Term
| 9 Processes of Buying a House |
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Definition
1. Financial Planning
2. Prequalify for loan
3. Shop
4. home options/ features ( new vs. old)
5. make an offer
6. agreeing to purchase
7. Home Inspection
8. homeowners insurance
9. closing the deal |
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Term
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Definition
| $500-$1000 goes toward your down payment. telling realtor your serious |
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Term
Adjustable rate
vs.
Fixed rate |
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Definition
ar- will fluctuate
fr- will stay the same |
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Term
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Definition
most common type of mortgage people use
have mortgage for 15 or 30 years |
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Term
Custom Built House
good
and
bad |
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Definition
good- get what you want: unique
bad- cost more |
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Term
Buying an older house
good and bad |
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Definition
good - cheaper
bad - overhead/ have to fix things |
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Term
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Definition
location- better where people migrate
design
taxes
improvements |
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Term
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Definition
| find a house for you no matter what no matter what company |
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Term
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Definition
appraisal fee- inspect how much it is
fee for credit report
home inspection
attorney fee to oversee it |
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Term
| To think about when choosing a checking account |
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Definition
- what you need
- features
- what you get charged for
- check for insurance fees |
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Term
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Definition
- in pen
- write it out
- date
- name
- address
- phone #
- check # |
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Term
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Definition
- deposit ticket
- get money out |
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Term
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Definition
| having convenience of monitoring money |
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Term
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Definition
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Term
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Definition
- pin
- takes money right away
- not charge cards |
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Term
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Definition
- signature
- get points
- process later |
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Term
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Definition
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Term
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Definition
| write your name for deposit only |
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Term
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Definition
| stamp or both sign or one of two |
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Term
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Definition
find offers
interest rates
points/ cash back
late fees
interductry fee |
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