Buying a Home..

Buying a Home is a major life milestone that requires some thoughtful planning
and know how. Students need to understand all aspects of the home buying
process, everything from mortgages and credit to financing and insurance.

For many, buying a home is the single most important financial decision they will make in their
lifetime. However, the process of becoming a first time home buyer can be overwhelming, and requires a
foundation for basic home-buying knowledge.

In some cases the letter can contain plans for the future changes of the size of the property, family history of owning a real estate or how the owner feels about the community surrounding the property. Even thought this requirement disobeys the Fair Housing Act, and in some cases is against the law, in many cases loan takes are not the ones to be questioned.

Useful tip: Use everything that you think that is logical to persuade the Bank that you will live at the property you buying. Well known reasons could include nicer neighborhood, more rooms, closer to school or work location, away from industry or farms. Typically, lender is not interested in your family situation as long as it not concerns you credit ability.