Hey Future homeowners! When all of your week 1 assignments are completed.. Please Comment "Week 1 Complete" and tell us what you learned in week 1. Are you excited for Week 2?

Meet me in the Zoom Room!

One of the biggest myths people believe is... "If my credit score is high enough, I'll automatically get approved for a mortgage." ❌ That's NOT true. A mortgage lender looks at your entire financial picture, not just one number. Here are the 5 things every lender evaluates: 1️⃣ Credit History Your credit score is important, but they're also looking for: - Late payments - Collections - Charge-offs - Bankruptcies - Foreclosures - Repossessions - Overall payment history They want to know... Can you consistently pay your bills? 2️⃣ Income They need to know you have enough income to comfortably afford a mortgage payment. This includes: ✔ Employment income ✔ Self-employment income ✔ Retirement income ✔ Disability income ✔ Child support (when applicable) ✔ Other qualifying income 3️⃣ Debt-to-Income Ratio (DTI) This is one of the biggest reasons people get denied. Your DTI compares: Monthly Debt ÷ Monthly Income The lower your DTI, the better. Too much debt—even with a good credit score—can keep you from getting approved. 4️⃣ Savings Lenders want to know you have money set aside for things like: - Earnest money - Down payment - Closing costs - Emergency savings - Mortgage reserves (depending on the loan) Having savings shows financial stability. 5️⃣ Employment Stability Most lenders like to see a stable work history. Changing jobs isn't always a deal breaker, but consistent employment makes your application stronger. 🩷 Here's the Good News... If one of these areas isn't where it needs to be... That's exactly why you're in Property Over Purses. Over the next six weeks, we're going to work on improving each one of these areas so you can become a stronger homebuyer. Remember... We're not chasing a house... we're building a lifestyle that qualifies us for one. 🏡✨ 💬 Discussion Question Which area do you think will be your biggest challenge? 🏡 Credit 💰 Income 📊 Debt 💵 Saving 💼 Employment Drop your answer in the comments. There are no wrong answers—we're here to grow together.

Shout out goes to: @Ayesha Barkley @Terri Zimmerman For being Consistent, Showing Up, and Completing All Week 1 Assignments!!!

Homeownership is more than qualifying for a mortgage—it's about creating the financial habits, discipline, and confidence needed to sustain homeownership for years to come.