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Understanding Home Ownership- The Beginning

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  1. Module 1: Understanding Mindset
    9 Lessons
    |
    1 Quiz
  2. Module 2: Understanding What you want your money to do for you?
    6 Lessons
    |
    1 Quiz
  3. Module 3: Understanding The Types of Real Estate Investments
    7 Lessons
    |
    1 Quiz
  4. Module 4: Understanding The Resources
    11 Lessons
    |
    1 Quiz
  5. Module 5: Understanding The Finance
    15 Lessons
    |
    1 Quiz
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HomePath Mortgages

Another government backed loan, the HomePath Mortgage was  introduced by the government-owned mortgage giant Fannie  Mae in  an  attempt  to  help  turn  their  non-performing   loans (properties they have foreclosed on) into profitable loans again. Like the FHA loan, the HomePath program  allows for smaller down payments (currently as low as 10%), but unlike the FHA, no mortgage insurance is  required, and the loan is available for investors and “non-owner occupied properties.”

The HomePath  program also includes the ability to finance repairs into the purchase like the 203K FHA loan we talked  about earlier. The catch, however, is that these loans are only available on Bank Repos owned by Fannie Mae. To  search for homes available for the HomePath program, visit the HomePath website at HomePath.com.