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    A Guide to Buying

    Your First Home

    From the Offices of:

    Jason Holter

    (281) [email protected]

    Heather Helton

    (832) [email protected]

    http://www.houstonmtg.com

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    Table of Contents

    Beginning the Process ................................................................................ 3

    Is Buying a Home Right for YOU? ............................................................ 3

    Im Dealing WithWHO?!........................................................................ 5

    Organization is Key! ................................................................................. 5

    Finding a Home ........................................................................................ 10

    Youve Got it in Your HeadNow Where to Find it? .............................. 11

    Lets Close it Down! .................................................................................. 12

    Im Paying WhoWHAT?!........................................................................ 13

    What Are the Different Charges I Can Expect? ...................................... 13

    One-Time Closing Costs vs. Prepaid Closing Costs............................... 14

    Your Protection ...................................................................................... 15

    Frequently Asked Questions ..................................................................... 16

    What is the difference between pre-qualified and pre-approved? ........... 16

    What is earnest money? ........................................................................ 16

    What is a point? ..................................................................................... 16

    What is title insurance? .......................................................................... 16

    Glossary ................................................................................................... 17

    Addendum ................................................................................................ 20

    Buyers Scorecard.................................................................................. 20

    Time for a Recap! .................................................................................. 21

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    Beginning the Process

    Is Buying a Home Right for YOU?

    In a Nutshell:

    Advantages Disadvantages

    Impact on Taxes Sacrifice MobilityBuilding Equity Necessary UpkeepImprove Credit Rating Possibility of Depreciating Value

    Heirloom Payment ShockPride & Experience Big Investment

    The Long Version:Advantages:

    One of the largest advantages of home ownership is its impact on your taxesmortgage interest and local property taxes on your primary residence may be

    deductible from your federal income taxes. Consult your tax advisor to determine

    which benefits and tax advantages apply to you.

    Equity is an asset that is equal to the portion of your home that you actually own.Equity is determined by calculating the difference between the market value of

    your home and the balance owed on your loan.o Equity builds in two ways:

    Primarily, equity accumulates because a portion of your monthlymortgage payment reduces the principal amount owed on your

    mortgage. Secondarily, equity accumulates as your homes market value

    increases or appreciates.o Homeowners can use equity to take out a second mortgage loan, also

    called a home equity loan. You can secure a home equity loan that has a

    comparatively low interest rate that also includes additional attractive tax

    advantages.

    Owning a home is considered to be one of the best investments and looks goodon your creditjust make sure you are making your payments on time!

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    The ability to pass on a home to children or grandchildren can have an enormousamount of sentimental significance. Your grandchildren may want to raise their

    kids in a house full of happy memories from their childhood.

    Financial advantages aside, owning your own home can instill you with the pride

    and the experience of owning something that is yours. You have the freedom todo with your home anything your creativity can imagine, and the experience of

    ownership can teach you lessons youll always remember.

    Disadvantages:

    The primary disadvantage of owning your own home is the fact that you will

    restrict your mobility. You will not have the freedom of moving around due to

    personal circumstances (new job, illness, divorce, etc.) or even if youre just not

    adapting into the community that you chose as well as you thought you would.

    Before committing to buy, at the very least take careful consideration as to the

    area youll be living and make sure its a place you wouldnt mind staying for a

    while.

    Owning a home comes with the responsibility of maintaining it. If something

    breaks, you can no longer call your landlord or report it as someone elses

    problemYOU must fix it! Make sure that youre able to financially absorb some

    of the problems that may arise after you purchase your home. Keep in mind

    also that older homes usually require more maintenance than newer homes.

    There is a possibility that your home, instead of appreciating to build equity, will

    depreciate over time due to a change in the immediate community or wear and

    tear on the property. This causes your homes value to decrease and has anegative impact on accruing equity.

    Payment shock occurs when an individual who is accustomed to renting

    purchases a house that has a monthly mortgage payment that far exceeds what

    you used to pay for rent. This can happen if originally you were paying rent that

    was considered low in proportion to your income and then applied for the

    maximum mortgage amount available to you.

    o Payment shock may also include the increase in expenses for utilities,

    insurance and maintenance which may have largely been covered by your

    original rental payments.

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    Im Dealing WithWHO?!

