Learning Center
Basic Finance
How Credit Affects You
Preparing for Home Ownership
Steps for Buying a Home
Life as a Homeowner






 
Module 3
Preparing for Home Ownership
line

You will need to download Flash Player 7 or above. Click here to download the player.
Additional Resources
  • For more information about affordable loan programs and new home loans including Home Equity and Refinance call

Ready for Home Ownership?
This section discusses the benefits of home ownership, including the build up of equity. A Self-Assessment Checklist helps you determine if you are ready to own a home, and the Who Does What chart explains the different professionals involved in the home-buying process.

Affording Your Dream
This section explains down payment requirements, assistance programs, and the components that make up a home loan. Quick Tips for selecting a home loan lender are included, along with a description of the four C’s — capital, capacity, credit and collateral.

Types of Home Loans
This section provides an explanation of the many different types of home loans and loan features that are available in today’s market. A table of common terms and definitions is provided, as well as a Home Loan Shopping Checklist you can download and use to compare different home loan products.

Buyers Beware
This section discusses the important topic of predatory lending and the typical methods that predatory lenders use. Tips for how to be a smart consumer are provided, along with guidance for what to do if you think you are a victim of predatory lending.

Get Started Now >

  Countrywide Home Loans, a division of Countrywide Bank, FSB is an Equal Housing Lender. © 2007 - 2008 Countrywide Financial Corp. Trade/service marks are the property of Countrywide Financial Corp., and/or its subsidiaries. All rights reserved. The content of this website is provided for the convenience of our readers and is for informational purposes only. Readers are encouraged to use the content of this website to supplement their knowledge and to also seek out other reliable sources of information prior to engaging in the home financing and home buying processes. The information featured herein is intended to be accurate and we will make efforts to keep this website updated. However, due to the rapid changes occurring in the programs, products, services offered within the home financing industry, we do not guarantee the accuracy of the information presented. Countrywide is not responsible for the contents of, or products or services offered on, third party Web sites and provides links to such sites solely for your convenience. This is not a commitment to lend. All rights reserved.