This class is normally interactive and takes the audience through the steps….Identifying your needs in a home and community…Getting pre-approved for a mortgage…Searching for the ideal home…Structuring the contract and making the offer…How to negotiate…Home inspection…. Appraisals… Homeowners’ insurance…Home Warranties…Termite letter…The closing and the settlement statement…Budgeting for activities after closing.

Buying With Hurt Credit

    This class integrates "Understanding Credit" as it goes through the steps…Obtaining and analyzing credit reports from 3 bureaus…Pre-qualification for a house…Purchasing a home financed by a private source….Setting a program to repair credit within 12-24 months…Refinancing into your name after completing the program.

    This class focuses on educating about credit scores and how they affect one’s ability to borrow money. Some of the time participants are instructed how to pull their credit reports and to bring them to class. The goal is to teach…What is a FICO score?….What affects FICO (credit) scores?….How do FICO scores affect lenders’ decisions?….Avoid activity that reduces credit scores…Relationship between FICO scores and interest rates…How to clean up your credit…Important tips.

    This subject is normally covered within other classes. Education about this subject is critical because there have been close to 3000 houses per month on the foreclosure list in the metro Louisville area. Foreclosure in most cases can be avoided. Topics include…What to do if you anticipate not being able to make a mortgage payment…What to tell your lender… What options your lender can offer you…Important tips.

    This class is normally interactive and is designed to help each individual design an investment strategy by the end of the session. Investment strategies are defined and the class identifies benefits and potential pitfalls associated with each strategy. Subjects covered include…Matching financing to targeted investment strategy(ies)…Long term holds versus short term holds…Landlording versus retailing…Wholesaling versus retailing…Heavy fix-up versus light fix-up…Identifying exit strategies, i.e. renting, owner financing, lease purchasing…retailing.

    These subjects, in part, are covered in the home buying process class but can be more detailed in a separate session. Generally a lender is available to answer specific questions. Subjects include…How much house can you afford?…What are the differences in mortgage programs?….FHA, VA, or Conventional?… Interest only or PITI (principal, interest, taxes and insurance)…No down payment programs…Credit scores and how they affect lenders’ decisions…Required documentation…Different types of lenders…Closing costs and the settlement statement…Interest rates.

    This class normally is interactive and can be designed as a workshop whereby students bring in interior and exterior pictures (including yard shots) and a list of questions pertaining to their house or any house in general. The mission of this class is to have each participant leave with an action plan, i.e. to-do items and time frame, to prepare their house to sell for the maximum price. The purpose is to identify fixes that can be done for minimum cost.