Financing a Home
Whether you're selling or buying your home, you probably have questions about the financial aspects involved. If you're a seller, you want to know about the tax implications of selling a home, estate/beneficiary concerns and assumed mortgages. These issues are addressed in the Selling section. If you're a buyer, you must secure a mortgage, the legal document providing you possession of the home and your lender ownership interest until the loan has been repaid. You'll also want to learn about initiatives to promote affordable housing in California, which you can read about in the Housing Affordability section of C.A.R. Online.
First-time buyers will want to review each section of the outline below to prepare for the process that lies ahead. If you're an experienced buyer, you may want to use certain sections to brush up on specific financial topics. Or, you might find information about mortgage types helpful because you're considering obtaining a different kind of mortgage this time around.
In addition to information about mortgage types and the mortgage process, you'll also find resources for general homebuyer assistance programs and insurance needs.
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