    Mortgage Lender

    One of the first and most important resources in home buying is your loan officer. Yourloan officer will play an essential role in your purchase beginning with your

    prequalification and will follow you all the way through closing. Choosing a loan officer

    is important and you need to feel comfortable with him/her. Be sure that he/she

    answers your questions confidently and informatively and does not intimidate you

    youll be working closely with this person so the ability to have a good working

    relationship with him/her is key.

    Real Estate Agent/Realtor

    A Realtor is a person licensed to sell and/or lease real property, acting as an agent for

    others, and who is a member of a local real estate board associated with the National

    Association of Realtors. Your agent should also make you feel comfortable about

    expressing any concerns that you may have. Your agent is responsible for pursuing

    your best interest while negotiating with sellers agents.

    Title Agent

    A title agent provides a legal description of the property and reveals whether there are

    any liens, restrictions or unsettled claims against it.

    Insurance Agent

    Your insurance agent will furnish your homeowners insurance, also known as hazard

    insurance, that many lenders require you to obtain before the final closing.

    Organization is Key!Finances

    Youre going to have an extensive and comprehensive overview taken o f your personal

    finances for at least the last two tax years. Be sure and be ready to get all of that

    information together. The hardest part about getting a mortgage loan is getting thepaperwork done and, by being prepared beforehand, you can expedite the process

    without having to filter through old paperwork late in the game. So what can you do?

    Review Your Credit History: Its a good idea to know and understand what your

    credit score is, as well as review your credit history, as early in the process as

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    possible. Dont let a mediocre credit score deter youyou may still qualify for a

    home loan.

    Gather Your Financial Records:This is where it may get a little tricky. Theres

    a lot of information youre going to need and youre going to need to have it a ll in

    one secure and accessible place.

    Information Required

    Section of Form: Useful Documents:

    Personal Information Social Security Card(s) Drivers License(s) Department of Veterans Affairs (VA)

    Certificate or discharge papers (ifapplicable)

    Present and Former AddressesBorrower Information Current Rental Agreement

    Employment & Income Data Address of Current & PastEmployers

    1 Month Recent Pay Stubs W-2s & Tax Returns for Past 2

    Years Proof of Social Security, Disability

    or Pension Income (if applicable) Lease for Any Investment

    PropertiesAssets 2 Months Recent Bank Statements

    for All Checking & Savings

    Accounts Investment Account Statements

    Debts Monthly Financial Obligations- This includes car payments,

    credit card debt, insurancepayments and other monthlyhousehold expenditures

    Legal Declarations Details on Any Historical Defaults orForeclosures

    Divorce Decrees, MarriageLicenses, etc.

    Property & Real Estate Information Purchase Offer (if completed)

    Consider Your Loan Options: You may also want to know the types of loans

    available, in order to determine which one will suit you best. This is a question

    for your loan officer, but heres a brief description of each:

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    o Conventional Loans this is a type of mortgage in which the underlying

    terms and conditions meet the funding criteria of Fannie Mae and Freddie

    Mac. About 35-50% of mortgages, depending on market conditions and

    consumer trends, are conventional mortgages. There are also established

    guidelines for borrower credit scores, income requirements and minimum

    down payments. For example, most conventional loans require

    somewhere between 5% and 20% down. Loans above the lending limits

    set by Fannie Mae and Freddie Mac are called nonconforming or jumbo

    loans. Most conventional mortgages have either fixed or adjustable

    interest rates. Typical fixed interest rate loans have a term of 15 or 30

    years. A shorter-term loan usually results in a lower interest rate.

    Adjustable-rate mortgages, or ARMs, fluctuate in relation to the rate of a

    standard financial index. Monthly payments can go up or down

    accordingly.

    Cost: Origination fees, down payments, mortgage insurance,points and appraisal fees can mean the borrower has to show up at

    closing with a sizable sum of money out-of-pocket, or be prepared

    to roll over some of these costs into their mortgage amount, which

    may result in a higher loan rate.

    Pros: Conventional mortgages generally pose fewer bureaucratic

    hurdles than FHA or VA mortgages, which may take longer to

    process because of the red tape. Because these mortgages

    generally require higher down payments than the others, home

    equity can build up faster.

    Cons: You'll need excellent credit to qualify for the best interestrates. You will be required to put a minimum of 5% down for your

    down payment with approved credit.

