Patty McLain
Mortgage Loan Officer
NMLS# 460419
If you’re like most home buyers, the prospect of buying a new home can seem overwhelming—even scary. It doesn’t have to be that way.
I started Ask Mortgage Mom because of my passion for educating people. My goal is to give you the information you need to know so you can make your journey toward homeownership smooth.
The following videos are organized chronologically to make it easy for you to follow. As always, if you have questions or need loan assistance, feel free to call or email me — Patty McLain NMLS# 460419 of NEXA Lending at 612-801-6339 or [email protected].
There are 14 segments presented in individual videos below.
How to navigate the video library and website. What you can learn.
Every mortgage company examines four criteria when they are looking at approving you for a mortgage. I like to call them the 4 C's of mortgage lending.
When you shop for a mortgage, it’s important to look at your financial strengths and weaknesses and figure out what meets your short and long term goals. Do you want fixed or adjustable rate? FHA? VA? Conventional? Learn what’s right for you.
What’s the difference between getting pre-approved or pre-qualified for a mortgage? Which will give you the advantage in a competitive home-buying market? Find out.
There are a lot of steps involved in the mortgage process, especially now more than ever. This video breaks down the steps in an easy-to-understand manner.
Learn what you should, and more importantly what you should not do during the pre-approval process.
Your credit scores impact many things, from loan qualification to getting a favorable interest rate and favorable mortgage insurance premiums if you do not have 20 percent down. These things may help you improve your credit scores.
Do you want to get the most home for your money, but you don’t want to get in over your head? This video gives you things to consider when determining your price range and housing criteria.
There are many reasons why a professional Realtor® is essential to the home buying process. Learn how they can help you for little or no cost.
Discover how to compare mortgage rates and fees, and what you can do to obtain the best rate possible, and learn what costs are standard and/or regulated and what costs can vary from lender to lender.
The housing crisis resulted in millions of foreclosures. Learn about the history of lending and how subprime products and loose lending practices fueled the foreclosure crisis.
If you’re selling a home and buying a new one at the same time, many processes need to take place simultaneously to make the transition a successful one. Learn about the best practices for buying and selling simultaneously.
I trust that you have learned a lot from these free online videos and now feel more comfortable with the home buying process. If you have more questions and or you would like my personal assistance with your mortgage needs please give me a call 612-801-6339 or send me an email. Patty McLain NMLS# 460419.
