By the Us Department of Housing and Urban Development
The home-buying process can seem complicated, but if you take things step-by-step, you will
soon be holding the keys to your own home!
Nine Steps to Buying a Home:
1. Figure out how much you can afford
2. Know your rights
3. Shop for a loan
4. Learn about home-buying programs
5. Shop for a home
6. Make an offer
7. Get a home inspection
8. Shop for homeowners insurance
9. Sign papers
During this challenging economic environment, it’s likely that you are growing more concerned about erratic market changes. These events are what history textbooks are made of and we’re all anxious about our investments and our future. I encourage you to stay calm and stay the course. With so much negative press bombarding us daily, the following summary helps make sense of what is really happening:
New Tax Law Opens Participation to Upper-Income Households
Throughout history rulers and governments have taken a share of their constituents’ earnings through taxation, and those who didn’t pay up have suffered penalties as serious as banishment and death. Even before there was money, Egyptian peasants were expected to give the pharaoh a portion of their crops or some of their time.
When the Dow Jones Industrial Average broke through the 13,000 barrier in April, it was headline news. If you thought to yourself, “13,000 what?” you were probably not alone.