Marriage Money Bootcamp/DIY Financial Planning: Home Purchase

  • $129

DIY Financial Planning: Home Purchase

Step by Step Financial Planning for your First Home

Overview

The average home buyer prospect spends over 52 hours figuring out the finances for their home purchase.

Do it the right way, in less time than it takes to watch a movie.

This course is taught by professional financial planners who are experts in the field. We'll guide you through the process of getting your finances in order through strategies, exercises, and templates used by actual certified financial planner's.

***Here's the outline, and check out the preview videos below.***

Here are some of the topics that we cover:

Home Purchase Fundamentals
  • Reasons why home ownership is key to long term financial (and non financial) success
  • Tax advantages and inflation protection
  • Owning vs renting comparison and timing consideration

Should I Rent or Buy?
  • What's costs are included in down payments?
  • Work through a spreadsheet that outputs cost to own and how much you would save relative to renting

Intro to Mortgages
  • What 2008's recession taught us about mortgages
  • Why to avoid just accepting a lender's initial offer
  • ARM vs Fixed mortgages and avoiding PMI

Calculate Total Monthly Housing Cost
  • Uncover total costs including monthly taxes, home owners insurance, etc.
  • How banker's use front/back-end ratio to determine how much you can afford per month
  • Factoring in existing debts and why to address credit card payments first!

Calculate How Much Mortgage You Can Afford
  • Can you afford this house? Getting to a clear yes or no.
  • Summing up monthly housing costs
  • Affording a down payment is not the same as affording a home

Calculating Your House Downpayment Spreadsheet Walkthrough
  • Planning for closing costs with an example of an actual closing disclosure sheet
  • Planning for home price inflation
  • Using your saved downpayment funds as an investment first
  • Options to consider if you don't quite have all of the downpayment ready

Credit Score Considerations for a Home Purchase

Contents

Why take this course?
  • 2 mins
  • 176 MB
Preview
Terms of Service - Please Read
    DIY - Home Purchase Planning Full Workbook.xlsx
    • 132 KB
    Intro to Financial Planning for Home Purchases
    • 2 mins
    • 170 MB
    Preview
    Why Home Purchases are Key to Long Term Wealth
    • 8 mins
    • 34.6 MB
    Should I Rent or Buy?
    • 12 mins
    • 58.3 MB
    Intro to Mortgages
    • 5 mins
    • 31.4 MB
    Preview
    Calculating Your Monthly Housing Budget
    • 8 mins
    • 47.2 MB
    How Much Mortgage? How High a Purchase Price?
    • 11 mins
    • 70 MB
    Downpayments: What to consider
    • 8 mins
    • 32.7 MB
    Planning for your Downpayment
    • 5 mins
    • 33.5 MB

    Extra Resources

    Example Closing Disclosure
    • 474 KB
    Checking Your Credit When Considering a Home Purchase
    • 8 mins
    • 42 MB
    Real Estate Glossary.pdf
    • 150 KB

    Plan for a better future, Today!

    After nearly a decade in finance, Richard realized that the resources available for couples starting a financial partnership together were completely inadequate. Glossy books with worksheets just aren't a plausible solution for most busy newlyweds who are far more comfortable operating in a digital medium.  On top of that, CFPs and CPAs are expensive and often out of reach for newlyweds just starting out who can't afford $250/hr consulting rates or who don't have several hundred thousand dollars to invest. Together with Victor (a software engineer) and Trevor, (his business partner and fellow CPA/CFP) we set out to address this problem. We thought to ourselves, what questions are young couples constantly bringing up? What are they all concerned about? How can we package the answers to those questions/concerns into a digital product that's affordable? This was the roadmap for what has become Marriage Money Bootcamp. Richard and the team built a program going through exercises that he's done with hundreds of clients over the years. These same exercises that he's gone through with his wife as well! How much should we save each month for the down payment on a home? What types of college savings plans should we consider for our baby? What's the most practical way to pay off our debts? How do we budget together and set financial goals together? Helping young people answer these questions is our passion. We feel we've done a pretty good job addressing most of these in our course and we hope you join us on the ride!

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    FAQ

    Is this course really created by certified professionals?

    Yes! The team that designed this course are certified professionals.

    Richard Davey is a  CPA, CFP® and managing member of FFG wealth.

    Trevor Scotto is a CPA, CFP® and co-founder of FFG wealth.

    Check out more in-depth bio's at ffgwealth.com!

    What if I have a real estate agent who is helping me out already?

    Real estate agents are often asked to provide financial guidance, but that is outside the scope of their training or expertise.  This course is ideal to be used along with a real estate agent.

    We recommend real estate agents consider suggesting this course to their clients as well.

    Will I really get my money back if I'm not satisfied?

    Yes! Just let us know why and if we can't help get you to a point where you're satisfied with your purchase, and we will refund 100% of your funds (within 30 days of purchase).

    Do I have to complete the course in a certain amount of time?

    Nope! You'll have lifetime access as well as access to any future materials we include! And just let us know if there's something you'd like included!

    What if I have additional questions?

    Feel free to reach out to us! Just click the message icon on the bottom or bottom-left of your screen to message us directly, or send an e-mail to vic@marriagemoneybootcamp.com!