(Translated by https://www.hiragana.jp/)
Follow our step-by-step mortgage guide for an easier home-buying process. - AOL Money & Finance
The Wayback Machine - https://web.archive.org/web/20071007224310/http://money.aol.com:80/mortgage/home-buying-guide

Home Buyer's Guide to Mortgages


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Step-by-Step Mortgage Guide

Getting those keys to your new place can be tricky. Here's a guide to make the process go as smoothly as possible.

1. Getting Started
Your reasons for buying a home determine the steps and strategies you should follow. More
· First-Time Buyer
· Moving Up
· Downsizing

2. How Much House Can You Afford?

Take the time to examine your finances and determine how much you can afford for down and monthly payments. More
· Clean Up Your Credit
· Low-Down Options

3. Choose a Broker

Home sellers enlist the help of professionals to represent their interests, so why shouldn't home buyers do the same? More

4. Begin Your Search

The search for a new home should not start with the price. More important are the location and quality of the property and its ability to meet, or be tailored to meet, your needs. More

5. Make the Offer

Once you've found the home you want, it's time to negotiate the price. Find out about various factors to consider when preparing to make an offer. More
· The Smart Buyer's Purchase Contract

6. Select a Mortgage

Finding the right mortgage involves some digging. Interest rates, points, processing costs, and adjustment features all affect how well a mortgage suits your needs. More
· Pros and Cons of Fixed-Rate Loans
· All About ARMs
· 'Creative' Mortgages
· The Application Process

7. Close the Deal

An accepted contract doesn't mean the deal is done yet, but there are things you can do to help avoid any snags. More

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