In the 5th episode of The Homebuying Journey, Todd talks about the process a potential homebuyer will go through after they start the application process. Later in the episode, he is joined by Jen Calland of Remax Connection to talk about her journey as a Real Estate Agent.

You can contact Jen

[email protected]

The episode features Todd, The Mortgage Captain, discussing the loan application process and what information lenders will ask for. He breaks down the nine sections of the loan application, including borrower information, employment history, other income sources, financial information, real estate owned, loan details, declaration questions, demographic information, and loan originator information. Todd emphasizes the importance of providing accurate information and the need for supporting documentation. The episode also includes an interview with Sean Cole, a real estate agent, who shares his journey into real estate and offers advice for first-time homebuyers and those starting a career in real estate.

You can contact Sean by Phone at 719-242-8834, on Instagram @scolexworld and Facebook by searching Sean Cole.

00;00;06;01 Introduction to the loan application process.

00;00;22;26 Overview of the Uniform Residential loan application (1003).

00;01;13;29 Section one: borrower information (name, date of birth, etc.).

00;02;01;03 Section one: previous addresses and employment history.

00;02;56;20 Section one: gap in employment and letter of explanation.

00;04;01;15 Section one: two year work history requirement.

00;04;45;04 Section one: other income sources (alimony, child support, etc.).

00;05;59;24 Section two: financial information (assets and liabilities).

00;07;12;02 Section two: disclosure of alimony and child support payments.

00;08;41;23 Section three: real estate owned (for current homeowners).

00;10;34;02 Loan application process and sections

00;11;00;21 Declaration questions on the loan application

00;11;22;25 Examples of declaration questions

00;12;10;18 Documentation of military service

00;12;27;14 Demographic information on loan application

00;13;36;10 Loan originator information

00;14;05;12 Supporting documentation required for loan application

00;15;12;24 Documents needed for employment verification

00;16;21;25 Documents needed for self-employed individuals

00;16;44;11 Documents needed for bank statements

00;20;55;07 Introduction to the importance of being visible in real estate

00;21;15;07 First-time homebuyers should consider market changes and comfort level

00;22;00;25 The importance of financial numbers and comfort for first-time homebuyers

00;22;46;12 Confused buyers don't buy, transparency is crucial

00;23;47;21 Background of being a military kid and love for architecture

00;24;49;12 Success attributed to mentality and mentorship

00;25;14;14 Importance of learning from others and knowing oneself

00;26;47;19 Starting a career in real estate requires making connections

00;27;36;14 Contact information provided

00;28;05;21 Conclusion and invitation to future episodes

You can contact Todd at [email protected].

0:00:10 Introduction to the housing market and reasons to purchase now

0:01:09 Media portrayal of the housing market as negative

0:02:22 MBA stats show 2023 as a good time to buy

0:03:01 Objection 1: Reluctance to give up low rates

0:04:37 Objection 2: Waiting for rates to drop

0:06:06 Objection 3: Waiting for home prices to drop

0:07:23 Historical data shows home values mostly appreciate

0:10:20 Low inventory and millennial demand will drive home values

0:11:26 Objection 4: Hesitancy to pay over asking price

0:12:59 Paying more now can be beneficial due to appreciation

0:13:28 Can't control interest rates, inventory, home prices, recession, inflation.

0:13:59 Most people should buy now, waiting for rates not good.

0:15:08 Introducing Joshua Travis, realtor in Columbus market.

0:15:55 Waiting for rates to come down leads to higher prices.

0:18:52 Some people waiting for home prices to come down.

0:19:43 Home prices continuing to grow in Columbus market.

0:20:37 Myth that real estate agents are only after money.

0:21:21 Advice for new agents: explore brokerages, focus on training.

0:22:27 Joshua Travis sets himself apart by working harder.

0:23:05 Contact Joshua Travis through Instagram or phone number.

Todd Utrup - NMLS#: 1968796 | T2 Financial, LLC.

Join The Mortgage Captain Todd Utrup as he ascends to a new medium in the first episode of The Mortgage Captain. In the first episode, Todd discusses why he chose the name "The Mortgage Captain, as well as what people need to do in order to purchase a house! In the second half of the episode (15:45) Todd is joined by Lory Kim from RE/MAX Connection. Find her on Facebook at

Todd Utrup - NMLS#: 1968796 | T2 Financial, LLC.