Tri-Churches
Housing, Inc.
815
Scott Street
Baltimore,
Maryland 21230
p.
410-385-1463
f.
410-752-4643
1. Education is the Key!! Become informed by attending workshops, housing fairs to decide whether home ownership is right for you. Understand the dangers of predatory lending and flipping.
2. Housing Counseling: Talk to a professional about budget and credit issues and the home buying process.
3. Credit Review: Understand your credit report and credit score, how a lender looks at your credit history, non-traditional credit and more.
4. Pre-Qualification: Understand income to debt ratio calculations and understanding how to determine your affordability vs. comfort level.
5. Shopping for a Home: Working with a buyers agent and understanding the…
6. Contract of Sale: Understand Buyer/Seller legal rights and agreements.
7. Financing: Determining what type of mortgage is best for you. Understanding the appraisal and the Good Faith Estimate.
8. Home Inspection: Why you need this and why you should go to the inspection.
9. Closing: Home Owners Insurance, the role of the Title Company, Who pays what, Understanding the HUD1 document
10. Post-Purchase: Budgeting for maintenance and repairs, foreclosure prevention, Loss Mitigation options should you face delinquency or mortgage default.