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//**The Home Buying Process**// Step 1: Determine Your Home Ownership Needs Step 2: Find and Evaluate a Property to Purchase Step 3: Price the Property Step 4: Obtain Financing
 * Owning Your Residence: Possible Benefits
 * Owning Your Residence: Possible Drawbacks
 * Typing of House That Can Be Purchased
 * How Much Can You Afford?
 * Selecting a Location
 * Hiring a Real Estate Agent
 * Conducting a Home Inspection
 * Determining the Price of the Home
 * Negotiating the Purchase price
 * Determining Amount of Down Payment
 * Qualifying for a Mortgage
 * Evaluating Points
 * The Application Process

THERE ARE THREE TYPES OF MORTGAGES: Fixed-Rate/ Fixed-Payment Mortgages, Adjustable-Rate/ Variable-Payment Mortgages, Home Equity Loans, and Refinancing.

Step 5: Close the Purchase Transaction
 * Closing Costs
 * Escrow Account