Saturday, January 17, 2009

The National Association of REALTORS®' 10 Steps to Home Ownership

For First Time Homebuyers

The home-buying process doesn't need to be scary. The National Association of Realtors®' step-by-step guide will walk you through the process and answer your questions on what you should expect from your REALTOR®, where to look for loans, and what to watch out for when closing the deal.

Homebuying Guides

Even before you begin looking for a home, the homebuying process requires diligent preparation. Buyers who have been preapproved for a home loan often have their offers taken more seriously by sellers. With advance preparation, you can tackle the process of acquiring the financing you need with more confidence. To help you on the path to homeownership, the Fannie Mae Foundation offers free step-by-step guides that can help you get closer to achieving your dream:

Knowing and Understanding Your Credit
Opening the Door to a Home of Your Own
Choosing the Mortgage that's Right for You
Borrowing Basics: What You Don't Know Can Hurt You

These authoritative homebuying guides (in PDF format) are available in nine languages, including English, Chinese, Haitian-Creole, Korean, Polish, Portuguese, Russian, Spanish and Vietnamese. You can download a guide or order a print version online from, a Web site run by the Fannie Mae Foundation.

The Fannie Mae Foundation is a private, nonprofit organization devoted to affordable housing and the revitalization of communities. The foundation has provided free, step-by-step homebuying information to more than nine million people.

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