The Mortgage Lending Process (Online and In-Person) (15 Wellness Incentive Program Points)*
Wednesday, February 21, 2018
12:00 PM-1:00 PM
Join A Healthier U and our partners the Franklin Mint
Federal Credit Union and the Drexel Home Purchase Assistance Program for a
workshop designed to help you prepare for homeownership.
This workshop will provide participants with an
understanding of the basic components of the mortgage lending process, how the condition
of the economy impacts the mortgage market, Conventional vs. FHA loans, the
importance of credit scoring and its impact on the cost of your mortgage.
Participants will also learn about the mortgage pre-approval program, the
Franklin Mint Federal Credit Union’s unique 3/2 ARM portfolio program,
documentation requirements, acceptable sources of funds to close a loan and the
benefits of a Franklin Mint Federal Credit Union (FMFCU) mortgage. To round out
the workshop we introduce you to a member benefit – CU Realty.
By the end of the seminar participants will understand:
how economic conditions impact the Mortgage Market; the difference between
conventional vs. FHA loans; the importance of your credit score; the different
programs available to members; what documents and funds are needed for
settlement; the advantages of an FMFCU mortgage.
You do not need to register to attend the online
session. To attend online, simply visit the University Events Calendar listing
at the time of this event in order to access the link to stream this session
during the time of the event. If you plan to attend in-person, you must
register in Career Pathway.
This event is open to all faculty and professional
staff. For more information, please contact Monica Fauble, Wellness
in our 2018 Wellness Incentive Program are eligible to earn (15 points ($15
credit) for attending this event in-person or virtually (online). In-person
attendants must sign-in to receive credit. Virtual (online) attendants must email
Monica Fauble firstname.lastname@example.org one
thing they learned during this event in order to receive credit.
register for the 2018 program AND complete your PHP before you will be eligible
to receive any payouts. Points for attending these events will be sent to
Health Advocate on a monthly basis for the prior month’s activities.
There will be a delay in these points and payouts being distributed. For
information about our 2018 wellness incentive program, please visit: http://drexel.edu/hr/benefits/a-healthier-u/wellness-incentive-program/