IMPORTANT COVID-19 UPDATES

9780981912806

Don't Rent Buy!

by
  • ISBN13:

    9780981912806

  • ISBN10:

    098191280X

  • Edition: Reprint
  • Format: Paperback
  • Copyright: 2012-09-04
  • Publisher: Don't Rent Inc
  • Purchase Benefits
  • Free Shipping On Orders Over $35!
    Your order must be $35 or more to qualify for free economy shipping. Bulk sales, PO's, Marketplace items, eBooks and apparel do not qualify for this offer.
  • Get Rewarded for Ordering Your Textbooks! Enroll Now
List Price: $19.95 Save up to $1.00
  • Buy New
    $18.95

    USUALLY SHIPS IN 7-10 BUSINESS DAYS

Supplemental Materials

What is included with this book?

Summary

Move Confidently from Renter to Homeowner With expert guidance, suggestions and how-to examples from an acknowledged real estate professional.

Author Biography

Eddie Fadel, active as a managing broker in the real estate industry, began his real estate career as a loan officer in 1997 and formed his own mortgage company in 2004. He has developed a special interest and expertise in guiding first-time homebuyers through the complex and sometimes mystifying process essential to home ownership.

Table of Contents

Prefacep. xiii
Acknowledgmentsp. xix
Forewordp. xxi
Introduction to Homeownershipp. 1
Personal and Financial Advantagesp. 1
Fixed Mortgage Paymentsp. 3
House Value Increasesp. 4
Tax Benefitsp. 4
Your House as your Savings Accountp. 4
Other Advantagesp. 5
Ready or Not?p. 6
Are you Financially Ready?p. 6
Create a Budgetp. 6
Track Non-Housing Expensesp. 7
Track Monthly Expensesp. 8
Monthly Expense Tracking Worksheetp. 9
Analyze your Monthly Incomep. 10
Monthly Income Worksheetp. 11
What Does it Cost to Buy a Home?p. 15
Where will all that money come from?p. 15
Financing Optionsp. 16
Upfront Costsp. 16
The Down Paymentp. 16
Low Down Payment Mortgage Solutionsp. 17
Government Agenciesp. 18
HUD/FHAp. 18
Ginnie Maep. 19
Department Of Veterans Affairsp. 19
Closing Costsp. 21
Settling-In Costsp. 21
Ongoing Costsp. 22
Ready or Not?p. 22
It's Time to Get Pre-Approvedp. 25
What do I do now?p. 25
Pre-approve or Pre-qualify?p. 26
Lending Professionalsp. 27
Lenderp. 27
Mortgage Brokerp. 27
Internet Bankingp. 28
Qualifying Guidelinesp. 28
What Lenders Look Forp. 29
Incomep. 29
Employment Historyp. 30
Interest Rates/Termsp. 33
Debtp. 34
Credit Historyp. 36
Your Credit Report Can Be Decisive!p. 37
If Your Credit Report Is Favorablep. 38
If Your Credit Report Is Unfavorablep. 38
If Your Credit Report Is Wrongp. 39
More Credit Information is Availablep. 39
Non-Traditional Credit Historyp. 39
Savings Accountsp. 40
What's Next?p. 41
Pre-Approval Checklistp. 42
What Do You Want In a Home?p. 43
Decisions… Decisions…p. 43
Do You Know What You're Looking For?p. 44
Lifestyle Featuresp. 45
New House or Old?p. 45
Locationp. 46
Sizep. 47
Types of Homesp. 48
Single-Family Detachedp. 48
Condominiump. 49
Townhousep. 50
Co-opp. 50
Duplexp. 51
Style, Construction Material, and Morep. 52
Develop a Wish Listp. 52
New Home Wish Listp. 53
How to Find an Agentp. 55
I need a Real Estate Professional!p. 55
Experience Countsp. 56
Qualities of a Good Agentp. 57
Who Pays Your Agent?p. 58
Types of Agentsp. 59
Broker/Salespersonp. 59
Agentsp. 59
Realtorp. 60
Part/Full Time Agentsp. 60
Commit to your Agentp. 60
Looking For a Homep. 63
Expect to Make Compromisesp. 63
Locating Homes For Salep. 65
Classified Adsp. 65
Word of Mouthp. 66
For Sale Signsp. 66
New Constructionp. 68
Record Keepingp. 69
Gift Programsp. 71
Negotiating the Purchasep. 73
Decision Making Factorsp. 73
Considerationsp. 74
Local Market Valuep. 74
Condition of the Propertyp. 76
Sellers Circumstancesp. 77
Price You Can Affordp. 78
Seller's Contributionp. 78
Strategize your Negotiationp. 79
Local Market Conditionsp. 80
Condition of the Propertyp. 80
Sellers Circumstancesp. 80
Price you can Affordp. 81
How much is your down payment?p. 81
Is this Property Affordable?p. 81
Negotiating the Purchase Offerp. 83
Pricing the Offerp. 84
Submitting the Offerp. 85
The Purchase and Sale Agreementp. 86
Legal Descriptionp. 86
Earnest Moneyp. 87
Offer Pricep. 87
Down Paymentp. 88
Financing Termsp. 88
Personal Propertyp. 88
Closing and Occupancy Datesp. 88
Expiration Date of the Offerp. 89
Contingency Requirementsp. 89
Financing Contingencyp. 89
Inspection Contingenciesp. 90
Appraisal Contingencyp. 91
Clear Titlep. 91
Other Provisionsp. 91
Repair Workp. 91
Walk-through Inspectionp. 92
Negotiating the Counterofferp. 92
You Have a Dealp. 93
Disclosure and Home Inspectionsp. 95
The Real Estate Transfer Disclosure Statementp. 95
When State Law does not require Disclosurep. 96
Disclosure and Government Loansp. 96
The Disclosure Formp. 96
The Home Inspectionp. 97
The Preliminary Home Inspectionp. 98
Step 1 û Interviewp. 98
Step 2 û Examinep. 99
Step 3 û Analyzep. 100
The Professional Home Inspectionp. 101
Choosing your Inspectorp. 102
Scope of the Inspectionp. 103
Insurance Coveragep. 103
Your Rolep. 104
Outcome of the Home Inspectionp. 104
Obtain a Mortgagep. 107
Shopping, Comparing and Negotiatingp. 107
Mortgage Lender or a Mortgage Broker?p. 109
Mortgage Bankerp. 112
Mortgage Brokerp. 112
Fixed Rate or Adjustable Rate Mortgage?p. 113
Discount Pointsp. 115
Loan Origination Feesp. 115
Interest ratep. 115
Transaction, Settlement or Closing Costsp. 116
Mortgage Insurancep. 116
Private Mortgage Insurancep. 117
Mortgage Insurance Premiumsp. 117
The "1003" Applicationp. 122
Disclosuresp. 123
Title Search and Title Insurancep. 125
Property Insurancep. 125
Underwritingp. 125
Close the Dealp. 127
The Real Estate Settlement Processp. 127
Itemized Settlement Costsp. 130
How to Contact Credit Reporting Agenciesp. 137
Federal Programsp. 147
Good Faith Estimate Settlement Statementp. 153
Residential Sales Contractp. 161
State Housing Finance Agenciesp. 175
Key Internet Information Resourcesp. 181
Glossaryp. 183
Indexp. 219
Table of Contents provided by Ingram. All Rights Reserved.

Rewards Program

Write a Review