The Homebuying Journey

Episode 5 - After the Application with Jen Calland

In the 5th episode of The Homebuying Journey, Todd talks about the process a potential homebuyer will go through after they start the application process. Later in the episode, he is joined by Jen Calland of Remax Connection to talk about her journey as a Real Estate Agent. You can contact Jen +1 (614) 554-2426 [tel:+1 (614) 554-2426] https://jencallandsellingcbus.com/ jencalland@remaxconnection.com Todd Utrup - NMLS#: 1968796 | T2 Financial, LLC. D.B.A. Revolution Mortgage is an Equal Housing Opportunity Lender NMLS #1686046 (Nationwide Multistate Licensing System - ⁠www.nmlsconsumeraccess.org⁠) Corporate Address: 579 Executive Campus Dr., Ste. 300 Westerville, OH 43082 - Corporate Phone # (614) 918-0055

Episode 4 - The Loan Application Process with Sean Cole

The episode features Todd, The Mortgage Captain, discussing the loan application process and what information lenders will ask for. He breaks down the nine sections of the loan application, including borrower information, employment history, other income sources, financial information, real estate owned, loan details, declaration questions, demographic information, and loan originator information. Todd emphasizes the importance of providing accurate information and the need for supporting documentation. The episode also includes an interview with Sean Cole, a real estate agent, who shares his journey into real estate and offers advice for first-time homebuyers and those starting a career in real estate. You can contact Sean by Phone at 719-242-8834, on Instagram @scolexworld and Facebook by searching Sean Cole. 00;00;06;01 Introduction to the loan application process. 00;00;22;26 Overview of the Uniform Residential loan application (1003). 00;01;13;29 Section one: borrower information (name, date of birth, etc.). 00;02;01;03 Section one: previous addresses and employment history. 00;02;56;20 Section one: gap in employment and letter of explanation. 00;04;01;15 Section one: two year work history requirement. 00;04;45;04 Section one: other income sources (alimony, child support, etc.). 00;05;59;24 Section two: financial information (assets and liabilities). 00;07;12;02 Section two: disclosure of alimony and child support payments. 00;08;41;23 Section three: real estate owned (for current homeowners). 00;10;34;02 Loan application process and sections 00;11;00;21 Declaration questions on the loan application 00;11;22;25 Examples of declaration questions 00;12;10;18 Documentation of military service 00;12;27;14 Demographic information on loan application 00;13;36;10 Loan originator information 00;14;05;12 Supporting documentation required for loan application 00;15;12;24 Documents needed for employment verification 00;16;21;25 Documents needed for self-employed individuals 00;16;44;11 Documents needed for bank statements 00;20;55;07 Introduction to the importance of being visible in real estate 00;21;15;07 First-time homebuyers should consider market changes and comfort level 00;22;00;25 The importance of financial numbers and comfort for first-time homebuyers 00;22;46;12 Confused buyers don't buy, transparency is crucial 00;23;47;21 Background of being a military kid and love for architecture 00;24;49;12 Success attributed to mentality and mentorship 00;25;14;14 Importance of learning from others and knowing oneself 00;26;47;19 Starting a career in real estate requires making connections 00;27;36;14 Contact information provided 00;28;05;21 Conclusion and invitation to future episodes Todd Utrup - NMLS#: 1968796 | T2 Financial, LLC. D.B.A. Revolution Mortgage is an Equal Housing Opportunity Lender NMLS #1686046 (Nationwide Multistate Licensing System - ⁠www.nmlsconsumeraccess.org⁠) Corporate Address: 579 Executive Campus Dr., Ste. 300 Westerville, OH 43082 - Corporate Phone # (614) 918-0055

