Buying a home is probably the largest financial transaction most of us will ever make. Most of us take advantage of mortgage loans, which are loans designed specifically for buying real estate. Using Credit Wisely is a useful program that addresses first-time home buyers’ concerns by taking viewers through the 9-step process of buying a home: 1) Research, 2) Determining your wants, 3) Finding a real estate agent, 4) Making an offer, 5) Signing a contract, 6) Applying for financing, 7) Processing the loan, 8) Insurance, and 9) Closing costs. Although buying a home may appear to be a complex transaction, most of the problems and pitfalls can be avoided by doing the proper research and planning. This outstanding program helps viewers take advantage of the many resources available to help them in assessing and financing their real estate deal. A Cambridge Educational Production. One 24-minute video.
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