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