Borrower Education CatalogBuild relationships

Build borrower knowledge and confidence Build credibility

Borrower education from MGIC: We provide approachable, relatable educational content that speaks to the next generation of homebuyers. Use it to help your borrowers understand financial readiness, the mortgage process, mortgage insurance and more.

MGIC

KEYS TO SUCCESSFUL HOMEOWNERSHIP

Managing Student Loans

You finally have your hard-earned degree, a promising new job — and an intimidating pile of student loans you haven’t given much thought to since freshman orientation. One of the cornerstones of adulthood you’ve dreamed about is owning a house. But is it smart, or even possible, to afford a mortgage while paying off student loans? Lucky for you, there are many options and resources available to manage your student loans and buy a home; the key is to look at the big picture now, make informed choices and follow through.

Get Ready to learn how to… Successfully Manage your Student Loan DebtStudent debt can be hard to grasp when looking at the bottom line, especially when considering a mortgage; but there is always a beneficial option for your current and future self. Inside you’ll learn about different types of loans, how debt impacts your credit, the benefits of having a student loan, and your ability to be granted a mortgage.

Paying off your loans is not an overnight process; but when you take it one step at a time, you’ll feel confident and secure in your future financial options. Successfully managing your student loans makes becoming a homeowner a much easier choice.

T O L E A R N M O R E A B O U T Y O U R O P T I O N S

10 things you should avoid doing before closing your mortgage loan

Between your accepted off er and loan closing, DON’T:

1. Buy a big-ticket item: a car, a boat, an

expensive piece of furniture

2. Quit or switch your job

3. Open or close any lines of credit

4. Pay bills late

5. Ignore questions from your lender or broker

6. Let someone run a credit check on you

7. Make large deposits to your accounts

outside of your paycheck

8. Cosign a loan with anyone

9. Change bank accounts

10. Take out any payday loans

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Check out more articles like this at readynest.com

Contact me today for more homebuying resources!

WITH MI, YOU CAN...buy soonerWaiting to buy while you save up enough for a 20% down payment could actually cost you money if home prices or interest rates rise. And during the time you spend renting and saving, you won’t be building equity or enjoying a home of your own.

buy peace of mind by keeping some of your moneyThere are many reasons you might want to reserve some of the money you’ve saved instead of putting it all toward a 20% down payment. You might want to put that money toward:

• Appliances, furniture and lawn equipment• Home renovations• A rainy-day fund

MI lets you buy a home now and keep some of your hard-earned savings.

We’ll teach you what you need to know about buying a home in our free fi rst-time homebuyer seminar. Learn about:

• What you need to do to prepare to buy a home

• What you can aff ord

• What to look for

• How to make an off er

• Getting your mortgage and closing your loan

• What to expect after you close

Space is limited. Sign up today!

When

Saturday, Aug. 53:00-4:00 p.m.

Where

Hometown Mortgage

1234 Loan Lane

Anytown, USA

Brought to you by

Joan LoanHometown Mortgage Specialist

RSVP

Email, phone number or web address for RSVP

FREE FIRST-TIME HOMEBUYER SEMINAR

Homeward bound? You might need a map.

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a guideto buyinga home

JULY 22 is National HAMMOCK DAY

Laid-back backyard facts

tips and information for first-time homebuyers17-45052 6/17

MEDIAN YARD in America in 2015

it’s shrunk

26% in the last 35 YEARS!

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Sour

ce: T

he A

tlant

ic

0.14 ACRES

4 3

The 5 MOST popular days to GRILL OUT1. 4th of July2. Labor Day3. Memorial Day4. Father’s Day5. Mother’s DaySource: Forbes

Favorite nostalgic BACKYARD ACTIVITIES: 1. Badminton 2. Tag 3. Building forts 4. Running through

the sprinklerSource: Poll of Homediggidy team

11% of grill owners use their grill to prepare BREAKFASTSource: Forbes

75%

of adults in the U.S. own a GRILL or SMOKER

MOST common backyard BIRDS 1. Mourning Dove 2. American Robin 3. DownyWoodpecker

Source: The Spruce

91% of new homes

built in 2016 INCLUDED A patio, porch and/or deck Source: U.S. Census

One benefit of owning a home is you can relax in a yard of your very own! Learn more at

homediggidy.comThis infographic has been brought

to you by your friends at MGIC!mgic.com

We know education happens in all kinds of ways, in and out of the classroom. We offer resources for interactions big and small, online and in person.

