HUD Offers Homebuying Advice Videos

hud homebuying advice HUD Offers Homebuying Advice Videos
HUD recently contacted us and wanted to share some videos they produced that they feel will help prospective home buyers with their home shopping experience. The videos are a bit dry but informative and get to the point.
Watch the videos below.



Shopping for your Home – The homebuying process obviously starts with finding a place you’ll want to call home. This short video will instruct viewers on assessing how much of a home you can afford, working with a real estate agent and what happens once you find the home you want to buy. Housing counselors can assist home buyers and home owners on issues such as home buying, fair housing, credit issues, and foreclosure prevention.

Shopping for your Loan – Once you’ve found the home of your dreams, the next step is to shop for a mortgage loan. This video will help consumers use the good faith estimate (GFE), which is a form that spells out the terms of a loan offer, to shop for the best loan for them. Consumers will learn how to use the GFE to determine how long an interest rate is available for a particular loan and how to identify key loan terms and costs of a particular loan offer. HUD suggests consumers shop and compare GFEs from multiple mortgage brokers and/or lenders in order to get the best loan for their situation.

Closing the Deal – Finally, this video walks consumers through the actual closing process including how to make sure the loan they were offered closely matches what they encounter at the settlement table. In particular, HUD will walk the viewer through the HUD-1 Settlement Statement and demonstrate ways consumers can compare their actual costs with those reflected on their Good Faith Estimate.
“These videos go a long way in identifying key aspects of the homebuying process that a consumer should be aware of. Our goal is help make the process more transparent through educating consumers who in turn can make informed choices about their home purchase. We partnered with NAR because a real estate agent is often the primary point of contact for homebuyers and we believe real estate agents are in a great position to provide these videos to their clients as they move through key areas in the homebuying process.”

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timothy dahl profile HUD Offers Homebuying Advice Videos

Timothy Dahl

Founder/EIC at Charles & Hudson
Timothy’s background includes stints at This Old House, ELLE DECOR, Metropolitan Home and Woman’s Day. His work has been published on Wired Design, Bob Vila, DIY Network, The Family Handyman and Popular Mechanics and he has been featured on the Martha Stewart radio show and as a speaker at the ALT Design Summit, K/BIS and the National Hardware Show.
  • Te_mercedes

    thank you

  • yesi

    ALSO UNEXPECTED SURPRISES… WE’VE BEEN TRYING TO REMODEL OUR BATHROOM FOR TWO MONTHS NOW… WE ARE LEARNING AS WE GO… ANYWAY NOT TO DISCOURAGE ANYONE FROM DOING IT THEMSELVES… ITS FUN YOULL LEARN AND LEARN ABOUT YOURSELF MORE…

  • http://www.krollwindow.com/product-and-services/kitchen-bath-remodeling/ Herb Koguchi

    Renovations can cost a lot of money so make sure that you have allocated enough money for it. The first thing that you should do is make a list of everything that you’re going to need and put your estimated prices alongside each; calculate the total cost of all the materials. That way, you’ll have an idea of the cost of the renovation and you’ll be able to prepare for it. 

  • http://www.ckrogers.com/ Elinor Haswell

    If you are on a budget and you want to remodel your bathroom, there are affordable ways of doing that. You can paint using light colors to make a small space brighter and seemingly roomier. You can also add mirrors to the bathroom to get that same effect. Also, to conserve space, you can consider replacing your bathtub with a walk-in shower. Stay with white or neutral-colored countertops and fixtures.

  • http://www.victorianplumbing.co.uk/ sandra

    I think you don’t need to change any bathroom suites as of now but yes color paint can give your bathroom amazing look and can save money as well.