Select A Department:

Courses in this Department

How Ready Are You to Buy a Home?

Determining Your Dream Home and Finding It!

Factory Built Homes Are Worth a Look

Purchase Manufactured Homes with FHA Loan

How to Buy a Foreclosed Home

Pros and Cons of Corner Lots

Know the Neighborhood Before You Buy

Tune in to an Open House on the Radio

Finding a Qualified Broker or Agent

Shopping for a Loan and Choosing a Lender

How to Improve Your Credit

How to Survive the Loan Application Process

Making an Offer and Signing Contracts

Cancel Your Contract in 3 Days

Understanding the Closing/Settlement Process

Choosing Home Inspection and Settlement Professionals

Double Check Your New Home - The Walkthrough

Know Your Consumer Rights

Seniors Have Many Housing Opportunities

Preparing for the Big Day -- Relocating Moving

Make Your Home Your Castle - Cost Effective Redecorating Ideas


What Do You Know or Remember?

You may be surprised at how much you remember going into this course.

The Decision

The decision to buy is where the whole process begins.

We know that buying a home is a major decision. It's also a good lesson in financial discipline. Fortunately, the odds are in your favor of everything going well. Even first-timers have an easier time of it nowadays.

The current homeownership rate in the U.S. is at more than two-thirds of the population. People now own homes at a younger age, too. More than half of all "Generation Xers" aged 30 to 31, and 36 percent of those aged 25 to 29 already own a home. No matter what your age, it's always worth taking a look at homeownership. If you are looking for your second or third home, you are nearly home free (so to speak!).

Do You Qualify for a New Mortgage?

This is the first big question.

Even though owning a home is a little easier today, the decision on whether you're ready to buy now, upgrade to a larger place or figuring out how much you can afford, depends on a mortgage lender. If you're like most people, you're not independently wealthy and you don't have piles of cash lying around, so you'll need to financially "qualify" for a mortgage loan. That means looking at your finances in depth and at your spending habits.

To qualify means having a lender review your financial situation and provide tentative approval for a loan amount sufficient to purchase a home. That's the first step. The next step is actually applying to get the loan. Along the way, you'll be putting your finances under the microscope, the financial equivalent of a DNA test.

But First, Let's Investigate Your Credit & Personality Type...

Each of us fits into general category of financial behavior.

Page 2 of 9