C) YOU’VE FOUND IT
What about a Home Inspection?
Do I need to be there for the inspection?
Are other types of inspections required?
How can I protect my family from lead in the home?
Are power lines a health hazard?
Do I need a lawyer to buy a home?
Do I really need Homeowner’s Insurance?
What steps could I take to lower my Homeowner’s Insurance costs?
Is the home located in a flood plain?
What other issues should I consider before I buy the home?
How do I make an offer?
How do I structure the initial offer?
What about the earnest money?
What are Home Warranties & should I consider them?
D) THE BASICS OF FINANCING
What is a mortgage?
What is a Loan to Value (LTV)?
What types of loans are available & what are the advantages of each?
When do ARMs make sense?
What are the advantages of 15 & 30 year loan terms?
Can I pay off my loan ahead of schedule?
Are there special mortgages for First-Time Home Buyers?
How large of a down payment do I need?
What is included in a monthly mortgage payment?
What factors affect mortgage payments?
How does the interest rate factor in securing a mortgage loan?
What happens if interest rates decrease and I have a fixed rate loan?
What are discount points?
What is an escrow account & do I need one?
E) YOUR MORTGAGE MATTERS
What steps need to be taken to secure a loan?
How do I choose the right lender for me?
How are pre-qualifying and pre-approval different?
How can I find information about my credit history?
What if I find a mistake on my credit history?
What is a credit bureau score & how do lenders use it?
How can I improve my score?
F) FINDING THE ROGHT LOAN FOR YOU
How do I choose the best loan and program for me?
What is the best way to compare loan terms between lenders?
Are there any costs or fees associated with the loan origination process?
What is RESPA?
What is a Good Faith Estimate & how does it help me?
Besides RESPA, does the lender have any additional responsibilities?
What responsibilities do I have during the lending process?
G) CLOSING
What happens after I’ve applied for my loan?
What should I look out for during the final walk-through?
What makes up closing costs?
What can I expect to happen on closing day?
What do I get at closing?
