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Mortgage Rates

Should You Buy or Rent

Mortgage Basics

Chapter 1:

How much house can you afford?

Homeownership

Should You Buy or Rent

Summary

 
Chapter 2:

Adjustable-rate mortgages

ARM and a fixed-rate mortgage

Fixed-rate mortgages

Understanding the key elements

Which type of lender is right for you?

Other types of mortgages

Subprime

Summary

 
Chapter 3:

Your credit score

Down Payment

How lenders set rates

Low down payments

Mortgage insurance

Your mortgage payment

Mortgage Points

Summary

 
Chapter 4:

The good faith estimate

Inspection and Insurance

Necessary paperwork for a buyer

Other lender paperwork

Paperwork and fees

Prequalification and preapproval

Special circumstances

Summary

 
Chapter 5:

Ten questions to ask

Turned down for a mortgage

Underwriting

What lenders ask

Summary

 
Chapter 6:

 Understanding the closing process

Escrow

Summary

 
Chapter 7:

When your mortgage is sold

Avoiding foreclosure

Paying ahead

Payment changes

Refinancing

Removing mortgage insurance

Summary

Owning your own home is promoted by many as part of the American dream. Many Americans struggle with the decision to buy or continue renting. Which is best?

There is no set answer. It depends on you and your family. There are many factors to
consider when looking at whether or not to buy a home. You have to look at your family, your job, your finances and your future.

Are you ready to embark on the journey toward the American Dream? Before you jump in, let us help you decide whether or not you should continue to rent. Once you've decided that it is time to buy, we'll help you sort out all of the information that you need to know.