Module 4: The Home Buying Process and Terminology
Watch the videos and then click through to the quiz when you're ready. You are well on your way to understanding how to move towards your new home!
Principal and Interest
Understanding APR, Fixed Rate, Adjustable Rate, Term Length, and Estimated Monthly Payment
Application Process
Understanding the Application Process and the Documents Needed
Before You Close
Understanding Pre-Approvals, Purchase Agreements, Under Contract, Contingencies, and Estimated Closing Costs
You've Been Pre-Approved!
What to Do and What NOT to Do
The Inspection
Understanding Inspections, Appraisals, Rescission of Purchase Agreement, and Reinstatement of Purchase Agreement
Costs Beyond the House
Understanding Taxes, Escrow, Insurance, PMI, and Disclosures
What is a Closing Settlement Statement?
Understanding Money Down, Gifts Down Payment Assistance, and Grants
Understanding the Trade Off
Where Do You Balance Buying Points, Interest Rate, and Rate Locks?
Example Closing Documents
What They Mean, and How to Avoid Potential Problems
Related Services
We want to be your full financial partner, because when you can see the whole picture, you’re set up for success. How else can we help with your financial goals?
01
Ignite Financial Literacy
From understanding your credit to buying a home, recognizing fraud to home renovations, you have questions. Here are some of the answers.
02
Why Credit Matters
Watch the videos and then click through to the quiz when you're ready. You are well on your way to understanding credit and making it work for your financial goals!
03
Home Renovations and Fraud Prevention
Thinking about updates or repairs on your home? Learn how to plan your project, avoid common pitfalls, and spot fraud before it costs you. Watch the videos and then click through to the quiz when you're ready.
04
Budgeting and Savings
Watch the videos and then click through to the quiz when you're ready. You are well on your way to understanding credit and making it work for your financial goals!
05
From Renting to Home Ownership
Watch the videos and then click through to the quiz when you're ready. You are well on your way to understanding how to reach your homeownership goals!
