WORKBOOK
Resources| Worksheets| Quick Tips
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1
WELCOME
- WELCOME
- THE BASICS
- CHECKLIST | STEPS TO BUY A HOME
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2
FAIR HOUSING LAWS | CONSUMER RIGHTS | WHOSE PROTECTING YOU
- WHY YOU NEED TO BE IN THE KNOW ON CONSUMER PROTECTIONS
- CALIFORNIA FAIR EMPLOYMENT AND HOUSING LAWS
- FAIR HOUSING
- EXAMPLES OF PREDATORY LENDING
- TIPS FOR PROTECTING YOURSELF FROM PREDATORY LENDERS
- THINK YOU HAVE BEEN A VICTIM OF PREDATORY OR DISCRIMINATORY ACTION - VIEW WHOSE PROTECTING YOU
- BEING EVICTED TENANT RIGHTS LANDLORD RIGHTS
- LOS ANGELES COUNTY TENANTS FACING EVICTION RESOURCES
- CONSUMER FINANCIAL PROTECTION BUREAU
- MORTGAGE DISCRIMINATION
- ANTI-DISCRIMINATION CONTACTS HOUSING & BANKING
- COMPLAINT REALTOR | MORTGAGE LOAN PROFESSIONAL
- RECAP ON THIS SECTION | FAIR HOUSING LAWS & CONSUMER RIGHTS
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3
HOME OWNERSHIP | IS IT RIGHT FOR ME?
- HOMEBUYING | IS IT RIGHT FOR ME?
- THE BENEFITS AND BARRIERS OF HOMEOWNERSHIP
- IDENTIFYING A CPA TO WORK WITHIN YOUR STATE
- IRS FIRST TIME HOME BUYER CREDITS
- RECAP ON THIS SECTION | HOME OWNERSHIP | IS IT RIGHT FOR ME?
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4
AFFORDABILITY | IS A FACTOR
- UNDERSTANDING AFFORDABILITY WHEN BUYING A HOME
- HOW MUCH DO I QUALIFY FOR
- PREQUALIFYING FOR YOUR MORTGAGE WORKSHEET
- RECAP ON THIS SECTION | AFFORDABILITY IS A FACTOR
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5
GET TO KNOW YOUR MONEY
- PERSONAL FINANCE
- CALCULATING GROSS MONTHLY INCOME FOR AFFORDABILITY
- DOCUMENTS NEEDED TO FURNISH PROOF OF INCOME
- GOAL SETTING WORKSHEET & GOAL REMINDER CARD
- RECAP ON THIS SECTION | MONEY
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THE "B" WORD | $AVE DAT $$MONEY$$
- PERSONAL EXPENSES
- WHY CREATE A SPENDING PLAN
- LIST OUT INCOME & ALL THOSE EXPENSES & WHAT YOU LIKE TO SPEND DAT $$MONEY$$ ON
- LETS GET STARTED
- FINANCIAL WORKSHEET INCOME & EXPENSES
- MONTHLY PAYMENT SCHEDULE EXPLAINED
- MONTHLY PAYMENT SCHEDULE
- FORGE AHEAD
- MONTHLY SPENDING PLAN
- 30 DAY CHALLENGE
- MONTHLY SPENDING PLAN NOW AND WITH THE HOUSE
- HOW TO MANAGE AND REDUCE YOUR DEBT
- RECAP ON THIS SECTION| THE "B" WORD | $AVE DAT $$MONEY$$
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7
CREDIT | YOUR FINANCIAL RESUME
- CREDIT REPORTING
- ACCESSING YOUR CREDIT REPORT FROM MAJOR 3 & WHERE TO PULL YOUR CREDIT SCORE
- FREE ANNUAL CREDIT REPORT: WHATS IN IT FOR YOU
- HOW CAN YOU REQUEST YOUR CREDIT REPORT
- HOW DO YOU KNOW WHAT YOUR CREDIT REPORT SAYS
- WHAT IF YOUR CREDIT REPORT HAS INCORRECT INFORMATION
- WHAT EXACTLY IS A CREDIT SCORE
- HOW IS YOUR CREDIT SCORE DETERMINED
- HOW TO GET YOUR CREDIT SCORE
- HOW CREDIT SCORES ARE USED BY LENDERS
- SIX WAYS TO IMPROVE YOUR CREDIT SCORE
- WORKING WITH HOUSING | CREDIT COUNSELORS
- AVOID IDENTITY THEFT
- WHAT TO DO IF YOU BECOME A VICTIM
- RECAP ON THIS SECTION | CREDIT | YOUR FINANCIAL RESUME
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8
ASSEMBLING | REALLY BIG TEAM
- WHO'S ON YOUR HOME PURCHASING TEAM
- YOUR HOME BUYING TEAM
- PROSPECTIVE LOAN OFFICER INTERVIEW QUESTIONS
- PROSPECTIVE REALTOR INTERVIEW QUESTIONS
- HOME INSPECTORS
- WHY IS HAVING A HOME INSPECTION SO IMPORTANT?
