Introduction As you know, owning a Home is part of the American Dream. The purpose of this course is to give you important information in your decision to purchase a home. The process of purchasing a home includes the following steps: 1. The intention : whether or not you would like to purchase a home 2. The Action: - Seeking for information - Assessing your financial situation - Budgeting - Checking affordability Vs Availability - Getting pre-approved by a lender - Contact a Realtor - Shopping on the Market 3. Conclusion - Processing the deal : contract, mortgage approval, inspection - Closing Why seeking information You seek information to demonstrate to a prospective lender that you have the knowledge and technical capability, associated to a sound financial situation, to purchase a home. It is recommended sometimes that a Counseling Agency presents you to a bank. The 4 classes we will talk about the following topics : - Class 1 – Consumer Protection Acts - Class 2 – Credit Reporting - Class 3 – Banking & Budgeting - Class 4 –Budgeting - Class 5 – Becoming Homeowner, what does it mean? - Class 6 – Financing - Class 7 – Shopping for Home Purchase |

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