In this episode of MortgageEase Unfiltered, Nicole Farrugia takes us back to the basics with a no-fluff breakdown of Mortgage 101. Whether you’re a first-time buyer or just need a refresher, she simplifies the key terms and steps every homeowner should understand. It’s the perfect starting point for anyone looking to feel more confident navigating their mortgage journey. Tune in and take the guesswork out of home financing!

Takeaways

• Understand what a mortgage is and how it works in simple terms.
• Learn the difference between fixed and variable rates.
• Discover why your credit score matters and how it impacts approval.
• Get clarity on the role of income and debt in mortgage qualification.
• Understand the importance of a down payment and your options.
• Learn the basic steps in the mortgage approval process.
• Get familiar with terms like amortization, pre-approval, and term length.
• Find out why working with a mortgage broker can offer more flexibility.
• Gain tips on what to avoid during the approval process (like job changes).
• Feel more confident and prepared when starting your home buying journey.

Sound Bites

“Mortgages don’t have to be confusing.”

“Start smart. Understand your mortgage basics.”

“Confidence begins with mortgage clarity.”