1.Financial Planning- how much it costs

2. Prequalify for loan- how much to get house for

3. shop for mortgages/loans- through bank

4. home options/features new vs. old- what you want in a house

5. mane an offer

6. agreeing to purchase- agree to offer

7. home inspection- safe/ up to standards

8. homeowners insurance- everything ok

9. closing the deal

Process of buying a house: more

escrow- $500-$1000 goes toward your down payment

• telling realtor your serious

adjustable rate- will fluctuate

vs.

fixed rate- will stay the same

conventional mortgage: 15/30 years most common

custom built:

 older/fix up

• good- get what you want; unique

• bad- cost more

• good- cheaper

• bad- overhead/ have to fix a lot of things