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First Time Home Buyers Seminar Presented by  Tessa Rider
Who is Primary Residential Mortgage, Inc? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object]
Renting vs. Buying RENTING OWNING No Ownership  Pride of Ownership No Privacy Complete Privacy No Foundation Family Foundation No Tax Benefit Tax Deductible Interest Payment You’re paying the owner’s mortgage Build home equity over time
Money: What are Mortgages  really made of? ,[object Object],[object Object],[object Object]
The Keys to Becoming a Home Owner ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Down Payments http://loan.yahoo.com/m/basics7.html 30-Year Mortgage House Price Interest rate Monthly payment Price with 5% down  Price with 10% down Price with 15% down Price with 20% down 7.00 $1,060 $167,712 $177,029 $187,442 $199,158 7.50 $1,060 $159,578 $168,443 $178,352 $180,499 8.00 $1,060 $152,064 $160,512 $169,954 $180,576 8.50 $1,060 $145,113 $153,174 $162,185 $172,321 15-Year Mortgage   House Price Interest rate Monthly payment Price with 5% down  Price with 10% down Price with 15% down Price with 20% down 6.50 $1,060 $128,088 $135,204 $143,158 $152,105 7.00 $1,060 $124,138 $131,034 $138,742 $147,414 7.50 $1,060 $120,364 $127,051 $134,525 $142,933 8.00 $1,060 $116,757 $123,243 $130,493 $138,649
How much can you afford? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Mortgage Shopping ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Basic Loan Types and Products ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Cost Information ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Pre-Approval ,[object Object],[object Object],[object Object],[object Object]
Good Faith Estimate (GFE) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Realtor Shopping ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Home Shopping ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Offer ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Home Inspection ,[object Object],[object Object],[object Object],[object Object]
Insurance  ,[object Object],[object Object],[object Object]
Closing ,[object Object],[object Object],[object Object]
Questions and Answers

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2010 Seminar In A Box

  • 1. First Time Home Buyers Seminar Presented by Tessa Rider
  • 2.
  • 3.
  • 4. Renting vs. Buying RENTING OWNING No Ownership Pride of Ownership No Privacy Complete Privacy No Foundation Family Foundation No Tax Benefit Tax Deductible Interest Payment You’re paying the owner’s mortgage Build home equity over time
  • 5.
  • 6.
  • 7. Down Payments http://loan.yahoo.com/m/basics7.html 30-Year Mortgage House Price Interest rate Monthly payment Price with 5% down Price with 10% down Price with 15% down Price with 20% down 7.00 $1,060 $167,712 $177,029 $187,442 $199,158 7.50 $1,060 $159,578 $168,443 $178,352 $180,499 8.00 $1,060 $152,064 $160,512 $169,954 $180,576 8.50 $1,060 $145,113 $153,174 $162,185 $172,321 15-Year Mortgage House Price Interest rate Monthly payment Price with 5% down Price with 10% down Price with 15% down Price with 20% down 6.50 $1,060 $128,088 $135,204 $143,158 $152,105 7.00 $1,060 $124,138 $131,034 $138,742 $147,414 7.50 $1,060 $120,364 $127,051 $134,525 $142,933 8.00 $1,060 $116,757 $123,243 $130,493 $138,649
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18.
  • 19.