    Who they're good for: Conventional loans are ideal for borrowers

    with excellent credit who have the cash-on-hand to afford a down

    payment of 5% or more.

    o FHA Loans the Federal Housing Administration (FHA), which is part of

    the U.S. Department of Housing and Urban Development (HUD),

    administers various mortgage loan programs. FHA Loans have lower

    down payment requirements and are easier to qualify for than

    conventional loans. FHA loans cannot exceed the statutory limit,

    however, so speak to your loan officer to determine if you will qualify.

    Pros: FHA mortgages require a low 3.5% down payment as

    opposed to conventional loans, which can require as much as 20%

    down. The minimum credit score for an FHA loan is 640.

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    Cons: Upfront mortgage insurance premium, or MIP, and ongoing

    annual premiums add to the overall costs to your loan.

    Who they're good for: The FHA loan program has historically

    been the "go to" product for borrowers with blemished or less-than-

    perfect credit, borrowers with moderate debt-to-income ratios and

    for those who don't have a lot of money for a down payment.

    o VA Loans these loans are guaranteed by the U.S. Department of

    Veterans Affairs allowing veterans and service persons to obtain home

    loans with favorable loan terms, usually without a down payment. In

    addition, it is easier to qualify for a VA loan than a conventional loan.

    Lenders generally limit the maximum VA loan to $417,000. It is important

    to recognize that the U.S. Department of Veterans Affairs does not make

    the loans, it only guarantees loans made by lenders. The VA determines

    your eligibility and, if youre qualified, the VA will issue you a Certificate of

    Eligibility to be used in applying for a VA loan. Cost: Private mortgage insurance is not required, but the VA

    charges an upfront VA funding fee, which can be rolled into the

    loan or paid by the seller. The funding fee helps pay for the cost of

    a VA loan, reducing the cost to taxpayers. The fee can be as low as

    0.5% for Interest Rate Reduction Refinancing Loans, which enable

    veterans to refinance an existing VA loan to one with a lower rate.

    And the funding fee can be as high as 3.3% for subsequent users

    of the VA home loan program. For first time borrowers, the funding

    fee ranges from 2.15% for regular military to 2.4% for Reservists

    and National Guard borrowers. A down payment can result in aneven lower fee. For example, the funding fee for a member of the

    regular military who puts between 5% and 10% down will be

    reduced from 2.15% to 1.5%. For down payments greater than

    10%, the fee goes down to 1.2%. For members of the Reserves or

    National Guard, the fee falls to 1.75% and 1.5%, respectively, in

    these cases.

    Pros: With VA loans, borrowers can qualify for 100% financing of

    the sales price. Veterans do not have to be first-time buyers and

    may reuse their benefit. Private mortgage insurance is not required.

    The loans are assumable by another veteran provided he or she is

    qualified. The seller has the option to assume closing costs and the

    VA funding fee as long as these expenses don't exceed 4% of the

    total loan amount.

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    Cons: The veteran must produce a Certificate of Eligibility, or COE.

    Borrowers may have to pay the VA funding fee, which can mean

    borrowers may end up with a 102% to 103% loan on the property.

    Borrowers must be creditworthythe average credit score for

    borrowers using the VA loan program is 620. Also, a surviving

    spouse must continue to make loan payments if the veteran dies

    before the loan is paid off. Veterans must have received an

    honorable discharge from the U.S. military. Medical and general

    discharges are handled on a case-by-case basis, but are generally

    approved.

    Who they're good for: A VA Loan is best for service men and

    women if you have very little cash-on-hand. In fact, if it can be

    negotiated, the veteran wont pay any money at all if the seller is

    willing to cover the closing costs.

    Now that youre a little more familiar with the financial side of things, its time for the fun

    part getting ready to find your dream home.

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    Finding a Home

    There are several guidelines you should follow when scouting out possibilities for your

    new home. Its a good idea to make a list of details that are important to you and then

    navigate your way down to the least important. That way youre able to find a home that

    suits most all of your needs. Be sure and consider each of the following:

    Location, Location, Location!

    Do I want to live in a rural or urban area?

    Do I want to live close to my job or will I commute?

    Is proximity to schools and parks important?

    Do I want to live in a neighborhood with older or younger residents?

    Do I want to live in a neighborhood with older or newer houses?

    Coast Into the Driveway and I see

    How big is my yard?

    What size lot am I on?

    What kind of housing style would I like to see? (number of floors, etc.)

    Is there landscaping?

    Is there a garage? If so, what size?

    Walking Into the

    Im in my kitchenhow big is it and what amenities does it have?

