Buying a Home: What You Need to Know

In this episode of The Financial Forchtcast, host Frank Bogardus, sits down with Felicia Stomieroski, Forcht Bank VP Mortgage Specialist, to break down the entire home loan process—from pre-qualification to closing.

Whether you’re a first-time homebuyer or a seasoned homeowner, you’ll learn about in-house vs. secondary market loans, tips for improving your credit, how escrow works, common loan mistakes to avoid, and what financial documents to prep before applying.

Felicia also shares insights on adjustable-rate mortgages (ARMs), home equity lines of credit (HELOCs), and a special grant program designed to help eligible buyers with down payments and closing costs.

Key Takeaways:

• What to expect during pre-qualification and loan approval
• Understanding different mortgage products (FHA, VA, conventional, ARM)
• Do’s and don’ts during the home-buying process
• How to prepare your finances before applying

Whether you’re just getting started or looking to refine your mortgage knowledge, this episode is packed with valuable guidance from an expert who’s helped countless families into their dream homes.

Topics discussed in this podcast are discussed as general advice.  If you have questions or would like additional information, please reach out to us at 1-844-4-FORCHT (1-844-436-7248). Member FDIC. Equal Housing Lender. Forcht Bank NMLS #411012.