We learn. We teach. We act. We build.

Take Economic Action

Action Academy

Homeownership: Pre-Approval to the Keys and Beyond

Credit and down payment, pre-approval versus pre-qualification, the appraisal, closing costs line by line, and what to do the year after you close.

Beginner
55 min3 lessons6-question testAll courses

Sections

Pass each section to unlock the next

Read it or listen to it, then clear the section test. Sections open one at a time.

Section 1

What lenders actually look at

A mortgage decision comes down to four things: credit history, income stability, debt-to-income ratio, and the cash you bring to closing. None of them are secret, and all of them c Join free to read, listen, and test.

Section 2

The appraisal, and appraisal bias

Locked

An appraisal is an independent opinion of the property's market value, ordered by the lender to protect the loan. If it comes in below the contract price, the lender will only lend Join free to read, listen, and test.

Section 3

Closing costs, escrow, and the first year

Locked

Closing costs typically run 2% to 5% of the purchase price: origination, title insurance, recording fees, prepaid interest, and the initial escrow deposit. The Loan Estimate you re Join free to read, listen, and test.

Course test

Prove what you learned

Members take a 6-question test at the end of this course. Score 80% or higher and a certificate of completion is issued to your account.

Create your free account