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Course Summary
Course Summary

Let's review the information in this course and the steps to homeownership.

1. Decide if homeownership is right for you? Homeownership has it's advantages

and disadvantages. You have to weigh the pros and cons and determine what
makes the most sense for you and your family.

2. Determine how much you can afford. We looked at the components of the
mortgage process, discussed how to determine your affordability, and looked at the
other costs of homeownership.

3. Analyze how you spend your money. In this section we looked at your financial
situation and how it fits in with homeowenrship. We discussed setting a realistic
spending plan for your money, and how to make adjustments when needed.

4. Work on your credibility. We looked at the 4 C's of credit, and how to order your
credit report and find your credit score. We discussed reviewing and understanding
how it affects your homeownership ability. We even talked about student debt!

5. Find a loan and get pre-approved. We discussed how to shop around for the
best lender and loan product to meet your homeownership goals. We discussed
different types of mortgage lenders, how to find down payment assistance, and
other mortgage terms and costs.

6. Select your loan. We discussed finding the best mortgage for you, and
reminded you to shop around. Don't be afraid to shop around. We gave you some
questions to ask yourself, and discussed how to avoid pitfalls.

7. Decide what kind of home you want. We looked at how to find a neighborhood
that meets your needs, and the different types of homes and homeownership.

8. Shop for a home. We talked about how to work with a real estate professional,
went on the joy of house hunting, and discussed how to compare houses on the
market in the area you want to live.

9. Make and offer. Once you have found your dream home, it's time to make an
offer. How much is a house worth? We talked about how to submit a proposal, and
negotiating with the seller.

10. Get a professional home inspection. Once your offer has been accepted, you
should get a home inspection. We discussed what is included in the inspection,
and how to find an inspector to help you.

11. Get your loan approved. Now the loan approval process takes place, called
underwriting. We discussed this process, and talked about your rights.

12. Manage the escrow process. When your house in in escrow, it's time to get it
surveyed, and obtain insurance.

13. Close the loan. We talked about the closing, the costs associated with the
closing and the mountain of documents involved.

14. Move in to your new home. Finally you are moving in! We discussed getting
to know your home, how to keep your home safe and sound.

15. Protect your investment. Your home is likely your biggest investment. We
discussed how to protect your investment, how to understand potential tax
benefits, and what to do if you run into hardship issues.

We hope you have enjoyed your experience with eHome America, and are a
successful homeowner for years to come. We now ask that you take our survey to
tell us how we did, and complete one more learning check and then you will reach
the congratulations page of the course!

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