Great info! Would you happen to have your breakdowns of this information that you could email? I’m watching all of your videos but I can’t see the board lol!
Gift funds can be used on other loans as well. FHA allows all the down payment to come from gift funds. Conventional loans, for example, allow gift funds but the borrower must put down 5%.
Great videos. I listen to them daily. They are so helpful & I am feel blessed to have found them! Thank you! 🙏🏻 Just a heads up, you may have a slight miscommunication in this video. I believe gift funds CAN be used for ALL programs, however each program may have its own stipulations. I know you care about the content- as you have stated in other videos, so I thought I would share. Have a good day.
Lenders allow cash gifts for down payments on a huge array of loan programs including FHA loans, VA loans, USDA loans, conventional loans, and even jumbo loans. However, if you're getting a cash gift for down payment, you'll want to be sure you document the gift properly.
That's a good question to ask in the Study Buddy group on Facebook. Here is a step-by-step game plan for passing the NMLS test: #1: Complete all the modules of the Affinity Mastery Course but don’t do any of the practice exams (save those for later). Print out and read through the 800+ Facts (from the Affinity Mastery Course). The course also has an audio version of the 800+ Facts that you can listen to as well. In fact, some people like to listen to the 800+ Facts and read along with it instead of just reading the printed version. #2: Make sure you watch the 4-hour video (in the Affinity Mastery program) #3: Make sure you go through the Audio Flashcards (in the Affinity Mastery program). #4: Stay plugged into The Study Buddy Facebook group: facebook.com/groups/257646308865682/ #5: Consistently attend Rocky's group study sessions (found in the Study Buddy group. In the group, Rocky posts the ZOOM link to his classes). In Rocky’s classes, you will master the 800+ Facts. After you master the 800+ Facts, then go back and do all of the practice exams of the Affinity Mastery Course. #6: Print out Jen's Cheat Sheet (found in the “files” tab in the Study Buddy group). #7: Check out the several documents posted in the “files” tab in the Study Buddy group. You will see great resources from Jack Carpenter, Summera Shaikh, Charlee Jacobs, Adam Crandall, and Vicky Rowe #8: Check out the “events” tab in the Study Buddy group for upcoming special events. #9: If you want a study partner, post a request in the group. #10: Check out my UA-cam playlist of MLO study videos: ua-cam.com/users/playlist... #11: Also, in case the Thinkific platform is easier for you, I organized many of my those videos into this free course: claysmile.thinkific.com #12: If you have any questions, feel free to post them to the group. Also, if for some reason you cannot find Rocky’s class, post a message in the group and someone will help you to get connected.
Here is a detailed game plan for passing the MLO test: #1: Complete all the modules of the Affinity Mastery Course but don’t do any of the practice exams (save those for later). Print out and read through the 800+ Facts (from the Affinity Mastery Course). The course also has an audio version of the 800+ Facts that you can listen to as well. In fact, some people like to listen to the 800+ Facts and read along with it instead of just reading the printed version. #2: Make sure you watch the 4-hour video (in the Affinity Mastery program) #3: Make sure you go through the Audio Flashcards (in the Affinity Mastery program). #4: Stay plugged into The Study Buddy Facebook group: facebook.com/groups/257646308865682/ #5: Consistently attend Rocky's group study sessions (found in the Study Buddy group. In the group, Rocky posts the ZOOM link to his classes). In Rocky’s classes, you will master the 800+ Facts. After you master the 800+ Facts, then go back and do all of the practice exams of the Affinity Mastery Course. #6: Print out Jen's Cheat Sheet (found in the “files” tab in the Study Buddy group). #7: Check out the several documents posted in the “files” tab in the Study Buddy group. You will see great resources from Jack Carpenter, Summera Shaikh, Charlee Jacobs, Adam Crandall, and Vicky Rowe #8: Check out the “events” tab in the Study Buddy group for upcoming special events. #9: If you want a study partner, post a request in the group. #10: Check out my UA-cam playlist of MLO study videos: ua-cam.com/play/PLSeUah3czymM0VEk2dqbeiaEeQnzctfcp.html #11: Also, in case the Thinkific platform is easier for you, I organized many of my those videos into this free course: claysmile.thinkific.com #12: If you have any questions, feel free to post them to the group. Also, if for some reason you cannot find Rocky’s class, post a message in the group and someone will help you to get connected
Thanks for pointing me in the right direction. So would Oncourse learning be similar? Do you know any places that does training in person specifically in southern california (Riverside or Orange county
Thanks Lance 😊
You're very welcome!
Thanks i took the test and passed. I believe your channel really helped, Thank you!
My pleasure! I'm grateful to be part of your journey! Congratulations on passing the test!
your teaching style was borderline fun too. Emphasis was on memory techniques. true @@Claysmile
I passed on my first attempt but I did work with DU on a VPN as a LO in NJ from 2001 to 2005 LE and GFE and Dodd Frank... TRID@@Claysmile
I appreciate that!!@@rgalunas
Nice! I’ve watched your videos to help me study. Thank you!
You're very welcome! And check out at the free test prep resources www.MLOStudyBuddy.com
Great info! Would you happen to have your breakdowns of this information that you could email? I’m watching all of your videos but I can’t see the board lol!
