Personal Finance #6-Housing: Purchase vs Renting
Home strategies for making personal housing decisions from a Certified Public Accountant (CPA)
What you will learn:
How to make the home, rent vs buy, decisionProcess for selecting an apartment
How to analyze a lease agreement
Steps for purchasing a home
How to buy a home remotely
How to finance a first time home
How to apply for a mortgage loan
Describe the escrow process
Explain the difference between a loan officer and mortgage broker
List and describe warranties
Perform a loan estimate
Explain the home appraisal process
Define title and explain why it is important
Explain FHA Single Family Title II
Describe mortgage points and how to make decisions related to them
Describe Adjustable-Rate Mortgage (ARM)
Explain what a second mortgage is and when it would be useful