Karen And Bill Fuchs - Realtors - Call 847-683-HOME (4663)


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First Time Buyers
Section Overview
Pros and Cons of Homeownership
Advantages of Homeownership
Possible Drawbacks of Homeownership
"Are You Ready to Buy a Home?" Test
Do You Have a Steady Job History?
Do You Have an Established and Favorable Credit Profile?
Do You Have Money Saved for a Down Payment and Closing Costs?
Can You Afford Monthly Mortgage Payments for the House You Want?
What is a Mortgage Loan?
Mortgage Amount and Term
Amortization
Fixed Interest Rate
Adjustable Interest Rate
Down Payment
Closing Costs
Discount Points
Conforming and Nonconforming Loans
Types of Mortgage Loans
Fixed-Rate Mortgage Loans
   Adjustable-Rate Loans
Government Loans
Balloon Loans
Affordable Housing Loans
Your Down Payment
Your Closing Costs
Your Wish List
Purchasing
Section Overview
Shopping for Your Best Mortage Deal
Lender Comparison Chart
Steps to Apply for a Mortgage Loan
Steps to Take Before You Apply for a Loan
Information Your Lender Needs at Application
Decisions You Make at Application
Application Costs You Pay
   If You Change Your Mind
Application Legal Requirements
Alternative Documentation Loans
What Happens After You Apply?
   Steps Your Lender Follows
Tips to Speed Up the Approval Process
How the Lender Views Your Application
If Your Loan is Denied
Closing on Your Home
Closing Activities Checklist
Closing Costs Checklist
What Happens at Closing
Closing Documents You Receive
In Your New Home
Papers You Must Keep
Making Your Loan Payments
If Servicing of Your Loan Transfers
If You Have Loan Questions
Home Maintenance Checklists
Refinancing
Is Now a Good Time to Refinance?
To Get a Lower Interest Rate Mortgage
To Build Equity Faster
To Switch from an Adjustable-Rate Loan to a Fixed-Rate Loan
To Switch from a Fixed-Rate Loan to an Adjustable-Rate Loan
To Draw on the Equity Already Built Up in Your Home
What is the Refinance Process?
How the Lender Views Your Application
Costs Involved in Refinancing
What Type of Loan Should You Get?
Fixed-Rate Mortgages
Adjustable-Rate Mortgages
Other Types of Mortgages
Shopping for Your Best Mortgage Deal
Lender Comparison Chart
 

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