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Overview
Basic Finance
How Credit Affects You
Preparing for Homeownership
Steps for Buying a Home
Life as a Homeowner






 
Preparing for Homeownership

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Ready for Homeownership?This section discusses some of the benefits of homeownership, including the build up of equity. A Self-Assessment Checklist helps you determine if you are ready to own a home, and the Who Does What chart explains the different professionals involved in the home buying process.

Affording HomeownershipThis section explains down payment requirements, assistance programs, and the components that make up a home loan. Quick Tips for selecting a home loan lender are included, along with a description of the four C’s — capital, capacity, credit and collateral.

Types of Home LoansThis section provides an explanation of the many different types of home loans and loan features that are available in today’s market. A table of common terms and definitions is provided, as well as a Home Loan Shopping Checklist you can download and use to compare different home loan products.

Buyers BewareThis section discusses the important topic of predatory lending and common methods that predatory lenders use. Tips for how to be a smart consumer are provided, along with guidance for what to do if you think you are a victim of predatory lending.


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