Episode 5: The Pre-Approval Process

What goes into calculating a pre-approval? Do you know your DTI ratios? Join Connie Tharp with Hometrust Mortgage and TSAHC’s very own Joniel LeVecque as we discuss the process of finding a lender, discover how mortgage companies look at credit, and the home prices you should consider. 

Chapters

• 2:59 What are the recommended steps for finding a lender?
• 3:50 What are the qualities to look for in a good lender?
• 9:05 How much can a home buyer borrow for a home?
• 11:00 What steps should you take before a lender pulls your credit?
• 12:32 How much down payment is required?
• 13:33 What are the different ratios involved in the mortgage approval process?
• 14:53 What are the 4 C's of credit?
• 18:06 What is pre-approval and what can a home buyer expect during the pre-approval process?