Homebuyer Questions and Answers

Many homebuyers have the same practical questions: Can I afford a home? What does it take to qualify? How much money do I need? What happens if my credit is not perfect? Should I get pre-approved before I start shopping?

This workshop is designed as a plain-English overview of common homebuyer questions. It explains the main factors lenders consider, including credit score, credit history, debt ratio, income, employment history, student loans, and funds needed for closing. It also covers common money questions, including minimum down payments, closing costs, prepaid expenses, gift funds, seller contributions, and lender credits.

The workshop also addresses credit concerns, including late payments, collections, bankruptcies, foreclosures, credit score myths, and practical ways to protect or improve your credit profile. It finishes by helping buyers think through common loan choices, including whether to get pre-approved and how to compare mortgage options.

This topic is useful for buyers who want a broad overview before starting the mortgage process, as well as buyers who already have specific questions about qualifying, credit, down payment, or loan structure.