home buying 101
Download
Skip this Video
Download Presentation
Home Buying 101

Loading in 2 Seconds...

play fullscreen
1 / 28

Home Buying 101 - PowerPoint PPT Presentation


  • 269 Views
  • Uploaded on

Home Buying 101. The Reality of Realty. Why buy a home?. How to Buy a Home. Simply put, buying a home involves three steps…. Finding a home you like and can afford. We would all like to live in a big house on a hill, but most of us can’t afford that type of home.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Home Buying 101' - Roberta


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
home buying 101

Home Buying 101

The Reality of Realty

how to buy a home
How to Buy a Home

Simply put, buying a home involves three steps…

finding a home you like and can afford
Finding a home you like and can afford

We would all like to live in a big house on a hill, but most of us can’t afford that type of home.

This means we have to determine:

what features in a home are most important to you
What features in a home are most important to you?

Click here to play a game to see what home features are important to you!

what can you afford
What can you afford?

When you buy a home, you will probably have to take out a home loan. The agreement to pay back that loan between you, the borrower, and the lender is called a mortgage.

The home loan (or mortgage) will consist of the principal and the interest.

what can you afford7
What can you afford?

Other things that could be added to a mortgage…

what can you afford what does this mean for me
What can you afford?(What does this mean for me?)

There are a lot of free home affordability calculators on the internet; click here for one from Yahoo!

credit issues credit reports
Credit IssuesCredit Reports

There are three different credit bureaus that generate credit reports

Lenders will use a credit score based on scores from all three credit bureaus

credit issues credit reports18
Credit IssuesCredit Reports

Make sure your credit report is correct

debt vs no debt
Debt vs. No Debt

Having a history of debt and paying it off on time can increase your credit score

Continuing to have debt, however, can lower the amount of money you can borrow

lenders
Lenders

There two main ways to find a lender

ad