- SOONER IS BETTER THAN LATER
- WHO IS THE HOME INSPECTOR
- OTHER TIPS DURING HOME INSPECTION
- HOW TO CHOOSE A HOME INSPECTOR
- 10 IMPORTANT QUESTIONS TO ASK YOUR HOME INSPECTOR
- FOR YOUR PROTECTION GET A HOME INSPECTION
- RESIDENTIAL LEAD BASED PAINT HAZARD REDUCTION ACT OF 1992 aka Title X
- THE INSPECTION REPORT
- WHY YOU SHOULD ATTEND THE INSPECTION
- HOW LONG IS THE INSPECTION REPORT GOOD ?
- APPRAISAL VS INSPECTION
- WHAT TO ASK THE OTHER LICENSED PROFESSIONALS
- CAN THE HOME INSPECTION AFFECT NEGOTIATIONS
- RECAP ON THIS SECTION | ASSEMBLING | REALLY BIG TEAM
- THE DIFFERENCE BETWEEN A ROOF INSPECTION AND CERTIFICATION
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9
WHAT IS THIS TALK OF DOWN PAYMENT? | WHERES THE MONEY
- HOME OWNERSHIP MADE AFFORDABLE
- CENSUS DEMOGRAPHIC INFORMATION TO HELP WITH DOWN-PAYMENT ASSISTANCE PROGRAM REQUIREMENTS
- STATEWIDE INCOME LIMITATIONS
- REQUEST MILITARY SERVICE RECORDS
- MORTGAGE CREDIT CERTIFICATE MCC
- SAMPLE MCC MORTGAGE CREDIT CERTIFICATE
- DOWNPAYMENT ASSISTANCE RESOURCES
- HOUSING CHOICE VOUCHER
- RECAP ON THIS SECTION | WHAT IS THIS TALK OF DOWN PAYMENT? | WHERES THE MONEY
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10
FINDING THE RIGHT LENDER | UNDERSTAND MORTGAGE CATEGORIES & TYPES
- WORKING WITH THE LENDER
- DIFFERENT TYPES OF LENDERS | FINDING A LENDER
- WHAT QUESTIONS SHOULD YOU ASK THE LOAN OFFICER WHEN GETTING TO KNOW THEM ?
- PROSPECTIVE MORTGAGE LOAN OFFICER INTERVIEW QUESTIONS
- MAJOR LOAN CATEGORIES
- DIFFERENT TYPES OF LOANS
- MORTGAGE LOAN COMPARISON SHEET
- TYPES OF LOANS PROS AND CONS
- MORTGAGE TYPE & WHATS NEEDED CHEAT SHEET
- DIFFERENT TYPES OF FHA LOANS
- WHAT IS ENERGY EFFICIENT MORTGAGE
- FHA MORTGAGE LOAN LIMITS NATIONWIDE
- HOW MUCH DOWN-PAYMENT FHA OR CONVENTIONAL LOAN ELIMINATES MORTGAGE INSURANCE PREMIUMS
- MORTGAGE TERMINOLOGY
- WHAT YOUR LENDER WILL NEED?
- QUESTIONS TO AS MORTGAGE LOAN OFFICER MORTGAGE BROKER DURING MEETING ABOUT YOUR LOAN
- AMOUNT IN FEES YOU CAN EXPECT PER STATE
- WHAT HAPPENS NEXT ?
