The American Dream Series - Buying a home

Thank You for tuning in to the Middle Men Talk Show. Today we will begin our American Dream series where each month we will be providing information on specific topics relating to finances, health, home, and car ownership, insurance, and much more. The topic for today's discussion is on buying a home and we have a special guest who will be joining us. What are the steps in which first time home buyers take when looking for a home? What are the available programs for first time home buyers? What are the requirements people have to meet before being approved for a home loan? (credit score, escrow amount, insurance, earnest money, etc.) When searching for good interest rates, what percentage should you look for? What are some realistic expectations for buying a home? What are the ways in which people can increase the value of the home? Does the location of a home determine its value and probability of purchase? Is homeownership still a viable way to gain wealth in the black family? If you have a question or comment, please dial 516-387-1542 and press (1) on your phone.