HOME OWNERSHIP 101

In this section, you will learn some of the basics of buying a home.

Homeownership 101

• Are You Ready To Buy?
• Qualifications Checklist
• Understanding Tax Benefits
• Up-Front Cash Requirements
• Government Loan Programs
• How Much Home Can I Afford?

Choosing the Right Mortgage

• Fixed Rate vs. Adjustable Rate
• 30-Year vs. 15-Year Terms
• Interest Rates & Discount Points
• The Down Payment
• Buydowns vs. Graduated Payment Mortgages (GPMs)

Helpful Information

• Participants in the Homebuying Process
• Basic Mortgage Math
• Homebuyer's References
• Introduction to Refinancing 
• Glossary of Terms