How to Buy a House home

Learn the basics

1.

The Basics

2.

How much home can you afford?

3.

The Down Payment

4.

The Loan

-

Assuming a Loan

-

Owner Financing

5.

Qualifying for a loan

6.

Understand Closing Costs

Do the groundwork

7.

Get your finances in order

8.

Clean Up Your Credit Record

9.

Establish Credit if you don't have any

The Process

10.

Find a Lender

11.

Evaluate the bank's offer

12.

Start looking at houses

13.

Get the Disclosure

14.

Make an offer / Sign a Contract

15.

Have the House Inspected

16.

Problems on the Inspection?

17.

Renegotiate the terms

18.

Appraisal, Survey, & Insurance

19.

Appraisal went through?

20.

Closing!

After the purchase
Avoding scams
More about Mortgages
How much loan can you get?
Understand Compound Interest
Paying off a 30-yr. loan in 15 yrs.
Private Mortgage Insurance
Other Appendices
Renting vs. Buying: Which is better?
Paying cash vs. getting a loan
The Debt Ratio
Figuring your monthly pmt.
If you won't live long enough to pay off the mortgage
Tax breaks are actually welfare for the rich
Other
Links to helpful sites
Fan Mail
Michael Bluejay's home page
Email Me

How to Buy a House

VA Loans

VA Mortgage Center. Loans and Refinancing here.

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I'm a real estate investor. I've bought and sold a few homes so I'm in a good position to explain how to buy a house to first-time home buyers. I'm not a realtor, and I'm not trying to sell you anything. I created this site only to share my knowledge of home-buying with others; I wanted to create the guide that *I* wish I had when I was a rookie home buyer.

This is not an exhaustive guide -- I don't cover every single possible detail related to buying a house. On the other hand, this site contains a lot more than a typical pamphlet or even what you'd learn from most realtors. Certainly many people have bought houses without knowing nearly this much . (Including me, when I bought my first home.) We'll cover such things as:

...and lots more. The full list of topics is on the left, and you can step through them one at a time by following the "Next:" link on the bottom of each page.

I believe everything here to be accurate, but of course it's "use at your own risk". And by the way, I have no idea whether the house-buying info listed here applies anywhere outside the USA.

Ready to get started? Then go to the first lesson: The Basics of Buying a House.

-- Michael Bluejay

Next: The Basics

 

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