Colorado Free University

Go to www.freeu.com to view complete course descriptions and instructor bios. 46 Real Estate How to Not Get Ripped Off When Buying a House Getting a mortgage can be a daunting experience. There are plenty of laws to protect the consumer, but there are also quite a few people in the mortgage industry who ignore the laws and take advantage of homebuyers. Chris Thomas of America’s Mortgage offers this free class to help you avoid getting ripped off. Some of the topics covered include how the money flows in the mortgage industry, why interest rates go up and down, how lenders get paid, understanding closing costs, and how to spot the common mortgage rip-offs and avoid them. Class is free, but you must register to attend. FREE! Non-Member FREE! Member CFU LOWRY : Near 1st & Quebec 6809FA: One Wed., 6:30–8:30PM 5/13 6809FB: One Wed., 6:30–8:30PM 7/15 Get Your Home Loan Approved! FAQs and Secrets of Mortgage Underwriting The mortgage approval process is called “underwriting” and everyone who wants a mortgage needs to know how a loan is approved. This class will arm you with the crucial knowledge you need to talk to a bank or mortgage broker. When you leave this class, you will know the answers to the following questions and much more: What credit score do I need, and how do I get that score? How much is the down payment? Can someone give me the money for the down payment? How much money do I need in the bank? Can I still get a loan if I had a bankruptcy or foreclosure? How long must I have a job? Does my part-time income count? If my spouse has bad credit, can I still get a loan? How much debt can I have? What kind of documentation do I need to show the lender? Do I always need an appraisal? Does the house have to be in perfect shape? Why does my real estate agent want me to be “pre-approved” for a mortgage before showing me houses? Chris Thomas is licensed by Colorado as a mortgage loan originator. He and his wife (a former underwriter) are some of the top producing mortgage bankers in the state. Class is free but you must register to attend. FREE! Non-Member FREE! Member CFU LOWRY : Near 1st & Quebec 3503DT: One Wed., 6:30–8:30PM 4/22 3503DU: One Thu., 6:30–8:30PM 6/25 3503DV: One Wed., 6:30–8:30PM 8/19 A Detailed Guide to Selling Your Home With the strong market, this might be the ideal time for you to sell your home. Learn how to sell your property for top-dollar and avoid the common pitfalls. First, consider whether you should sell at all or think about renting your property. If you’re searching for a new home while trying to sell, your offers will be contingent upon the sale of your property. Learn what your options might be, so that you stay competitive. Get the scoop on the process of selling, including the duties of agents, sellers, and buyers; how to get the maximum exposure for your house; and what expenses you should expect. Explore how to prepare your home for showings, set the right price, and avoid common mistakes. Learn about inspection reports and contracts, and how to evaluate an offer. James Carlson is a real estate agent who helps buyers, sellers, and investors. He will help you become a confident seller. Class is free, but you must register to attend. FREE! Non-Member FREE! Member CFU LOWRY : Near 1st & Quebec 6821BO: One Tue., 6:30–8:30PM 4/7 6821BP: One Tue., 6:30–8:30PM 5/5 6821BQ: One Tue., 6:30–8:30PM 6/2 Reverse Mortgage Bring Your Own Lunch and Learn Are you at least 62 years old and do you own your home? Would you like to remain in your home for as long as possible with no monthly mortgage payments or down- size and have extra cash to spend as you please? If you answered yes, you might be a good candidate for a government-insured HECM reverse mortgage loan. Carol Core , a senior loan originator, invites you to lunch while you learn. During this informational class, Carol dispels the myths and shares important details about today’s reverse mortgage loans. Learn how you can convert the equity in your home into TAX-FREE CASH. With a reverse mortgage you have no more monthly payments, and you can access funds to pay off bills, buy long-term care insurance, travel, or just improve your quality of life. See for yourself why millions of U.S. homeowners have used a reverse mortgage. Carol will provide drinks and dessert. Class is free, but you must register to attend. FREE! Non-Member FREE! Member CFU LOWRY : Near 1st & Quebec 3507AA: One Thu., 11:30AM–1:30PM 5/7 3507AB: One Wed., 11:30AM–1:30PM 6/24 3507AC: One Thu., 11:30AM–1:30PM 8/13 How to Buy a House with $1000 Down You have a decent job, you pay your bills on time, and your credit scores look good, but it seems so hard to come up with money for a down payment. Luckily, in today’s real estate market, there are programs that offer homebuyers a chance to purchase a home for as little as $1,000. Join this class hosted by real estate expert Donna Sackett and lending expert Carol Core and learn the details of incredible financing options available to buyers without a lot of cash. Donna Sackett is a realtor with Coldwell Banker, with nearly 20 years of experience. Carol Core has been a licensed loan officer for over nine years and is currently with Security First Financial. Donna and Carol work as a cohesive team and pride themselves in taking extra special care of first time homebuyers, helping them to realize their dream of home ownership. Their two-hour class is jam-packed with all of the information you’ll need to purchase a home. Class is FREE but you must register to attend. FREE! Non-Member FREE! Member CFU LOWRY : Near 1st & Quebec 6822BV: One Wed., 6:30–8:30PM 4/15 6822BW: One Wed., 6:30–8:30PM 5/20 6822BX: One Wed., 6:30–8:30PM 6/24 6822BY: One Wed., 6:30–8:30PM 7/22 Custom Build Your Own Home for Only 3.5% Down Have you always dreamed of buying a piece of land and building your own home but though it was cost prohibitive? Traditionally, building your own home would mean at least 25% down for the land, then another 25% down for a temporary construction loan. Then, once the house is finally completed, you’d need to requalify for a permanent mortgage loan. In short, it was an expensive process and a huge hassle! This class introduces you to a program that will make building your own home simpler. It rolls all your costs into a one- time qualification and close, and all for only 3.5% down. Carol Core is a senior loan officer with Security First Financial and a long-time instructor for CFU. Donna Sacket is with Coldwell Banker and has been a seasoned realtor for over twenty years. Together, these two ladies’ first love is helping buyers of all levels achieve with the American dream of owning their own home. FREE! Non-Member FREE! Member CFU LOWRY : Near 1st & Quebec 6823Q: One Wed., 6:30–8PM 4/1 6823R: One Wed., 6:30–8PM 6/10 Free Classes! Free Classes! Free Classes! Free Classes!