    Do I want a formal dining room?

    What style of family room am I going through?

    Is there a fireplace?

    How many bedrooms are there?

    Getting ready for workwhat do my closets look like? Walk-in necessary?

    How many bathrooms are there? Are there bathtubs with showers or are the

    amenities separate?

    Even if you fall in love with the first home you see, continue shopping around andviewing other homes. The use of a buyers scorecard (example is attached in the

    Addendum) can help once youve viewed several properties. Also, dont be afraid to

    take pictures and jot down a few notes while surveying each property.

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    Youve Got it in Your HeadNow Where to Find it?

    One option is to contact a real estate agency and make an appointment to meet with a

    real estate agent. Your agent will work for you, using their knowledge of the industry to

    find the home that meets your both your needs and your budget. After having thoughtabout all of the things you would like to have in your home (using the above), your real

    estate agent will have a good idea about where to look and find your ideal home.

    Your second option is to go the old-fashioned way and start hunting on the road. Take

    yourself on a tour of the area that youre considering living in and look for homes with

    For Sale signs out in the lawn. Contact the real estate agent listed on the signs to

    obtain more information about the property.

    With a new age comes new technology and with new technology comes new ways to

    find a home. Theres always the option to begin house-hunting on the internet. Most

    real estate websites have pricing information, photos, listing agent contact information

    and anything else you might need to inquire about a home for sale. It also helps that

    you can define your searches to specific neighborhoods or ZIP codes.

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    Lets Close it Down!

    Youve found your dream home containing all of the necessities on your checklist and

    now youre ready to purchase! The first step is to get in contact with yourreal estateagent and let him or her know that youre ready to make an offer, which is essentially a

    purchase agreement.

    What is a Purchase Agreement?

    A Purchase Agreement is a contract that outlines the details of the property transfer

    between you and the current owner. Basically it spells out the details of your offer. A

    preliminary Purchase Agreement will most likely include the price and other essentials

    to let the buyer know youre interested and at what cost. The final Purchase Agreement

    will include more minute details, such as what furnishings and appliances are included

    in the deal and various contingencies upon which the offer may be dependent (i.e. the

    selling of a property). It may be beneficial for you to consider including a home

    inspection as a contingency. Reasons for this may include:

    To give you confidence in the fact that the systems inspected (heating, cooling,

    electrical and plumbing) work properly.

    To have some recourse if problems are found later.

    To be informed about the house, including learning how the systems and fixtures

    work and should be maintained.

    To get an expert opinion on any renovations or upgrades you may want to make.

    Your final Purchase and Sale Agreement should include:

    Earnest Money Receipt

    Financing Addendum

    Inspection Addendum

    Conditions/Disclosure Addendum

    Contingency Addendum

    Addendum Outlining Special Conditions

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    Im Paying WhoWHAT?!

    What Are the Different Charges I Can Expect?

    Finance Charge

    The finance charge, including the interest expense, represents the major cost beyond

    the purchase price of your home and is specifically the money that you pay to obtain the

    funds to purchase your home and the ability to pay that principle back over time. The

    APR that you receive from your lender, along with the other fees charged by your

    lender, will determine the amount of your finance charge. Federal law requires both of

    these be disclosed in a truth-in-lending statement presented to you before the closing of

    your loan.

    Escrow Account Deposits

    Your loan officer may deposit part of your monthly payments into an escrow account,

    which is an account set up specifically to hold monies used to pay debts as they

    become due. Setting aside this money each month ensures you will have funds to

    cover expenses such as homeowners insurance, private mortgage insurance and

    property taxes when they are due.

    Insurance Policies

    Your lender will most likely require that you hold homeowners insurance in order tominimize the financial loss to both you and your lender in the event of property loss or

    damage due to a fire, storm, or other natural disaster. In addition to hazard insurance,

    some lenders may require specific kinds of natural disaster insurance, such as flood or

    windstorm insurance.

    Some lenders or state governments may also require that you maintain title insurance,

    which protects you against loss caused by defects of title. For instance, if it were

    discovered that another party has a claim, such as a lien, to your home or property after

    you have purchased it (either through the course of a will or collection), you would be

    protected against loss up to a specified amount.

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    One-Time Closing Costs vs. Prepaid Closing Costs

    Buying a home truly does involve more than just having a down payment ready. There

    are several closing costs associated with your purchase that include paying for title

    policies, recording fees, inspections, courier charges, fees that a lender charges, etc.

