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Details

Join our weekly Lunch and Learn series to discover why buying a home is a better option than renting. Short workshops is designed to help prospective homebuyers understand the benefits of homeownership, navigate the buying process, and make informed decisions.

Details:

Agenda:

  1. The Benefits of Buying vs. Renting:
  • Financial Advantages:
  • Building equity: As you pay off your mortgage, you gain ownership in your home, increasing your net worth.
  • Tax benefits: Homeowners can often deduct mortgage interest and property taxes.
  • Stability and Control:
  • Fixed monthly payments: Unlike rent, your mortgage payments remain stable, especially with a fixed-rate mortgage.
  • Personal freedom: You can renovate and decorate your home as you wish.
  • Long-term Investment:
  • Appreciation: Real estate generally increases in value over time.
  • Forced savings: Monthly mortgage payments contribute to your equity.
  1. Understanding the Home Buying Process:
  • Pre-qualification and Mortgage Options:
  • Soft Pull Pre-qualification:
  • Steps:
  • Provide basic financial information.
  • Lender performs a soft credit check (does not affect your credit score).
  • Receive an estimate of the loan amount you qualify for.
  • Benefits:
  • No impact on credit score.
  • Helps set a realistic budget.
  • Demonstrates seriousness to sellers.
  • Types of mortgages: Fixed-rate, adjustable-rate, FHA, VA, and more.
  • Finding the Right Property:
  • Work with a real estate agent.
  • Consider your needs and wants.
  • Visit and inspect potential homes.
  • Making an Offer and Closing the Deal:
  • Negotiating the purchase price.
  • Understanding the contract.
  • Completing inspections and appraisals.
  • Finalizing the mortgage and closing costs.
  1. Q&A Session:
  • Open floor for participants to ask questions
  1. Next Steps:
  • Resources for further learning
  • How to start your home-buying journey.

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