Find everything you need to:• Host a homebuyer seminar• Connect with borrowers one-on-one with stand-alone materials• Share original online content• Generate leads with our Homebuyer Education Test• Put your contact information on pieces borrowers will take away with

them and remember

All at no cost to you or your borrowers, in both English and Spanish, with easy, online access and ordering.

Host your own homebuyer seminarAttract and build relationships with prospective homebuyers by helping them understand the mortgage process. We provide everything you need to host a seminar in English or Spanish at no cost to you.

Interested in ordering the kit? Contact your MGIC account representative, mgic.com/contact.

a guideto buyinga home

Here’s how:1. Order your seminar

kit. We’ll send you a facilitator guide and borrower workbooks.

2. Download the slide deck and promotional materials.

3. Edit the poster and flyer with your seminar details and use them to promote your event.

4. Host your seminar and build borrower relationships!

Bonus tip: Build borrower and referral partner relationships at the same time! Co-sponsor your homebuyer seminar with a real estate agent or another partner.

The kit includes:Slide deck

Our presentation clearly explains the process of buying and owning a home.

Facilitator guide

Our slide-by-slide script guides you through the presentation. You’ll know exactly what points to make and when to encourage discussion. Also includes tips for promoting and hosting your seminar.

Promotional poster and flyer

Edit the poster and flyer to include the date, time and location of your seminar, then print as many copies as you like. Place them in your lobby or at libraries, schools, grocery stories, community centers or other places where you might reach first-time homebuyers.

Borrower workbook

Prospective homebuyers can follow along with your presentation – and take home valuable info – with this study guide. It’s an all-in-one resource that includes an overview of the homebuying process, engaging activities and helpful worksheets.

Connect with borrowers using stand-alone materialsOrder our stand-alone pieces to use in meetings with potential borrowers. You never know when a concise introduction to a topic like budgeting, credit or mortgage insurance will come in handy! And borrowers will remember the loan officer who helped them understand these key concepts.

Interested in ordering materials? Contact your MGIC account representative, mgic.com/contact.

What we offer:

Get Ready series

Help homebuyers understand key concepts that will help them get ready to buy a home. Topics include:

• Budgeting• Understanding credit• Understanding your credit report• Preventing identity theft• Understanding mortgage insurance• Managing student loans

Mortgage insurance education

Explain MI: the benefits, how it works and how to cancel. Topics include:

• The skinny on MI • How to cancel mortgage insurance

Worksheets

Give them tools to help them save, compare homes for sale and understand their responsibility as homeowners, including:

• Monthly budget worksheet • Home comparison chart• Home maintenance checklist

All materials are available in English and Spanish.

L E A R N M O R E A B O U T Y O U R C R E D I T

MGIC

KEYS TO SUCCESSFUL HOMEOWNERSHIP

Understanding Credit

Get Ready to learn how to…

Understand, establish and maintain — or regain — good creditIn today’s world, it’s just about impossible to live without credit. It’s a powerful tool, but as with all tools, credit can be extremely dangerous in the hands of those who do not understand its power and how to use it.

Credit permits you to obtain something now for little or no money out of your pocket and pay for it over a specific period of time. Today, almost everyone uses credit in one form or another. Mortgages, credit cards, personal loans and car loans are all types of credit.

Once you’ve made the decision to buy a home, it’s time to review your credit standing. If you don’t, you can be sure your lender will when you apply for a mortgage. It’s a good idea to know what you’re working with before you fill out your mortgage application. That way you have some time to establish, improve or repair your credit standing. Exactly where you stand will help determine whether you are approved for a mortgage and, if so, the interest rate you will be charged.

Cancelación basada en el valor original

La Ley de Protección de Propietarios de Vivienda (HPA, por sus siglas en inglés) brinda condiciones para que usted solicite la cancelación y la cancelación automática de su prestamista en función del valor original de la propiedad.

