This workshop is 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 MUST register for the session in Career Pathway in order to attend in-person or online. Please 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. This event is open to all faculty and professional staff. For more information, please contact Monica Fauble, Wellness Administrator: mfauble@drexel.edu*Participants in our 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 record their attendance during the webinar in order to receive wellness incentive points.  You must register for the program AND complete your annual 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 wellness incentive program, please visit: http://drexel.edu/hr/benefits/a-healthier-u/wellness-incentive-program/

Join A Healthier U and our partners the Franklin Mint Federal Credit Union and the Drexel Home Purchase Assistance Program for a