The recent housing collapse has changed the home buying process significantly. Where once it was easy
to attain credit, it has become more difficult again and a home’s value as an investment is more uncertain.
Banks have gone back to a more traditional lending approach as a result of the collapse and now having
good credit and a down payment is essential. Lenders are also focused on offering more traditional
mortgage products such as 30- and 15-year mortgages versus the exotic ARMs offered a few years ago.
Buying a home is still an American dream and it is important to understand the process, parties involved
and what is in your financial best interests when making this investment.
At the end of this workshop you will be able to:
• Describe the process and players in purchasing a home
• Describe how credit impacts buying a home
• Identify the costs associated with homeownership
• Calculate the maximum amount you can pay for your home and what you can really afford
• Describe tax issues surrounding home ownership
• Compare various financing options and terms
Target Audience: Any new potential homeowners who are seeking to learn more about navigating the home purchase process
**For Faculty/Staff Only**