COURSE INDEX Preliminary QuestionsNew Home Buying Start & Registration Budgeting To Buy a Home Neighborhoods Find Your First House Inspect Before You Buy Shop For a Mortgage Loan Home Mortgage Loan Process Credit Score and Credit Report Home Mortgage Loan Closing Being a Home Owner Log In Table of Contents Glossary No ObligationMortgage Quote RequestGet Started Below! Please Select Your State to Get Started!: This Form Powered By: --> Welcome to our first time homebuyer course! Buying your first house likely represents the greatest financial commitment you have ever made.
At the same time owning your first house comes with a special pride in your new home that sometimes rivals that of a new child. While these joys should be relished, the liability and responsibility of new home ownership should not be downplayed. Each free chapter, or class, should help provide an education for those who have no experience buying a house and those who may be buying a house for the second or third time too.
You will learn about selecting a new home, how to buy it, the home mortgage loan process to finance it and more. We have assembled over 80 pages of information to help make your first house buying experience a great one. By taking this course, you will complete the first step for getting all the information you need to buy a home. Everyone experiences some nervousness when buying a first home, but with the base of knowledge you will gain while taking this course we hope this new home will represent just the first of many positive real estate transactions for you.
Feel free to take your time and come back to the course whenever you choose. Of course, you may feel free to not read each class and read them out of order if you wish. To get the most from this new home buying course, we do suggest reading each class in the order presented. IMPORTANT!You may take this new home buying course in any of three ways: You may register for the course, take a test after reading all pages and earn a certificate of completion from Financial Firebird if you pass.
FREE You may take the course or read any part of it without registering but you will not be allowed to take the test or earn a certificate. FREE You may register for the course, take a test after reading all pages and earn a certificate of completion printed on heavy bond paper from Financial Firebird with an official corporate seal if you pass. Because of handling, this option costs $10. We have found the vast majority of lenders accept the certificate as outlined in option 1, saving you the fees needed for this selection.
While you do not need to decide between options 1 & 3 until you are done with the course, you must register before you start if you would like to select either option that yields a certificate. In addition to personal pride of passing the test, remember many mortgage programs require certificates to qualify for their programs. You should check with your lender to see if you need a certificate with the seal, our own certificate or if you do not need certification at all.
Click Here to register To bookmark this page, RIGHT click here. AOL and Internet Explorer users choose "Add to Favorites..." Netscape users choose "Add Bookmark."Table of Contents | Homebuyer Course Start Page | Find A Realtor | Budgeting To Buy a Home | Neighborhoods | Find Your First House | Inspect Before You Buy | Shop For a Mortgage Loan | Mortgage Home Loan Process | Credit Score and Credit Report | Home Mortgage Loan Closing | Being a Home Owner © 2007 Financial Firebird CorporationEdited and suplimented by Mory Brenner, Esq.
An equipment is among the most significant investments you may at any time make. Appliances are often hefty buys, and so are a person on the most critical areas of your home. You rely on appliances for everything from cooking to cleaning, and particularly contemplating the quantity of revenue you'll be placing forth for it, it only is sensible that you would need to make sure you take advantage of reasonable obtain.
House appliances is really a time period which can be used quite popularly these days but exactly what does it stand for? Dwelling appliances stand for that mechanical and electrical solutions that are made use of at home to the functioning of the typical home.
First Time Homebuyer Grants are a type of mortgage assistance that's designed to help families buy their first homes. Most First Time Homebuyer Grants are administered by federal and state governments, as well as non-profit organizations all over the country. How Can A First Time Home Buyer Grant Help? We keep track of grants from all over the country that help people find and purchase their dream home.
Rising rental prices and a shrinking middle class are making it more and more difficult for the middle class to thrive, so government programs like FHA loans and HUD are here to help reinforce and bolster the growth and continued stability of the American middle class. That stability is all about home ownership. The most common type of home buyer grant is a down payment assistance grant. These are designed to help first time home buyers overcome the barrier that mortgage down payments pose for many American renters.
There are two major categories of Down Payment Assistance grants that you might be eligible for... DPA (DownPayment Assistance) This is a forgivable, deferred, 5 to 30 year 0% interest, no payment "silent second" loan, up to $75,000. These are designed to be forgivable between 10 and 20 years. They're meant to assist buyers with not only Down Payments but also closing costs. Restrictions usually apply but it means you don’t have to spend years saving up for that big payment before you can even start looking for a house.
Conditional DPA Grants This is technically a type of second mortgage, except that you won’t have to pay it back if you meet the terms of your home-buyer agreement. This will demand that you keep the home as your primary residence for specific amount of time that’s determined by each program separately. Usually after 30 years, at the end of your first mortgage's term, this second one will also come due.
You'll make no payments and there is no interest. Most of these grants are awarded based on income, and require recipients to qualify as low or middle income earners in their country. Another important category to be aware of is "good neighbor" grants What's a Good Neighbor Program? Good neighbor programs are special grants for first time home buyers that are designed to help rehabilitate neighborhoods that are shrinking or falling into disrepair.
They're specifically designed to improve the safety and strength of the community in an area by offering help to people in important "good neighbor" professions. These include teachers, members of the military, paramedics, and police officers. If you're employed in one of these types of jobs you might qualify!