Homebuying Education with Grants *Beta*
Buying your own home will probably be the biggest & best financial purchase of your life. It can be an intimidating & confusing process, but it does not have to be.
This course aims to guide potential homebuyers how to successfully navigate through the financing process. The course is broken up into easy-to-understand videos explaining key terms, processes and guidelines that a homebuyer may encounter during the process.
17 Lessons
Introduction
Introduction
Introduction: Who am I and what you will be learning in the course. Watch this first.
The Basics
Why get pre-approved before searching for homes
Getting a pre-approval is a major advantage in getting an accepted offer It should be your first step in the home buying process..
Getting Credit Qualified
You don't need to have perfect credit, but it still needs to be decent. Here is what lenders are looking for when credit qualifying you.
Getting Income Qualified
How long does a homebuyer have be on a job? What about a recent promotion or raise?
Application Process
What should a homebuyers get ready for the application?
Documents Required
What paperwork or documents are required? Why do underwriters ask for so much information?
Earnest Money
What is Earnest Money? Is it refundable and how much do I need?
Closing Costs
What are closing costs and what should I expect?
Down Payments Requirements
Saving for a down payment before the purchase of a home? Is it necessary?
Debt to income ratios (DTI)
Debt to income is a crucial part of the qualification process. How do you calculate it and what do lenders look for?
Mortgage Insurance
What is mortgage insurance and why it helps first time buyers.
Down Payment Assistance
Salt Lake County Down Payment Assistance
Salt Lake County DPA basic requirements are covered in this video.
Utah County Down Payment Assistance
Utah County DPA basic requirements
Utah Housing Down Payment Assistance - First Home & Home Again
UHC First Home and Home again Down Payment Assistance basic guidelines and description
Utah Housing Down Payment Assistance - Score
UHC Score Down Payment Assistance
Utah Housing Down Payment Assistance - HFA Advantage
UHC Score Down Payment Assistance
Advanced Topics
Adjustable Rate Mortgage (ARM)
This is an advanced course that will dive deep into how an ARM adjusts.