When thinking about buying a home it is important to have as much information as possible. The more you know the better prepared you will be when going through the home buying process, making your home goals less stressful and more attainable.
There are a variety of resources available that can provide you anywhere from a basic framework to an in-depth education on homeownership. These can help you know your rights, find the right loan for you, find the right home for you and your budget, make an offer and more.
Here are a few resources for homeownership education.
When buying a house an important factor will be your credit score. A credit score tells lenders how much risk they would take by giving you a loan. Therefore, the higher your credit score is the better, as it will impact your interest rates, terms, approvals and more.
For more information on credit scores and improving them, visit myFICO.
Becoming a landlord requires not only financial resources but also managerial talent and is not a profession to be entered into lightly. When looking into becoming a landlord there is a great deal to consider and do, including knowing local rental laws, determining realistic rents, drafting leases, covering costs and managing tenants.
For information on becoming a landlord in your area, contact your local government.
For information on the rights and responsibilities of landlords, visit the Office of the Minnesota Attorney General.
The role of the landlord in the Section 8 Housing Choice Voucher program is to provide decent, safe, sanitary housing to a tenant at a reasonable rent. The unit must pass the program’s housing quality standards and be maintained as long as the owner receives housing assistance payments. The landlord is also expected to provide the services agreed to as part of the lease.
For more information on the Section 8 Housing Choice Voucher program visit the Department of Housing and Urban Development.
