The Theory of Mortgage Financing
You want to buy a house, a place of your own. You are probably excited and a bit nervous at the
prospect, especially if you are a first-time homebuyer.
This book’s goal is to take the confusion and uncertainty out of the home-buying process. Whatever
your concerns about buying a home, this book should help you feel more confident as you undertake
the largest purchase of your life.
By the time you complete this book, you will know more about the home-buying process than most
current homeowners! This section will take you through the home-buying process step by step. It will
educate you in:
• Deciding whether homeownership is right for you.
• Shopping for a home that meets your needs.
• Obtaining a home mortgage.
• Closing the sale.
• Maintaining the home after it is yours.
• Successfully handling your mortgage obligation.
For many Americans, owning their own home is the American dream. If homeownership is your dream, it can become a reality, but not without:
• Realistic goals
• Sound advice
• Careful planning
• A clear understanding of the costs
And as in any new endeavor, the more you know about home ownership, the better you will be at
reaching your goals.
A home provides us with one of the basic necessities of life. It is the base from which we carry out our
daily activities, spend time with friends and family, and relax at the end of the day.
Putting the plan together takes work, patience, sacrifice, and persistence. The rewards are directly
related to how well you plan and how well you commit to that plan, so let’s start learning and
remember to stick to it!
-Pipes