Finding a House

Reorder

Reorder steps 1-5 of the home buying proces.

• Save for your down payment

• Know your credit score

• Find a real estate agent

• Get pre-approved

• Find a home

1

2

3

4

5

• 1
• 2
• 3
• 4
• 5

Reorder

Reorder steps 6-10 of the home buying proces.

• Make an offer

• Have a home inspection

• Get a home appraisal

• Close the sale

• Move in

1

2

3

4

5

• 1
• 2
• 3
• 4
• 5

Multiple Choice

What do you think is the benefit of working with an agent during the home buying process?

• They can handle all legal documents and transactions at no cost to the buyer.

• They provide expert knowledge on market conditions and help negotiate better deals.

• They guarantee approval of your mortgage loan.

• They are required to inspect the home for structural issues.

Multiple Choice

A real estate agent can assist a buyer with all of the following, EXCEPT…

• Finding houses that meet a buyer’s needs and financial situation

• Setting up appointments to view homes that a buyer is interested in

• Removing negative information from a buyer’s credit report to get better interest rates

• Scheduling home inspections and appraisals after a buyer has made an offer on a property

Multiple Select

A mortgage pre-approval is a document from a lender that includes:

• How much of a loan you qualify for

• What type of loan you qualify for

• What kind of house you want to buy

• All of your credit card history

• Which houses you want to put offers in for

Multiple Choice

What is the purpose of mortgage pre-approval?

• Getting preapproved gives you access to money to be used for a down payment

• Getting preapproved shows a seller that you’re a serious homebuyer that can secure a mortgage

• Getting preapproved helps increase your credit score so that when you apply for a mortgage you can get the best rates

• Getting preapproved puts you first in line to buy a house if you choose to make an offer

Multiple Choice

How often should you renew your pre-approval?

• Every 60 to 90 days.
• Every 30 to 40 days.

• Every 6 months.
• Once a year.