Thanks! And for the most updated information, please see my friend Rocky's website: www.mlostudybuddy.com
Thanks for uploading these videos. I passed my SAFE exam today on the first try
Gift funds can be used on other loans as well. FHA allows all the down payment to come from gift funds. Conventional loans, for example, allow gift funds but the borrower must put down 5%.
Correct and he has an updated video on this!
Passed test first try. Watching your videos was a huge help. I like how you repeat things multiple times to drive the point home. Thanks!
Thank you so much for your wounderfult teaching and fot the time that you are dedicating to help us , to pass the NMLO test. Blessings.
My pleasure Doris. You are very welcome! I'm part of a great study group on Facebook: facebook.com/groups/257646308865682
Great videos. I listen to them daily. They are so helpful & I am feel blessed to have found them! Thank you! 🙏🏻 Just a heads up, you may have a slight miscommunication in this video. I believe gift funds CAN be used for ALL programs, however each program may have its own stipulations. I know you care about the content- as you have stated in other videos, so I thought I would share. Have a good day.
Lenders allow cash gifts for down payments on a huge array of loan programs including FHA loans, VA loans, USDA loans, conventional loans, and even jumbo loans. However, if you're getting a cash gift for down payment, you'll want to be sure you document the gift properly.
Thx for sharing you are in the affinity prep course!!!! I have been wondering- I’ve been listening to her too. I’m definitely going to buy & join!
The down payment can come from gift funds why can't it come from your bank account from working and saving money
That's a good question to ask in the Study Buddy group on Facebook. Here is a step-by-step game plan for passing the NMLS test:
#1: Complete all the modules of the Affinity Mastery Course but don’t do any of the practice exams (save those for later). Print out and read through the 800+ Facts (from the Affinity Mastery Course). The course also has an audio version of the 800+ Facts that you can listen to as well. In fact, some people like to listen to the 800+ Facts and read along with it instead of just reading the printed version.
#2: Make sure you watch the 4-hour video (in the Affinity Mastery program)
#3: Make sure you go through the Audio Flashcards (in the Affinity Mastery program).
#4: Stay plugged into The Study Buddy Facebook group: facebook.com/groups/257646308865682/
#5: Consistently attend Rocky's group study sessions (found in the Study Buddy group. In the group, Rocky posts the ZOOM link to his classes). In Rocky’s classes, you will master the 800+ Facts. After you master the 800+ Facts, then go back and do all of the practice exams of the Affinity Mastery Course.
#6: Print out Jen's Cheat Sheet (found in the “files” tab in the Study Buddy group).
#7: Check out the several documents posted in the “files” tab in the Study Buddy group. You will see great resources from Jack Carpenter, Summera Shaikh, Charlee Jacobs, Adam Crandall, and Vicky Rowe
#8: Check out the “events” tab in the Study Buddy group for upcoming special events.
#9: If you want a study partner, post a request in the group.
#10: Check out my UA-cam playlist of MLO study videos: ua-cam.com/users/playlist...
#11: Also, in case the Thinkific platform is easier for you, I organized many of my those videos into this free course: claysmile.thinkific.com
#12: If you have any questions, feel free to post them to the group. Also, if for some reason you cannot find Rocky’s class, post a message in the group and someone will help you to get connected.
Your very helpful too bad you don’t do private lessons because I’ll be more than happy to pay just so I can pass the exam!
Here is a detailed game plan for passing the MLO test:
#1: Complete all the modules of the Affinity Mastery Course but don’t do any of the practice exams (save those for later). Print out and read through the 800+ Facts (from the Affinity Mastery Course). The course also has an audio version of the 800+ Facts that you can listen to as well. In fact, some people like to listen to the 800+ Facts and read along with it instead of just reading the printed version.
#2: Make sure you watch the 4-hour video (in the Affinity Mastery program)
#3: Make sure you go through the Audio Flashcards (in the Affinity Mastery program).
#4: Stay plugged into The Study Buddy Facebook group: facebook.com/groups/257646308865682/
#5: Consistently attend Rocky's group study sessions (found in the Study Buddy group. In the group, Rocky posts the ZOOM link to his classes). In Rocky’s classes, you will master the 800+ Facts. After you master the 800+ Facts, then go back and do all of the practice exams of the Affinity Mastery Course.
#6: Print out Jen's Cheat Sheet (found in the “files” tab in the Study Buddy group).
#7: Check out the several documents posted in the “files” tab in the Study Buddy group. You will see great resources from Jack Carpenter, Summera Shaikh, Charlee Jacobs, Adam Crandall, and Vicky Rowe
#8: Check out the “events” tab in the Study Buddy group for upcoming special events.
#9: If you want a study partner, post a request in the group.
#10: Check out my UA-cam playlist of MLO study videos: ua-cam.com/play/PLSeUah3czymM0VEk2dqbeiaEeQnzctfcp.html
#11: Also, in case the Thinkific platform is easier for you, I organized many of my those videos into this free course: claysmile.thinkific.com
#12: If you have any questions, feel free to post them to the group. Also, if for some reason you cannot find Rocky’s class, post a message in the group and someone will help you to get connected
Thanks for pointing me in the right direction. So would Oncourse learning be similar? Do you know any places that does training in person specifically in southern california (Riverside or Orange county