Many would be homeowners are scared away because of a process they feel is complex and intimidating. One way to minimize the fear of the home buying process is to provide clear and consistent information and high quality guidance for buying a home. The objective of this guide is to educate you on the home buying process. This guide will help you to have a good understanding of:

• How to budget and save for a down payment

• How to find a home and make an offer

• How to apply for financing

• What takes place at a closing

• How to establish a post purchase budget

• Why it is important to maintain a home

Stresses the importance of budgeting for the down payment, and the importance of budgeting after you purchase your home.

Outlines how to locate your home, and the advantages of working with the real estate agent. This module also explains the purchase contract, offers, and contingencies by pointing out the steps involved when negotiating the price.

Focuses on selecting a lender, various types of mortgages, and the processes involved in securing a loan including the application and pertinent information that must be provided to the lender. This module briefly explains how qualifying criteria is evaluated by the lender. It also discusses Fair Housing Laws and RESPA requirements.

Covers the steps involved in the closing process, the final step in the home buying process. It also highlights the additional responsibilities associated with homeownership, and it provides tips on performing periodic inspections and repairs to avoid major repair costs.

Includes tips and advice how to take care of your new home after closing.

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