How Do You Actually Buy A House?

How Do You Actually Buy A House?

Assessment

Interactive Video

Business

9th - 10th Grade

Hard

Created by

Wayground Content

FREE Resource

The video tutorial provides a comprehensive guide to the home buying process, starting with securing a loan and working with a realtor, to making an offer and closing the deal. It emphasizes the importance of financial preparation and choosing the right team members, such as a loan officer and realtor. The tutorial also covers the option period, the role of the underwriter, and post-closing considerations like mortgage payments and moving costs.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the first practical step to take before finding a realtor?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What information will you need to provide to your loan officer for pre-approval?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors can affect the terms of your loan?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What should you do if you find a major problem during the inspection?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the role of the underwriter in the loan process?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some costs to consider after closing on a home?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

Why is it important to have a good team when buying a house?

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