First Time Homebuyers Course
Greater Sheepshead Bay Development Corporation (GSBDC) is a community-based, HUD-certified Housing Counseling Agency whose mission is to improve the lives of multicultural low- to moderate-income tenants, coop owners, and homeowners by preserving and updating the housing stock, social environment, and maintaining housing affordability
Thank you for taking this online course assembled by The Greater Sheepshead Bay Development Corporation. We’ve made this course clear, short, and concise, with all the information you need to be a responsible first-time homeowner. The cost of this course is $40.00. You may contact us at gsbdcorp@aol.com or (718) 332-0582 if you have any questions or need to schedule an appointment for personal assistance. The course length is about 3 hours but you may stop and come back at any time to return where you left off. At the end of the course, you will be presented with a test that covers the topics in this course. You will get a certificate upon completion of the program.
To purchase this course, please click on “Buy Course” and then, “Register” under the “New Customer” option.
If you are already registered, please click “login” and enter your login information.
The cost of this online course is $40.00
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INTRODUCTION
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MODULE I - HOMEOWNERSHIP PRE-PURCHASE
- 1. Assessing Homeownership Readiness.
- Assessing Homeownership Readiness – A. Pro & Cons of homeownership.
- Assessing Homeownership Readiness – A. Pro & Cons of homeownership.
- A. Pro & Cons of homeownership – Knowledge Test.
- Assessing Homeownership Readiness – B. Income, credit, savings, homeowner responsibility.
- Assessing Homeownership Readiness – B. Income, credit, savings, homeowner responsibility.
- Assessing Homeownership Readiness – B. Income, credit, savings, homeowner responsibility.
- B. Income, credit, savings, homeowner responsibility – Knowledge Test.
- 2. Budgeting and Credit.
- Budgeting and credit – C. Make a budget by tracking your expenses.
- Budgeting and credit – C. Make a budget by tracking your expenses.
- C. Make a budget by tracking your expenses – Knowledge Test.
- Budgeting and credit – D. Review and work on your credit.
- Budgeting and credit – D. Review and work on your credit.
- Budgeting and credit – D. Review and work on your credit.
- D. Review and work on your credit.- Knowledge Test.
- Budgeting and credit – E. Fixing your credit & Debt Management Tips.
- E. Fixing your credit & Debt Management Tips – Knowledge Test.
- 3. Financing a home and selecting a loan.
- Financing a home and selecting a loan – F. Obtaining financing, selecting a lender, understanding loan products.
- Financing a home and selecting a loan – F. Obtaining financing, selecting a lender, understanding loan products.
- F. Obtaining financing, selecting a lender, understanding loan products – Knowledge Test.
- Financing a home and selecting a loan – G. Special financing products if loan application is denied.
- G. Special financing products if loan application is denied – Knowledge Test.
- Financing a home and selecting a loan – H. Abusive Lending practices and Loan scams.
- H. Abusive Lending practices and Loan scams – Knowledge Test.
- Financing a home and selecting a loan – I. Insurance terms, types of insurance
- I. Insurance terms, types of insurance – Knowledge Test.
- 4. Shopping for a Home.
- Shopping for a home – J. Process of selecting and purchasing a home
- Shopping for a home – J. Process of selecting and purchasing a home
- J. Process of selecting and purchasing a home – Knowledge Test.
- Shopping for a home – K. The buying team.
- K. The buying team – Knowledge Test
- 5. The Closing.
- The Closing – L. Preparing for closing.
- L. Preparing for closing – Knowledge Test.
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MODULE II - HOMEOWNERSHIP POST-PURCHASE
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FINAL TEST
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GLOSSARY
