United States, Georgia, Atlanta - 02/23/2021 — There are many situations that keep buyers that financially can afford homeownership, from qualifying for a standard mortgage. Some examples are non-citizens who have an individual taxpayer identification number (ITIN) instead of a U.S. Social Security number, borrowers with less-than-perfect credit, income history, previous short sale, foreclosure, etc.
This new course by Sound Advice with Cathy McDaniel, brings to light a new loan program - BuyhouseEZ Financing offered by OwnEZ (www.buyhouseez.com) , it’s a direct funding source that relies on technology to assess a person’s ability to repay a loan vs. antiquated tables and scores traditional banks use. Qualification is as simple as a few easy steps with a local regional representative. The process is convenient and fast. Job and rent history along with household income is verified, 10% down payment is required and boasts a fast 14 day closing timeline with a local closing attorney.
Once the buyer’s affordability criteria are met, the qualifying PITI (principle, interest, taxes and insurance) monthly payment is defined with a fixed interest rate. The daily management of the loan is serviced through a licensed loan servicing company. What is standard about this program? An approval letter is issued to the buyer, a mandatory escrow account for taxes and insurance, the mortgage contract is filed with the county and a security deed is issued when the loan is paid off.
The courses objective is to assist Realtor’s that are looking to broaden their customer base into segments that previously did not have an easy financing solution and are looking to learn how to close more deals. Learn the basics of this loan program, how to promote it and how it could help you increase your business all while earning important CE credits.
For more information on this and other CE courses for Real Estate Practitioners, www.classeswithcathymcdaniel.com
Where you can find course descriptions, dates, and locations.
About Sound Advice with Cathy McDaniel
Cathy McDaniel is the author of “A Road Map To Saving Your Home" which is available at the National Association of REAL ESTATE PRACTITIONERS bookshelf. Being in the real estate and mortgage industry since 1993 she is the founder of "My CE Class, LLC", a real estate school approved by the Georgia Real Estate Commission. Cathy has conducted over 2,000 live continuing education classes, authored 200+ training manuals and has met and trained more than 100,000 real estate professionals throughout 23 states since 2007. She is licensed as a continuing education instructor at many real estate boards and associations across the country.
Media Contacts:Company Name: Sound Advice