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Finance Group

Navigating the world of home and business financing can be daunting for first-time buyers. This guide offers essential steps to ensure you can afford a home, find your ideal property, and understand mortgage types such as fixed-rate and adjustable loans. It addresses key challenges like loan requirements, interest rates, and payment strategies. Learn how to manage your monthly payments effectively and explore various business loan options. Whether you're looking to buy a home or start a business, this comprehensive overview will empower you to make informed decisions.

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Finance Group

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Presentation Transcript

  1. Finance Group Understanding how to Finance Homes and Businesses

  2. First Time Homebuyers • Steps • First: making sure you can afford a home • Second: finding the house you want to live in • Third: monthly payment should not exceed 35% of your monthly income • Fourth: counter offering • Fifth: for closures from the banks

  3. First Time Homebuyers • Challenges • Price • Looking • Getting a bank loan • Rates • What is a rate • How does that effect getting a home • Payments • Paying through your mortgage • Paying through an Escrow

  4. Home Loans • What types of mortgages are there… • Fixed Rate Mortgages • Bi-Weekly • Convertible Fixed Interest • Adjustable • Safeguard • Reverse Annuity

  5. Business Loans • Types of Business loans • Loan Requirements • Risk with Business loans • Motivation • Applying for business loans

  6. Conclusion • Any questions • Concerns ????? ????? ???? ???? ????

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