Your coaches introduce the subject of home loans.
In this lesson, we’ll focus on the money side of buying a home: getting a home loan. It’s valuable information you need to know because buying a home is probably one of the biggest investments you’ll ever make.
That’s true. Because houses have such a high price tag, almost everyone borrows some, if not most, of the money they need to buy one. So to make sure you’re well-prepared, we’ll give you the basic vocabulary of home loans, describe the steps in the lending process, and explain how lending decisions are made.
Let’s get started!
Click the Next button to learn some home vocabulary.