Preapproval 101 for Real Estate Agents

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Wednesday, September 3, 2025 10:00 AM - 11:00 AM
Presented By: NEXUS Association of REALTORS®
Product Type: Webinar
Continuing Education Credit:
  • New Jersey Real Estate: 1 Elective Credit (C20206138)
Important Message: BONUS *This NEXUS Morning Connect Webinar is for 1 CE Elective Credit*
Instructor: Christopher DeMatteis
Description:

Provides an enhanced understanding of the mortgage preapproval process, reviews the key qualifying questions to ask potential buyers, explains how to calculate debt-to-income ratios, determine a buyer’s
affordability and increase sales efficiency.

Product Notes

A QUICK JOLT OF INDUSTRY TIPS AND INSIGHTS

NEXUS' "Morning Connect" series is an impactful way to expand your knowledge in topics related to your industry, instructed by the professionals who know them best. Free for all NEXUS members.

In today's session you will learn:

This is a 1 Elective CE Unit that outlines:

  • The difference between a prequalification, a preapproval, and a mortgage commitment
  • Importance of qualifying for maximum payment
  • Pitfalls of qualifying based on a maximum purchase price
  • Three key pieces of information needed to determine affordability
  • How to calculate basic debt-to-income ratios
  • Important qualifying questions that are not listed on a loan application
  • Best practices to employ before investing time in showing homes

 

 

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