- SAMPLE UNIFORM LOAN APPLICATION 1003
- LOAN ESTIMATE EXPLAINER & SAMPLE CLOSING COST DISCLOSURE EXPLAINER
- WRITTEN LIST OF SERVICE PROVIDERS
- PITI PRINCIPAL INTEREST TAXES INSURANCE
- WHO'S WHO IN THE LOAN APPROVAL PROCESS
- THE APPRAISAL
- WHO ORDERS THE APPRAISAL?
- WHAT IF THE APPRAISAL IS LESS THAN THE SALES PRICE ?
- DISCOUNT POINTS
- ESCROWS
- INTEREST PAYMENT ESCROW
- WHEN YOU CLOSE MAKES A DIFFERENCE
- PRE QUALIFICATION AND PRE APPROVAL: WHATS THE DIFFERENCE?
- Prequalifying Worksheet
- RECAP ON THIS SECTION | MORTGAGE CATEGORIES & TYPES
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SHOPPING FOR YOUR NEW HOME
- ROLE OF THE REALTOR | REAL ESTATE AGENT | REAL ESTATE BROKER
- WHY USE A REAL ESTATE AGENT
- CHOOSING A REAL ESTATE AGENT | WHAT IS A REALTOR
- HIRING INTERVIEW QUESTION FOR YOUR POTENTIAL REAL ESTATE AGENT | REALTOR
- PROSPECTIVE REALTOR INTERVIEW QUESTIONS RESPONSE WORKSHEET
- WHAT IS THE ROLE OF THE REAL ESTATE AGENT?
- HOW REAL ESTATE AGENTS ARE PAID
- THE BUYER BROKER AGREEMENT
- TOOLS OF THE TRADE (MLS) MULTIPLE LISTING SERVICE
- COMPARE AND SHOP
- HOUSING EVALUATION CHECKLIST
- HOMEBUYERS WISHLIST
- CONSIDERATIONS WHILE SHOPPING FOR A HOME
- HOME TOUR WORKSHEET
- WHAT IS A CONDOMINIUM? WHAT IS A TOWNHOUSE?
- HOW TO BUY NEW CONSTRUCTED HOME ?
- 10 THINGS TO DO WHEN BUYING NEW CONSTRUCTION
- 18 QUESTIONS FOR THE BUILDER
- MEGAN'S LAW
- GREAT SCHOOL Trusted ratings and school information help parents find the right school for their family
- TITLE INSURANCE
- 21 REASONS YOU NEED TITLE INSURANCE
- MAKING AN OFFER WHAT TO ASK FOR
- MAKING AN OFFER 8 HUGE MISTAKES
- WHO PAYS WHAT BETWEEN THE BUYER AND THE SELLER REFER TO PAGE 14 OF THIS PDF
- NEGOTIATING THE CONTRACT
- INSURANCE QUESTIONS TO ASK WHEN SUBMITTING OFFER
- FLOOD INSURANCE| ELEVATION CERTIFICATE AKA FLOOD CERTIFICATE| FEMA NATIONAL FLOOD TOP TEN FACTS FOR CONSUMERS
- HOLDING TITLE OF THE PROPERTY
- HOLDING TITLE OF THE PROPERTY
- PRICING INSURANCE QUOTES
- SAMPLE HOME INSURANCE DECLARATION PAGE
- DON'T BUY ANYTHING ON CREDIT BEFORE CLOSING
- MYTHICAL PROPERTIES
- SHORT SALES |FORECLOSURE |BANK OWNED PROPERTY REO
- FORECLOSED PROPERTIES
- WHAT IS A SHORT SALE
- RECAP ON THIS SECTION | SHOP
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EVERYTHING YOU NEED AND MORE ON INSURANCE| INSURANCE EQUAL ASSURANCE
- SHOPPING AROUND FOR THE BEST COVERAGE
- KEY INSURANCE CONCEPTS
- WHAT IS HOMEOWNERS INSURANCE ?