Valor original signifi ca el menor del precio de venta y el valor de tasación original (si ha refi nanciado su hipoteca, el valor original se refi ere al valor de tasación más reciente).

Para solicitar la cancelación bajo la Ley de Protección de Propietarios de Vivienda (HPA, por sus siglas en inglés)

Puede pedirle a su prestamista una solicitud por escrito para cancelar su seguro hipotecario cuando el saldo de su hipoteca alcance el 80% del valor original de su vivienda porque:

− Ha realizado todos sus pagos programados o

− Ha realizado pagos adicionales para reducir el saldo de capital antes de lo programado

Otros requisitos

− El valor de su propiedad debe ser al menos el mismo que su valor original y

− No hay gravámenes subordinados en su propiedad

− Debe tener un buen historial de pagos, lo que signifi ca que ha tenido:

• Cero pagos vencidos por 60 días o más durante el período de 12 meses que comienza 24 meses antes de la fecha en que su hipoteca llega a la fecha de cancelación y

• Cero pagos vencidos por 30 días o más durante el período de 12 meses anterior a la fecha en que su hipoteca llega a la fecha de cancelación.

Cancelación requerida por el prestamista bajo la Ley de Protección de Propietarios de Vivienda (HPA, por sus siglas en inglés)

Su prestamista debe cancelar automáticamente su póliza de MI, con ciertas excepciones, cuando:

− Alcanza el 22% de equidad de su casa basado en el valor original de la propiedad y el cronograma de amortización original, y

− Sus pagos de hipoteca son actuales

Cancelación basada en el valor actual

Fuera de HPA, puede solicitarle a su prestamista, por escrito, que cancele el MI en función de un aumento en el valor de tasación de su propiedad.

Otros requisitos

− También necesita un buen historial de pagos en este escenario

− Si su hipoteca tiene al menos 2 años pero menos de 5, generalmente necesita al menos 25% de equidad en su hogar

− Si su hipoteca tiene 5 años o más, generalmente necesita al menos 20% de equidad

− Su prestamista típicamente requerirá una tasación para verifi car el nuevo valor de su propiedad

Su prestamista puede tener requisitos adicionales.

Por favor, tenga en cuenta: Si su prestamista pagó su seguro hipotecario, no puede cancelarlo. Estas situaciones se aplican solo al seguro hipotecario pagado por el prestatario, lo que signifi ca que usted pagó por él.

Cómo cancelar el seguro hipotecarioSi tiene sufi ciente equidad en su vivienda principal y realizó a tiempo los pagos de su

hipoteca, es posible que pueda cancelar su seguro hipotecario.

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Para obtener más información, comuníquese con su prestamista.

home maintenance checklist

P = Periodically / S = Spring / F = Fall / A = Annually when date completed

FOUNDATION & MASONRY (basement, exterior walls): To prevent seepage and condensation problems

Check basement for dampness and leakage after wet weather. P

Check foundation walls, steps, retaining walls, walks, patios, driveways, garage floors, etc., for cracks, heaving, crumbling.

S

Check chimneys, deteriorated chimney caps, loose and missing mortar. S / F

Maintain grading, sloped away from foundation walls. A

ROOFS & GUTTERS: To prevent leaks, condensation, seepage and decay

Check for damaged, loose or missing shingles, blisters. S / F

Check for leaking, misaligned or damaged gutters, downspouts (leaders), hangers (straps), gutter guards and strainers.

S / F

Clean gutters, leaders, strainers, window wells, drains. Be sure downspouts direct water away from foundation.

P

Cut back tree limbs growing on or over roof. F

Check flashings around roof stacks, vents, skylights, chimneys, antenna supports for leakage. S / F

Check vents, louvers and chimneys for birds’ nests, squirrels, insects. S / F

Check fascias and soffits for paint flaking, leakage and decay. S

EXTERIOR WALLS: To prevent paint failure, decay and moisture penetration

Check painted surfaces for paint flaking or paint failure. S

Check siding, shingles and trim for damage, looseness, warping and decay. P

Check exterior masonry walls for cracks, looseness, missing or broken mortar. S

Cut back and trim shrubbery against sidewalls. S / F

DOOR AND WINDOWS: To prevent air and weather penetration problems

Check caulking and check for decay around doors, windows, corner boards, joints; recaulk as needed. F

Check glazing putty around windows. F

Check weather stripping. F

find more tools at readynest.com

Because of the general nature of this advice and the individual application thereof, neither the American Society of Home Inspectors nor its members assumes any responsibility for any loss, cost, damage, injury or expense that may be incurred or suffered as a result of the use of this information.

