Actions Panel
First Time Home Buyer Seminar
Come by and learn more about home buying and the mortgage process!
When and where
Date and time
Location
True Homes Copper Ridge 29 Manor Stone Dr Clayton, NC 27527
Map and directions
How to get there
About this event
- Personal financial education towards homeownership
- Credit worthiness and management – the dos and don’ts
- Pre-qualification process
o Pulling credit
o Employment history/income
Self-employed vs. W2 employee
o Assets towards purchase (funds for down payment, closing costs, and reserves)
o Discuss general loan programs and basic requirements (i.e. Conventional, FHA, USDA, VA, State funded DPA programs)
o Understanding loan estimate
- The dos and dont’s during application is in process
- Understanding Appraisal
- Understanding the flow of the application process towards closing
- Shopping for homeowners Ins.
- Understanding Closing disclosure
- Leave time for Q&A
- Other potential topics: the benefits of buy vs renting, update on housing market…