- COVERAGE IN A STANDARD HOME OWNERSHIP POLICY
- DETERMINING HOW MUCH INSURANCE YOU NEED
- SAMPLE INSUARANCE DECLARATION PAGE ALSO KNOWN AS THE DECK PAGE
- INSURANCE CHECKLIST FOR HOMEBUYERS
- HOME INVENTORY TYPES
- RECAP ON THIS SECTION| INSURANCE EQUALS ASSURANCE
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13
PREPARATION FOR THE CLOSE
- REITERATED DON'T BUY ANYTHING ON CREDIT BEFORE CLOSING
- CHECKLIST FOR MORTGAGE CLOSING
- WHO IS RESPONSIBLE FOR CLOSING THE LOAN
- STOP AND READ DON'T BUY ANYTHING ON CREDIT BEFORE CLOSING
- TITLE INSURANCE
- FINAL WALK THROUGH
- RESCISSION | RIGHTS OF CONSUMER
- RECAP ON THIS SECTION | PREPARATION
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14
THE CLOSING DAY IS FINALLY HERE
- THE LOAN CLOSING
- THE CLOSE TIME LINE SCHEDULE
- TITLE INSURANCE REVISTED
- WHAT LEGAL DOCUMENTS WILL YOU NEED TO REVIEW
- WHAT TO BRING TO THE CLOSING
- QUESTIONS TO ASK ABOUT YOUR LOAN
- LOAN ESTIMATE EXPLAINER & SAMPLE CLOSING COST DISCLOSURE EXPLAINER
- CLOSING DAY | YOUR A HOMEOWNER
- NOW YOUR A HOMEOWNER MOVING CHECKLIST
- RECAP ON THIS SECTION | THE CLOSING DAY IS FINALLY HERE
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NOW I'M A HOMEOWNER
- LIFE AS A HOMEOWNER
- KEEP GOOD FINANCIAL HABITS
- MONTHLY PAYMENT SCHEDULE
- MONTHLY SPENDING PLAN
- LIST OF INCOME & EXPENSES
- HOME INVENTORY WORKSHEET
- 21 FREQUENTLY ASKED QUESTION REGARDING HOME WARRENTY
- RESALE & NEW HOME WARRANTY PROTECTION
- BEWARE OF JUNK MAIL | BECAUSE OF IDENTITY THEFT
- WATCH OUT FOR SCAM ARTIST
- IRS NONPROFIT ORGANIZATION CHECK - BEFORE YOU MAKE A DONATION
- WHOSE PROTECTING YOU
- HOMEOWNERS GUIDE TO SUCCESS | WHAT IF I CANT PAY MY MORTGAGE
- FORECLOSURE PREVENTION
- IF YOU FACE FINANCIAL HARDSHIP
- ALTERNATIVES TO FORECLOSURE
- HUD APPROVED COUNSELORS NATIONWIDE FREE SERVICE
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16
YOU OBTAINED YOUR HOME NOW ITS TIME TO RETAIN & SUSTAIN YOUR HOME
- IF YOU TAKE CARE OF YOUR HOME IT WILL TAKE CARE OF YOU
- HOME MAINTENANCE
- GET TO KNOW YOUR HOME
- QUESTIONS YOU SHOULD ASK YOURSELF BEFORE PAYING ANY ONE TO DO ANY WORK ON YOUR NEW HOME
- HOME MAINTENANCE CHECKLIST
- HOME IMPROVEMENT | WHY LENDERS REQUIRE TITLE INSURANCE WHEN REFINANCING
- PRIOR TO HIRING A CONSULTANT- VISIT LOCAL HARDWARE STORE AND ASK THE EMPLOYEES FOR DIY Saturday Etc
- 18 QUESTIONS BEFORE WORKING WITH CONTRACTOR OR HOME IMPROVEMENT PERSONNEL
- PROTECTING YOUR HOME FROM TERMITES
- BE PREPARED
- MAINTENANCE CHECKLIST
- MAKE YOUR HOME ENERGY EFFICIENT | OTHER WAYS TO MAKE YOUR HOME ENERGY EFFICIENT
- GET TO KNOW YOUR COMMUNITY
- HOME OWNERSHIP IS A LONG TERM COMMITMENT
- RECAP ON THIS SECTION
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RESOURCES
- GLOSSARY OF TERMS
- MILITARY RESOURCES
- BUYERS RESOURCES
- RENTERS RESOURCES
- GENERAL RESOURCES
- BUYERS INFORMATION GUIDE FROM TITLE COMPANY PERSPECTIVE
- LIST OF ALL CONSUMER REPORTING AGENCIES