Share original content from ReadynestGet your potential borrowers ready to spread their wings by sending them to our consumer education site, readynest.com.Readynest breaks down the homebuying process in plain English (and Spanish!) and backs up the facts with true stories that bring it all to life. Readynest includes a step-by-step tour of the homebuying process and our free Homebuyer Education Test – plus stories, a glossary, calculators, worksheets, infographics and more.

Part of any savvy loan officer’s social media strategy is maintaining a regular stream of valuable content. Follow Readynest on Twitter and Facebook and retweet or share original content relevant to your audience.

Check out readynest.com

Leverage our testGenerate leads and help borrowers fulfill education requirements* with our no-fee Homebuyer Education Test at Readynest.

Here’s how it works:1. Register for your unique code at mgic.com/homebuyereducation.

(Your “code” is actually your email address.)

2. Create your customized flyer. Download our editable flyer in English or Spanish. Add your contact information and code in designated areas. Save the flyer to email or print and hand out.

3. Share your flyers with real estate agents and potential borrowers. Use it to direct your customers to readynest.com/test.

4. Check your inbox for new leads! When a borrower completes the test using your code, you’ll receive an email with their name, email address and Certificate of Achievement. Then you can follow up with these freshly educated homebuyers!

*Our homebuyer education program fulfills requirements for Freddie Mac Home Possible® and HomeOneSM, but does not fulfill requirements for Fannie Mae HomeReady®. Our landlord program also fulfills Freddie Mac’s education requirements. Fannie Mae does not require landlord education on HomeReady loans for 2- to 4-unit properties. HomeReady® is a registered trademark of Fannie Mae. Home Possible® and HomeOneSM are Freddie Mac service marks.

Register for your code at mgic.com/homebuyereducation

Put your name on itWe can help you be memorable. Add your contact information to these educational materials so potential homebuyers will never forget who helped them understand their credit score for the first time.

Download brandable, educational content from our Creative Cafe. Brand them with your logo, photo and contact info, then save and print as many as you like!

Interested in downloading materials from Creative Cafe? Contact your MGIC account representative, mgic.com/contact.

What we offer:Flyers

• Readynest overview• 5 fast facts about creating a budget• 10 things you should avoid before

closing your mortgage loan• How to cancel mortgage insurance

Infographics

From useful tips to fun holiday facts, infographics are an eye-catching way to engage with borrowers.

Worksheets

• Home comparison chart• Home maintenance checklist

Get Ready series

• Budgeting• Understanding credit• Understanding your credit report• Preventing identity theft• Understanding mortgage insurance• Managing student loans

1 2 3 4 5Talk with other

members of your family

Consider everybody’s needs and wants so all family members

feel they are a part of the plan. If everybody realizes the rewards, you all may work harder to make your budget

succeed.

Be specifi c

If goals are vague, objectives may

never be met. You and other household members may have

diff erent ideas of what the end result

should be.

Be prepared to compromise

If, for example, one person wants to pay cash for things and

the other person prefers to buy on

credit, you’ll need to discuss the pros and

cons of both methods and decide on a middle ground. A

plan cannot succeed unless there is a

fi nancial partnership.

Set realistic goals and objectives

Setting the bar too high may lead to frustrations that

could cause you to abandon your plan.

Exercise willpower

Try not to overspend — this will be your

daily challenge. Each family member needs

to encourage the others to stick to the

plan.

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5 fast facts about creating a budget

Check out more articles like this at readynest.com

Contact me today for more homebuying resources!