    Some of these costs youll pay at closing and wont have to worry about again. Othersyoull see on a monthly, quarterly or yearly basis. So which ones which?

    One-Time Closing Costs

    One-Time Closing Costs may also be referred to as Non-Recurring Closing Costs.

    These fees, as the names imply, are one-time charges for items such as:

    Title Policies

    Escrow

    Notary Wire Fees

    Courier/Delivery

    Attorney Fees

    Endorsements

    Recording

    State, County or City Transfer Taxes

    Home Protection Plans

    Natural Hazard Disclosures

    Home Inspection Lender Fees

    Appraisal Fee

    While you may not be responsible for all of these feessome can be negotiated so that

    the buyer is responsible and others simply may not applythese are fees that you must

    pay at the time of closing.

    Pre-Paid Closing Costs

    Your lender will most likely require that you pay some expenses at the closing before

    they are actually incurred. For example, at the time of settlement you must pay theinterest that will accrue from the settlement date until the date of the first monthly

    payment. Lenders may also require that you pay:

    Fire Insurance Premium

    Flood and Windstorm Insurance

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    Property Taxes

    Mutual or Private Mortgage Insurance Premiums

    These are expenses that you will continue to pay throughout the duration of your

    residence at your new home. The time of the year that you close will dictate exactly

    what and exactly how much of these costs you will have to assume before closing.Your lender will be able to outline everything for you when you get preapproved.

    Your Protection

    Youre not alone when you buy your first home and you wont be a victim to sleezy

    crooks like in old movies. There is legislation out there that benefits YOU! As a

    homebuyer in general, youre going to have to put your faith and trust in many different

    institutions represented by many different individuals. When doing so, you should

    always be away of what rights you have and what exists for your protection.

    Real Estate Settlement Procedures Act (RESPA)

    This is a federal law that regulates the settlement practices within the real estate

    industry. RESPA is probably one of the most important laws to familiarize yourself with

    when buying a home. In accordance with RESPA, you have the right to:

    1. Shop for the best loan for you and compare the charges of different mortgage

    brokers and lenders.

    2. Be informed about the total cost of your loan, including the interest rate, points

    and other fees.

    3. Ask for a Good Faith Estimate of all loan and settlement charges before you

    agree to the loan and pay any fees.

    4. Know what fees are non-refundable if you decide to cancel your loan agreement.

    5. Ask your mortgage broker to explain exactly what he or she will do for you, and

    when and under what circumstances payment will be required.

    6. Know what fees the mortgage broker is receiving from you and the lender for his

    or her participation in your loan process.

    7. Ask questions about charges and loan terms that you do not understand.

    8. Receive a credit decision that is not based on your race, color, religion, national

    origin, sex, marital status, age or income source.9. Know the reason why you were denied credit if your loan was turned down.

    10. Ask for the HUD settlement costs booklet Buying Your Home.

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    Frequently Asked Questions

    What is the difference between pre-qualified and pre-approved?

    These terms refer to your status in the loan approval process. Prequalification is a

    determination of your probable ability to obtain a loan. To become prequalified, meet

    with a loan officer or mortgage company. They will help you determine the price you

    can afford for a home based on your monthly income and your current debts, as well as

    the cash you have currently available for a down payment.

    Preapproval means that the mortgage lender has already verified and approved your

    credit and income. Obtaining preapproval early in the process will make your offer more

    attractive to the seller. In many cases, preapproval is required before you can present

    your offer to a seller.

    What is earnest money?

    Earnest money is a good faith deposit submitted with your offer to show the sellers

    that you are serious about purchasing their home. Earnest money is a required part of

    an offer. There is no set amount that is required but the amount sometimes makes a

    difference in the negotiation process. Earnest money eventually becomes part of the

    purchase and will show as a credit to the buyers on the settlement statement drawn up

    by the escrow company. In a typical sale, earnest money will hover around $1000.

    What is a point?A point is equal to one percent of the loan principal. Some lenders charge points, in

    addition to interest and fees, at closing.

    What is title insurance?

    Title insurance protects against loss from any defects in the legal title, liens against the

    property or other adverse claims. The lender usually requires title insurance.

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    Glossary

    Adjustable-Rate

    Mortgage

    Interest rates on this type of mortgage are periodicallyadjusted up or down depending on a specified financial

    index.

