Steps Part 1
This is the first step before buying a home, you should put money aside for your purchase.
What is SAVE?
This acronym ATM stand for...
What is Automatic Teller Machine?
This style of home is usually one story.
What is a RANCH?
This is the cost you pay a lender when borrowing money.
What is INTEREST?
I examine the house and look for problems with things like the roof, plumbing, electrical system, and foundation. Who am I?
Who is a PRIVATE HOME INSPECTOR?
Lenders look at this to see how well you have handled borrowed money and paid your bills.
What is credit?
A house, money in a savings account, stock, business or something else you own that has value is called this..
What is an ASSET?
This traditional home style is usually two stories and often all bedrooms are on the second floor.
What is COLONIAL?
Homeowners usually pay these to their local government based on the value of their property.
What are PROPERTY TAXES?
We research the property's ownership and check for liens or other title issues before ownership transfers. This is where the keys are handed to the buyer and the seller gets the check(Paid) for the sale.
What is the TITLE COMPANY?
This person helps determine how much money you may qualify to borrow to purchase a home.
Who is a Loan Officer?
Money that you owe, such as a loan or credit card balance, is called this..
What is a LIABILITY?
True or false: A ranch style home normally has its main living areas on one floor.
What is True?
I help you get pre approved and determine how much you may qualify to borrow. Who am I?
What is a LOAN OFFICER?
This means there is a chance you could lose money when making a financial decision or investment.
What is RISK?
This professional helps you find a home, write an offer, and negotiate the purchase.
Who is a Real Estate Agent?
This is the amount of your home that you actually own, the home's value minus what you owe on it.
What is a BUNGALOW?
I help you search for homes, schedule showings, write an offer, and negotiate. Who am I?
Who is a REAL ESTATE AGENT?
A monthly bill that generally stays the same is this type of expense.
What is a FIXED EXPENSE?
Put the last three steps in the correct order: Title work, Appraisal, Private Inspection.
What are Private Inspection, Appraisal and Title Work.
What is a MORTGAGE?
Name all three home styles we learned today.
What are BUNGALOW, RANCH, and COLONIAL?
I determine the estimated market value of the home for the lender. Who am I?
Who is an APPRAISER?
Your electrical bill may be $90 one month and $140 the next month. This is what type of expense?
What is a VARIABLE EXPENSE?