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Home Buying 101. The Reality of Realty. Why buy a home?. How to Buy a Home. Simply put, buying a home involves three steps…. Save for youtube clip. 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.

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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…

Save for youtube clip

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:

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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.

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what can you afford7
What can you afford?

Other things that could be added to a mortgage…

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what can you afford8
What can you afford?

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

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

getting pre approval
Getting Pre-Approval
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credit issues
Credit issues
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credit issues credit reports
Credit IssuesCredit Reports
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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
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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
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There two main ways to find a lender

the role of realtors
The Role of Realtors
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house hunting tips
House hunting Tips
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house hunting tips26
House Hunting Tips
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the transaction process you ve been pre approved for a loan and found a home you like
The transaction processYou’ve been pre-approved for a loan and found a home you like...
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the transaction process
The Transaction Process
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