Mortgage Application Checklist
2 min read
Applying for a mortgage takes a lot of documentation—prepare with this mortgage application checklist.
Reward
Homebuyers Savings Account Reward
Learn more about homebuying to earn extra cash! So, what's next? This course will help you learn the mortgage application process and what may affect your mortgage.
How do I get my reward
- Must have a Homebuyers Savings Account with Richwood Bank
- Complete all course material in this section. May take an hour to complete in one sitting, you have the option to save progress and continue at later time
- Please use legal name as represented on account
- Once completion is confirmed, reward may take 7-10 business days
- Reward will be deposited in Homebuyers Savings account at Richwood Bank
**The Bank may contact if clarification is needed**
Account creation will save your progress automatically. You can return to complete your reward at any time.
Buying a Home: Exploring Your Options
5 min read
Explore your options for buying a home: first-time buyer benefits, best age to buy, building vs. buying, foreclosure auctions, buying with parents, and owner financing.
Mortgage Affordability Calculator
7 min activity
How much mortgage can you afford? Find out with our mortgage affordability calculator! Learn about key factors like DTI and credit score to understand your mortgage affordability.
Mortgage Estimation Calculator
2 min activity
See how much mortgage you can afford, starting with your ideal monthly payment amount.
Making a Down Payment on a House
2 min read
A down payment is an important element of home buying, but what is it? And how can you save for one?
What Mortgage Can I Afford?
7 min activity
Find the mortgage that will work best with your goal monthly payment.
Understanding the cost of a mortgage requires considering several key factors, including the principal amount borrowed, the Annual Percentage Rate (APR), and the loan term. Gain insights into the true cost of your future mortgage, including the average monthly payment and all external factors that can influence the total cost.
Credit Scores
3 min read
Every single time you use credit, the details are added to your credit report and used to influence your credit score.
To Buy or Not to Buy?
5 min read
If you’re ready to change your living situation, you may be debating whether it’s better to rent or purchase your next home.
Quiz
Locked
3 Min Activity
Reward Quiz
After you’ve finished the task above, take this short quiz. Answer 4 out of 5 questions
to pass.