortgage, House, Purchasing, Buying, Credit, Payment
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