How To Buy Your First Home Second Edition by Diana Summers ISBN 978-1572484979 1572484977
Original price was: $50.00.$35.00Current price is: $35.00.
How To Buy Your First Home Second Edition by Diana Summers – Ebook PDF Instant Download/Delivery: 978-1572484979, 1572484977
Full download How To Buy Your First Home Second Edition after payment
Product details:
ISBN 10: 1572484977
ISBN 13: 978-1572484979
Author: Diana Summers
Take the fear out of buying your first home
For many, the process of buying a home for the first time can seem intimidating and overwhelming. How to Buy Your First Home is your resource for information on the subject. This book guides you through the entire process, including:
Preliminaries-Renting versus buying, determining what you can afford, deciding where to live
Searching for Your Home-What to look for in a home, hiring a realtor
Finances-Mortgage basics, government agencies, home loans for veterans
The Buying Process-Weighing your mortgage options, hiring an attorney, making an offer, inspecting and appraising your home
The Future-Caring for your home and increasing the value of your investment
Included within the text are Attorney Tip boxes that highlight important facts. Click on This boxes will guide you to helpful websites for additional information about calculating costs, locating homes in your area and more.
Extensive appendices include a glossary of important terms, contact information for state offices of real estate regulation and sample worksheets to help you as you make your decisions.
Written by an experienced attorney, How to Buy Your First Home is the resource that will take the mystery out of buying a home.
Table of contents:
Section 1: FREQUENTLY ASKED QUESTIONS
Top 20 Questions of First-Time Home Buyers.
Section 2: PRELIMINARIES
Chapter 1: Buying versus Renting
Words
First Time Home Buyers
Financial Reasons
Equity
Tax Advantages
Passing to Heirs
An Investment
Buying vs. Renting
True Cost of Home Ownership
Intangible Reasons
Status
Privacy and Work Schedules
Community
Conclusion
Chapter 2: Qualifying Yourself for a Mortgage
Your Credit History
Credit Reports
Free Credit Reports
Credit Scores
Improving Your Credit Score
Credit Report Errors
Repairing Your Credit Report
Correcting Credit Report Errors
Credit Counseling
Chapter 3: Calculating What You Can Afford
Common Debt-to-Income Ratios
Housing-to-Income Ratio
Debt-to-Income Ratio
How to Use These Ratios
From Monthly Payment to Total Mortgage
Cost of Living Increases.
Your Lifestyle
Chapter 4: Qualifying the Neighborhood
How to Research a Neighborhood
On the Internet
Field Trips
In the Library
From Your Couch
How to Select a Location
The Food Shopping Test
Other Cost of Living Amounts
Public Improvement Plans
Old vs. New
Section 3: SEARCHING FOR YOUR HOME
Chapter 5: Deciding Which House Features
are Important.
The Building, Itself
Features
Essentials
Handy-Man’s Special or Fixer-Upper
We are All Getting Older
Condominiums and Townhomes
Building from the Ground-Up
Building Your House
Buying in a Builder’s Development
Advantages/Disadvantages of Building
Chapter 6: Working with
Real Estate Agents and Brokers
Real Estate Professionals
The Real Estate Profession
contents
Problems with Real Estate Agents
Changing Agents
Whose Interest is Protected by the Real Estate Agent
How Real Estate Agents get Paid
Multiple Listing Services (MLS)
Comparables
Viewing a House Up for Sale
Notes and Checklists
Home Warranty
Home Inspection
What Not to Say to Real Estate Agents and Sellers
Games Played to Make the Sale
Inflating the Worth of the House
Another Offer
When Do You Legitimately Need to Act Fast
Chapter 7: Handling the Emotional Side of a
Home Purchase
Emotions in House Hunting
Under a Deadline
House is Beautifully Decorated
It is a Real Steal
Using the Seller’s Emotions
Buyer’s Remorse
When Buyer’s Remorse is Legitimate
Legal Consequences of Allowing Buyer’s Remorse to Run
Amuck
Section 4: FINANCES
Chapter 8: Explanation of Mortgage Basics.
Pub
Prequalifying
Preapproval
Mortgage Lender Types
Portfolio Lenders
Mortgage Bankers
Direct Lenders
Mortgage Brokers
What Does This Mean for You
Mortgage Types
Adjustable Rate Mortgage (ARM)
Millions of documents at your fingertips, ad-free.
Ticharger for the public
Sign up for a free trial
Assumable Mortgages
Balloon Mortgages
Buy-Down Mortgage
Convertible ARM
Deferred Interest Mortgage
Faith Financing
Fixed-Rate Mortgage
Subprime Mortgage
Wraparound Mortgage
Zero Down Mortgage
Necessary Documents to Apply for a Mortgage
Internet Mortgages
Your Mortgage is Approved, Now Lock-In That Rate
Your Mortgage is Not Approved
Points
Chapter 9: Government Agencies and the Secondary Mortgage Market
Housing and Urban Development Agency (HUD)
Federal Housing Administration (FHA)
Ginny Mae
Fannie Mae
Freddie Mac
Government Agencies and the First-Time Home Buyer
Secondary Mortgage Market
Chapter 10: Additional Sources of Money.
Living Together
Roommates
Friends and Relatives
Retirement Savings
Local Government Assistance
Zero Down Payment
Low Interest Mortgages
Renting with an Option to Buy
Pluses
Minuses
Chapter 11: VA Guaranteed Home Loans
Qualifying VA Appraisal
The Loan
Approval
Advantages
Disadvantages
Section 5: THE BUYING PROCESS
Chapter 12: The Legal Side of Real Estate.
Do I Need an Attorney
Title Searches and Surveys
How to Hold Title
Joint Tenancy
Tenancy by the Entireties
Tenancy in Common
Chapter 13: The Offer.
The Contract
What is in a Real Estate Contract Components of a Real Estate Contract
Negotiation
Things to Remember in Negotiations
Earnest Money
Escrow
Chapter 14: Appraisers, Inspectors, and Homeowners Insurance
Appraisers
Inspectors
The Inspection
Defects
Insurance
Home Insurance
Flood Insurance
Mortgage Insurance
Title Insurance
Chapter 15: The Closing.
The Walk Through
What Really Happens at a Closing
Closing Documents
What to Bring to the Closing
Closing Costs
Problems
Section 6: THE FUTURE
Chapter 16: Enjoying Your Home
Responsible Home Ownership
Keeping Utility Expenses Down
Correspondence from the Mortgage Company
Congratulations-You Get a Tax Benefit
Reducing Your Mortgage Debt
Chapter 17: Foreclosure and How to Avoid
Preventing Foreclosure
When You Can’t Pay the Mortgage
Federal Housing Authority (FHA), Fannie Mae, and Freddie Mac
Sraving Positive
People also search for:
how to buy your first home
how to buy your first home with bad credit
how to buy your first home with no money
how to buy your first home with low income
phil spencer how to buy your first home
Tags: Diana Summers, Buy Your First