Homeownership has long been regarded as one of the basic elements of the American dream. Buying a home, however, is anything but basic. It is important to understand the process as well as how your specific needs fit into your search for a new home.

This tutorial was designed to help you get the most out of buying a home, whether you're a first-time buyer, moving up or downsizing, we'll walk you through the steps and strategies you'll need.

• Getting Started
  Your reasons for buying a home determine the steps and strategies you should follow.
  
  • First-time buyer
  • Moving up
  • Downsizing
  
  
• How Much House can You Afford?
  Take the time to examine your finances and determine how much you can afford for down and monthly payments.
  
  • Clean up Your Credit
  • Low-Down Options
  
  
• Choose a broker
  Home sellers enlist the help of professionals to represent their interests, so why shouldn't home buyers do the same?
  
  
• Begin Your Search
  The search for a new home should not start with the price. More important are the location and quality of the property and its ability to meet, or be tailored to meet, your needs.
  
  
• Make the Offer
  Once you've found the home you want, it's time to negotiate the price. Find out about various factors to consider when preparing to make an offer.
  
  • The smart buyer's purchase contract
  
  
• Select a Mortgage
  Finding the right mortgage involves some digging. Interest rates, points, processing costs, and adjustment features all affect how well a mortgage suits your needs.
  
  • Pros and Cons of Fixed-Rate Loans
  • All about ARMs
  
  
  
• The Application Process
  Here's what you can expect when you're ready to apply for your loan.



• Close the Deal
  An accepted contract doesn't mean the deal is done yet, but there are things you can do to help avoid any snags.
  
  

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