About this event:
FIRST TIME HOME-BUYER CLASS
Learn everything you need to know before buying that first home!
AGENDA:
DAY 1: PRE-PURCHASE AND PURCHASING A HOME
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Pre-purchase
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Renting v. owning
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Costs of home ownership
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Budgeting
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New construction and remodeling
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How to choose a contractor
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Credit Bureau Reports—how to read them, how to dispute incorrect information, how long information stays on the report
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Down payment assistance programs—City of Fargo, City of Moorhead, and others
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How much house can you afford?
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Working with a lender, what to bring to an initial meeting, which credit issues can you work with
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Conventional v. FHA mortgage
DAY 2: OBTAINING A MORTGAGE AND POST-PURCHASE
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Closing process and title insurance
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Home Inspections—importance of having one done, how to choose an inspector, costs, what they look for during an inspection
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Home maintenance—doing common repairs around the house, maintenance with each season
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Foreclosure prevention
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Costs associated with repairs
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Working with a realtor and real estate forms
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Choosing a home and making an offer
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What to look for with respect to homeowners insurance
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Working with a Realtor® and real estate forms
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Choosing a home and making an offer
This is a 2-day evening class!
The agenda has been approved by the North Dakota Housing Finance Agency and meets the requirement for first time home-buyers, under their loan program. The class also meets the standard set by the National Industry Standards for Home-ownership Education and Counseling.