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Finance Group

Finance Group. Understanding how to Finance Homes and Businesses. 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

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Finance Group

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  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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