Episode 3 - Pre-Approval Process with Boubacar Diallo

In this episode, Todd Utrup discusses the importance of getting pre-approved for a mortgage before starting the home buying process. He explains that pre-approval is a preliminary green light from a lender that allows buyers to know their spending limit and understand their financial standing. Todd emphasizes the significance of gathering and providing accurate documentation, as it plays a crucial role in determining loan terms and interest rates. He also highlights the role of credit scores in securing favorable interest rates and loan approvals. Todd concludes by discussing the benefits of having a pre-approval letter, including increased confidence, faster home buying process, and a competitive advantage in the housing market. Boubacar Diallo is a real estate agent based in Columbus, Ohio. Originally from Guinea, he has been in the United States for nearly ten years. Boubacar is known for his dedication to helping clients secure loans and find their dream homes. He is a member of the Lory Kim team at Remax Connection. Contact Boubacar at Cell Phone: 929-239-8921 or email bdiallo1234@gmail.com 0:00:10Introduction to the importance of getting pre-approved for a mortgage0:00:34Definition and benefits of mortgage preapproval0:01:33Preapproval process can highlight areas of financial improvement0:02:04Considerations beyond preapproval amount when buying a home0:02:27Steps to start the preapproval process0:02:54Importance of providing complete and accurate documentation0:03:59Role of financial documentation in determining loan terms0:04:59Examples of documentation required for preapproval0:07:51Options for electronically providing documentation0:08:20Significance of credit score in the home buying journey0:14:01Benefits of having a pre approval for a mortgage0:15:35Key takeaways for first-time homebuyers0:18:04Introduction of real estate agent Boubacar Diallo0:18:22Importance of starting the pre approval process early0:19:42Boubacar Diallo's background and language skills0:21:32Boubacar Diallo's experience as a real estate agent0:22:48Boubacar Diallo's motivation to become an agent0:24:01Boubacar Diallo's approach to helping clients0:25:20The importance of securing a loan for buying a house0:26:58Boubacar Diallo's ability to assist immigrants in the process[0:27:27]Misperceptions of buying a house in Ohio for out-of-state residents.[0:28:44]Advice for aspiring real estate agents: find your niche.[0:30:02]What sets Boubacar apart as an agent: treats clients like family.[0:31:18]Contact information: phone, email, social media, YouTube channel.[0:31:46]Thanking Boubacar for coming on the podcast.[0:32:03]Conclusion of the episode. Todd Utrup - NMLS#: 1968796 | T2 Financial, LLC. D.B.A. Revolution Mortgage is an Equal Housing Opportunity Lender NMLS #1686046 (Nationwide Multistate Licensing System - ⁠www.nmlsconsumeraccess.org⁠) Corporate Address: 579 Executive Campus Dr., Ste. 300 Westerville, OH 43082 - Corporate Phone # (614) 918-0055

Episode 2 - Good time to Buy with Joshua Travis

In this episode, Todd, the host, discusses the current housing market and why now is still a good time to purchase a home. He addresses common objections that potential buyers have, such as reluctance to give up a low interest rate, waiting for rates to drop, waiting for home prices to drop, and hesitancy to offer over asking price. Todd provides data and historical trends to support his argument that now is a favorable time to buy. He also interviews Joshua Travis, a real estate agent, who shares his insights and experiences in the Columbus market. Joshua Travis is a real estate agent at Remax Apex in Lithopolis, Ohio. He has been in the real estate industry for a year and a half and specializes in the Columbus market. Joshua is known for his hard work, dedication, and commitment to his clients. You can contact Joshua on Instagram @joshua_travisrealtor, or contact him at 614-774-7784 You can contact Todd at themortgagecaptain@gmail.com. 0:00:10 Introduction to the housing market and reasons to purchase now 0:01:09 Media portrayal of the housing market as negative 0:02:22 MBA stats show 2023 as a good time to buy 0:03:01 Objection 1: Reluctance to give up low rates 0:04:37 Objection 2: Waiting for rates to drop 0:06:06 Objection 3: Waiting for home prices to drop 0:07:23 Historical data shows home values mostly appreciate 0:10:20 Low inventory and millennial demand will drive home values 0:11:26 Objection 4: Hesitancy to pay over asking price 0:12:59 Paying more now can be beneficial due to appreciation 0:13:28 Can't control interest rates, inventory, home prices, recession, inflation. 0:13:59 Most people should buy now, waiting for rates not good. 0:15:08 Introducing Joshua Travis, realtor in Columbus market. 0:15:55 Waiting for rates to come down leads to higher prices. 0:18:52 Some people waiting for home prices to come down. 0:19:43 Home prices continuing to grow in Columbus market. 0:20:37 Myth that real estate agents are only after money. 0:21:21 Advice for new agents: explore brokerages, focus on training. 0:22:27 Joshua Travis sets himself apart by working harder. 0:23:05 Contact Joshua Travis through Instagram or phone number. Todd Utrup - NMLS#: 1968796 | T2 Financial, LLC. D.B.A. Revolution Mortgage is an Equal Housing Opportunity Lender NMLS #1686046 (Nationwide Multistate Licensing System - www.nmlsconsumeraccess.org [http://www.nmlsconsumeraccess.org]) Corporate Address: 579 Executive Campus Dr., Ste. 300 Westerville, OH 43082 - Corporate Phone # (614) 918-0055

Episode 1 - Liftoff with Lory Kim

Join The Mortgage Captain Todd Utrup as he ascends to a new medium in the first episode of The Mortgage Captain. In the first episode, Todd discusses why he chose the name "The Mortgage Captain, as well as what people need to do in order to purchase a house! In the second half of the episode (15:45) Todd is joined by Lory Kim from RE/MAX Connection. Find her on Facebook at https://www.facebook.com/teamlorykim [https://www.facebook.com/teamlorykim] IG: @lorykimremax Or give her a call at 614-570-1352 Todd Utrup - NMLS#: 1968796 | T2 Financial, LLC. D.B.A. Revolution Mortgage is an Equal Housing Opportunity Lender NMLS #1686046 (Nationwide Multistate Licensing System - www.nmlsconsumeraccess.org [http://www.nmlsconsumeraccess.org]) Corporate Address: 579 Executive Campus Dr., Ste. 300 Westerville, OH 43082 - Corporate Phone # (614) 918-0055