THIS SPOOKTACULAR INFOGRAPHIC HAS BEEN BROUGHT TO YOU BY YOUR GOOD FIENDS AT MGIC

17-50984 10/17

GHOSTSLOOK FOR DISEMBODIED SPIRITSSTRANGE SMELLS

UNEXPLAINED SOUNDS AND MOVING OBJECTS

IF THIS INSULATOR BECOMES AIRBORNE IT’S HAZARDOUS TO YOUR LUNGS; ALSO A FIRE HAZARD

PREVIOUS HOME IMPROVEMENTSOUT-OF-CODE UPDATES CAN BE POORLY DESIGNED INEFFICIENT OR INCOMPLETE

INEFFICIENT WINDOWS, HEATING/ COOLING SYSTEMS AND APPLIANCES CAN DRIVE UP UTILITY BILLS, OR IN THE CASE OF AN OLD

HEATER, RELEASE CARBON MONOXIDE

WARNING SIGNS ARE PEELINGPAINT MOISTURE ANDMUSTY ODORS

FOUNDATIONS SHIFT OVER TIME, AFFECTING STRUCTURAL INTEGRITY

RADONTHIS RADIOACTIVE BEDROCK GAS CAN ENTER OLDER

HOMES THROUGH CRACKS IN THE FOUNDATION

INSULATION: INADEQUATE INSULATION, DRIVES UP

HEATING AND COOLING COSTSOLD GALVANIZED

PIPES CAN CORRODE AND RUST ON THE INSIDE OVER TIME

CAST-IRONPIPESCAN CAUSE MINERAL B U I L D - U P CORROSION OR LEAKS

infestationsI N C L U D I N G

B A T SRODENTSTERMITES & OTHER INSECTS

13SPOOKYTHINGS TO WATCH OUT FOR IN OLD HOMESOlder homes can be high on charm and built to last - but they may also be hiding unexpected secrets. Here are some things to watch out for when you’re on the hunt for an old charmer.

THIS GRAPHIC INCLUDES SUGGESTIONS AS TO WHAT TO LOOK FOR AND IS IN NO WAY EXHAUSTIVE. BE SURE TO CONSULT WITH PROFESSIONALS; WORK WITH YOUR INSPECTOR, REAL ESTATE AGENT, GENERAL CONTRACTOR, LAWYER OR THE BUYER TO IDENTIFY POSSIBLE ISSUES AND DISCUSS RESOLUTIONS.

lead paint and pipesCOMMON IN HOUSES BUILT BEFORE 1980LEAD IS A NEUROTOXIN THAT CAN CAUSE HEALTH PROBLEMS

OLD WIRINGAGED ELECTRICAL BOXES,

OUTLETS AND WIRING CAN’T SUPPORT TODAY’S DEMANDS

cuadro comparativo de la vivienda

Vivienda 1 Vivienda 2 Vivienda 3

DIRECCIÓN

PIES CUADRADOS

TAMAÑO DEL LOTE

AÑO DE CONSTRUCCIÓN

VECINDARIO Vivienda 1 Vivienda 2 Vivienda 3

Cerca del trabajo

Cerca de las escuelas

Cerca de centros comerciales

Cerca de vías principales/autopistas

Cerca del transporte público

Cerca de médicos/ dentistas

Cerca de iglesias

Cerca de vías de tren/aeropuerto

Cerca de una industria

Parques

Volumen de tráfico

Preocupaciones/influencias ambientales

Propiedades de vecinos en buenas condiciones

Calles/callejones en buenas condiciones

Luces de la calle pública

Aceras

Todos los servicios públicos instalados

Recolección de basura

Área zonificada residencial

Restricciones/convenios del vecindario

Cuotas especiales propuestas

Peligro de inundación

Servidumbre restringida

FINANZAS DEL HOGAR Vivienda 1 Vivienda 2 Vivienda 3

Precio del vendedor

Capital e interés mensual estimado

Factura estimada de agua y alcantarillado

Factura estimada de calefacción

Factura estimada de electricidad

Impuestos sobre la propiedad

Cargo de la Asociación de propietarios

PLANO DE LA VIVIENDA Vivienda 1 Vivienda 2 Vivienda 3

Cantidad de dormitorios

Cantidad de armarios

Cantidad de baños

Sala de estar

Comedor separado

Área para comer en la cocina

Sala familiar

Sótano finalizado

Ático

Espacio para lavandería

encuentre más herramientas en readynest.com

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