Learn the importance of home ownership

Overview of topics covered in the workshop

Qualifying for a Loan

• Understanding credit scores and their impact
• Gathering necessary financial documents
• Calculating a realistic budget and determining how much can be borrowed
• Exploring different types of mortgages and loan options
• Tips for improving credit score and financial health

Home Shopping

• Identifying needs and wants in a home
• Setting realistic expectations and priorities
• Researching neighborhoods and local amenities
• Working with a real estate agent
• Conducting home inspections and assessing property conditions
• Making an offer and negotiating the price

Contracting for a Home

• Understanding the components of a home purchase contract
• Common contingencies and important clauses to include
• Reviewing disclosure documents and understanding their significance
• Negotiating repairs and contingencies
• Seeking legal advice when necessary

Closing

• Explaining the closing process and timeline
• Reviewing closing costs and their breakdown
• Role of escrow and title companies
• Finalizing mortgage details and signing loan documents
• Conducting a final walk-through before closing
• Exchanging keys and officially becoming a homeowner