1. WHICH PROGRAM IS RIGHT FOR YOU? Programs for Patrons on Home owning and mortgages

2. SHOULD YOU OWN A HOME OR SHOULD YOU RENT? WHICH IS BETTER? THERE ARE SEVERAL BASIC QUESTIONS THAT YOU SHOULD ASK BEFORE YOU CONSIDER BUYING A HOME. QUESTION ONE: HOW LONG DO I PLAN TO LIVE THERE? BEST ANSWER: EXPERTS STRESS THAT UNLESS YOU ARE PLANNING TO LIVE IN THE HOUSE FOR MORE THAN FOUR YEAR, IT IS CHEAPER TO RENT. Home Owning Basics

3. Home owning Basics The standard for considering to buy or rent is to look at the rent payment. However, that only looks at part of the problem. Aside from rent and utility costs, there are no other major bills the renter usually pays. If you buy a home, the mortgage usually does include monthly amounts for the property taxes that are on the property and insurance on the property for the time you are paying the mortgage.

4. Home Owing Basics These amounts do not include any upkeep expenses. If you have a yard for example, either you will need to buy a lawn mower or pay to have the grass cut ect. The “extra” expenses can be hefty depending upon ones circumstances.

5. Home Owing Basics There are some tax credits for owning a home and first-time home buyers can receive a tax credit. After figuring the pros and cons, and a monthly budget, it is time to move on to the next step. How much home can you afford to buy?

6. Home Owning Basics What type of mortgages and other programs that are available to help you finance a home will depend in part on your income and where you live.