    Amortization A method of equalizing the monthly mortgage paymentsover the life of the loan, even though the proportion ofprincipal to interest changes over time. In the early part ofthe loan, the principal repayment is very low, while theinterest payment is very high. At the end of the loan, therelationship is reversed.

    Annual PercentageRate

    The actual finance charge for a loan, including points andfees, in addition to the stated interest rate.

    Appraisal An expert opinion of the value or worth of a property.

    Assessed Value The value placed on a property by a municipality forpurposes of levying taxes. It may differ widely fromappraised or market value.

    Balloon Payment A large principal payment due all at once at the end ofsome loan terms.

    Cap A limit on how much the interest rate can change in an

    adjustable-rate mortgage.

    Certificate of Title A document, signed by a title examiner, stating that aseller has an insurable title to the property.

    Closing The deed to a property is legally transferred from seller tobuyer and documents are recorded.

    Closing Costs All financial transactions required to make the contractfinal.

    Commission A fee (usually a percentage of the total transaction) paid toan agent or broker for services performed.

    Comparative MarketAnalysis (CMA)

    A survey of the attributes and selling process ofcomparable homes on the market or recently sold; used tohelp determine a correct pricing strategy for a sellersstrategy.

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    Contingency A condition in a contract that must be met for the contractto be binding.

    Contract A binding legal agreement between two or more parties

    that outlines the conditions for the exchange of value (i.e.money exchanged for title to property)

    Deed A legal document that formally conveys ownership of aproperty from seller to buyer.

    Down Payment A percentage of the purchase price that the buyer mustpay in cash and may not borrow from the lender.

    Equity The value of the property actually owned by thehomeowner: purchase price, plus appreciation, plus

    improvements, less mortgages and liens.

    Escrow A fund or account held by a third-party custodian untilconditions of a contract are met.

    Fixed-Rate Mortgage Interest rates on this type of mortgage remain the sameover the life of the loan.

    Fixture A recognizable entity (such as a kitchen cabinet, drape orlight fixture) that is permanently attached to a property andbelongs to the property when it is sold.

    Hazard Insurance Compensates for property damage from specified hazards,such as fire and wind.

    Interest The cost of borrowing money, usually expressed as apercentage rate.

    Lien A security claim on a property until a debt is satisfied.

    Listing Contract An agreement whereby an owner engages a real estatecompany for a specified period of time to sell a property,for which, upon the sale, the agent receives a commission.

    Market Price The actual price at which a property is sold.

    Market Value The price that is established by present economicconditions, location and general trends.

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    Mortgage Security claim by a lender against a property until the debtis paid.

    Multiple Listing Service(MLS)

    A system that provides to its members detailed informationabout properties for sale.

    Origination Fee An application fee for processing a proposed mortgageloan.

    PITI Principal, interest, taxes and insurance, forming the basisfor monthly mortgage payments.

    Point One percent of the loan principal. Its charged in additionto interest and fees.

    Prepayment Penalty A fee paid by a borrower who pays off the loan before it is

    due.

    Principal One of the parties to a contract; or the amount of moneyborrowed, for which interest is charged.

    Pro-Rate Divide or assess proportionally.

    Settlement All financial transactions required to make the contractfinal.

    Title A document that indicates ownership of a specificproperty.

    Title Search Detailed examination of the entire document history of aproperty title to make sure there are no legalencumbrances.

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    Addendum

    Buyers Scorecard

    Use the following as a template to grade each of the homes you view. This will help

    you keep track of specific likes and dislikes as well as give you room to write down

    notes and comments that can help jog your memory laterno more that one house

    with the black and white tile flooringwhich one was that? after youve viewed five or

    six properties.

    Property Scorecard

    Date Seen:_____________________________

    Agent:_____________________________________________

    Details Comments

    Property AddressExterior DescriptionListing PriceBedroomsBathsGarageKitchenLiving RoomDining RoomFamily Room

    Other RoomsSchools

    Notes/Other

    Acceptable? YES NO

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    21

    Time for a Recap!

    Remember all of those lovely homes you viewed and rated using your scorecard? Take

    the ones that you like best and give them a rating!

    Property Recap

    Property Address Price #Bed #Bath Garage Schools NOTES Rati

    Its not required that your highest rating be the home that you buy, but by putting all of

    your information into one place and assigning numbers to each detail of the home that

    is important to you, it can help to put certain things in perspective.