Lesson 1 - YOU WANT TO BUY A HOUSE. WHERE DO YOU BEGIN?
Are You Ready for The Responsibility Of Homeownership?
Look At Your Spending Plan
Learn Who Is Involved in the Home-Buying Process
The Three Basic Truths To Mortgage Lending
What Is Needed To Make A Credit Decision?
The Documents You Will Need For Your Loan Application
Choosing a Lender
Lesson 2 - HOW IS YOUR CREDIT PAYMENT HISTORY?
Your Credit Report
Evaluating Your Credit Information
Correcting Errors On Your Credit Report
Credit Repair Clinics
Lesson 3 - GETTING PRE-QUALIFIED OR CREDIT APPROVED
The Difference Between Pre-Qualification & A Credit Or Pre-Approval
Your Employment History
Determining Your Income
What Monthly Debts Do You Have?
What Are Debt Ratios?
The House Payment (PITI)
Escrow Accounts
How Much Money Will You Need?
Gift Funds
Lesson 4 - WHAT TYPES OF LOANS ARE AVAILABLE?
The Big Four “Loan Vehicles”
The “Trailer Programs”
The “Luggage Rack” Programs
Other Financing Options
What Parts Make Up A Loan?
Fixed Or Adjustable Rate Mortgage Loan?
Lesson 5 - SHOPPING FOR A HOME
How Do You Find A Home To Buy?
Using A Real Estate Agent
What Types Of Homes Are Available?
Existing Homes
New Construction
Making An Offer to Purchase
Lesson 6 - FINALIZING YOUR LOAN
The Home Inspection
The Appraisal
Flood Certification
Title Insurance
Survey or Plot Plan
Full Loan Approval
Lesson 7 - THE LOAN IS APPROVED – LET’S CLOSE!
The Closing
What Should You Expect at the Closing
Closing Costs
Pre-Paid Expenses or Escrow Set-up Fees
What Documents Might You Sign At the Closing?
Lesson 8 - YOU ARE A HOMEOWNER! WHAT NOW?
Making Your Payments
What If You Can’t Make Your Payments?
Refinancing Your Loan
Maintaining Your Home
General Maintenance
Spring & Summer Maintenance
Fall & Winter Maintenance
Remodeling or Making Repairs
The Joy of Being a Homeowner
Lesson 9 - WATCH OUT FOR PREDATORS!
Avoiding Predatory Lending Practices
We Are All Targets of Predatory Lenders
Predatory Lending “Red Flags”
Predatory Practices
Potential Predatory Practices
Methods Used by Predatory Lenders to Contact You
What If You Are A Victim of Predatory Lending?
