http://videotap.wistia.com/medias/w163x5qc3p?embedType=async&videoFoam=true&videoWidth=640 Like the video shows, “earnest money” is money you put down to demonstrate your seriousness about buying a home. It must be substantial enough to demonstrate good faith and is usually between 1-5% of the purchase price though the amount can vary with local customs and conditions. If your offer is...

http://videotap.wistia.com/medias/iijviz7g43?embedType=async&videoFoam=true&videoWidth=640 There are some great tips in this video, like: if possible, take photographs of each house: the outside, the major rooms, the yard and extra features that you like or ones you see as potential problems. Write things down as you go. And don't hesitate to return for a second look. Use the HUD Home Scorecard...

http://videotap.wistia.com/medias/zt1rm00yfv?embedType=async&videoFoam=true&videoWidth=640 As we show you in this video, an inspector checks the safety of your potential new home. Home Inspectors focus especially on the structure, construction and mechanical systems of the house and will make you aware of only repairs that are needed. The Inspector does not evaluate whether or not you're getting...

http://videotap.wistia.com/medias/sjil4865ck?embedType=async&videoFoam=true&videoWidth=640 As we show you in this video, in addition to comparing the home to your minimum requirement and wish lists use the HUD Home Scorecard and consider the following: Is there enough room for both the present and the future? Are there enough bedrooms and bathrooms? Is the house structurally sound? Do...

http://videotap.wistia.com/medias/84tzsis7gf?embedType=async&videoFoam=true&videoWidth=640 As you’ll see in this video, many of your questions should focus on potential problems and maintenance issues. Does anything need to be replaced? What things require ongoing maintenance like paint, roof, heating and AC, appliances and carpet? Also ask about the house and neighborhood focusing on...

http://videotap.wistia.com/medias/yee9zyku2d?embedType=async&videoFoam=true&videoWidth=640 Well, as this story shows, there isn't a definitive answer to this question. You should look at each home for its individual characteristics. Generally, older homes may be in more established neighborhoods offer more ambiance and have lower property tax rates. People who buy older homes, however shouldn't...

http://videotap.wistia.com/medias/msf5x1yp2c?embedType=async&videoFoam=true&videoWidth=640 Remember these pointers from the video: start by thinking about your situation. Are you ready to buy a home? How much can you afford in a monthly mortgage payment? How much space do you need? What areas of town do you like? After you answer these questions, make a "To Do" list and start doing...

http://videotap.wistia.com/medias/ze1ysi02f4?embedType=async&videoFoam=true&videoWidth=640 Like the guy in the video says, the two don't really compare at all. The one advantage of renting is being generally free of most maintenance responsibilities. But by renting, you lose the chance to build equity take advantage of tax benefits and protect yourself against rent increases.Also, you may be at...

http://videotap.wistia.com/medias/61gs4t4g9a?embedType=async&videoFoam=true&videoWidth=640 As you’ll see in the video, the lenders consider your debt-to-income ratio, which is a comparison of your gross (pre-tax) income to housing and non-housing expenses. Non-housing expenses include such long-term debts as car or student loan payments, alimony, or child support. According to the FHA,...

http://videotap.wistia.com/medias/lcz3cfyi21?embedType=async&videoFoam=true&videoWidth=640 Watch this video and take a few notes! There are three major credit reporting companies: Equifax - www.equifax.com 1-800-685-1111 Experian - www.experian.com 1-888-397-3742 Trans Union - www.transunion.com 1-800-916-8800 Obtaining your credit history is as easy as calling and requesting one. Once...