Nolo's Essential Guide to Buying Your First Home (75 page)

Read Nolo's Essential Guide to Buying Your First Home Online

Authors: Ilona Bray,Alayna Schroeder,Marcia Stewart

Tags: #Law, #Business & Economics, #House buying, #Property, #Real Estate

BOOK: Nolo's Essential Guide to Buying Your First Home
2.02Mb size Format: txt, pdf, ePub
You can listen to files that you have installed on your computer, or you can listen without having installed the files to your hard disk. (See “Playing the Audio Files Without Installing,” below).
Please keep in mind that these are general instructions—because every media player is unique, these steps may not mirror the steps you need to follow to use your player
. Please do not contact Nolo’s technical support if you are having difficulty using your media player.
Listening to Audio Files You’ve Installed on Your Computer
 
There are two ways to listen to the audio files that you have installed on your computer.
• Windows users can open a file by selecting its “shortcut” as follows: (1) Click the Windows
Start
button, (2) open the
Programs
folder, (3) open the
Homebuyer’s Toolkit
subfolder, (4) open the
Audio
subfolder, and (5) click the shortcut to the audio segment you want to hear.
• Both Windows and Macintosh users can open a file directly by double-clicking it. Use
My Computer
or Windows
Explorer
(Windows 2000, XP, and Vista) or the
Finder
(Macintosh) to go to the folder in which you installed or copied the CD-ROM’s files. Then, double-click the MP3 file you want to hear.
 
Playing the Audio Files Without Installing
 
If you don’t want to copy 39MB of audio files to your hard disk, you can “play” the CD on your computer. Here’s how:
Windows users
 
• Insert the CD-ROM to view the
Welcome to Homebuyer’s Toolkit CD
window. (If nothing happens when you insert the CD-ROM, double-click the
My Computer
icon, double-click the icon for the CD-ROM drive into which the CD-ROM was inserted, and double-click the file “WELCOME.EXE.”)
• Click
Listen to Audio
.
 
Macintosh users
 
• Insert the CD-ROM. If the
Homebuyer’s Toolkit CD
window does not open, open it by double-clicking the
Homebuyer’s Toolkit CD
icon.
• Open the
Homebuyer’s Audio
folder by double-clicking the
Homebuyer’s Audio
icon.
• Double-click the audio file you want to hear.
 
List of Files on the CD-ROM
 
 
The following files are in portable document format (PDF):
 
 
The following files are in rich text format (RTF):
 
 
The following files are audio (MP3 format):
 
Index
 
A
 
Accessibility and services, as neighborhood choice priority
 
Accountants
 
tax professionals
 
when to use
 
Accredited Buyer Representative Managers (ABRMs)
 
Accredited Buyer Representatives (ABRs)
 
Actual cash value coverage, hazard insurance
 
Adjustable rate mortgages (ARMs)
 
adjustment periods
 
assumability
 
features to examine
 
FHA loans as
 
home equity lines of credit as
 
hybrid loans
 
indexes
 
interest-only
 
interest rates
 
life-of-the-loan caps
 
margins
 
negative amortization and
 
online payment calculators
 
option ARMs
 
overview
 
payment caps
 
periodic caps
 
recasting loans
 
teaser rates
 
traditional ARMs
 
two-step loans
 
Adjustment periods
 
for ARMs
 
for two-step loans
 
Advani, Asheesh, background and thoughts
 
Affidavit of title, reviewing and signing
 
Affordability concerns
 
condominiums and
 
costs of buying and owning a home
 
credit history and
 
danger of not addressing
 
debt-to-income ratio
 
newly built houses and
 
old houses and
 
online calculators
 
overcoming financial roadblocks
 
overview
 
principal, interest, taxes, and insurance
 
recurring costs
 
up-front costs
 
See also
Down payments; Financing; Overlooked houses; Purchase price
 
AFR (Applicable Federal Rate)
 
Alarm codes, resetting after move
 
All-cash offers
 
ALTA (American Land Title Association) statements
 
American Society of Consulting Arborists
 
American Society of Home Inspectors (ASHI)
 
Amortization, negative
 
 
Annual percentage rate (APR), interest
 
Appliances
 
electrical outlets for
 
energy efficiency and
 
homeowner’s insurance exclusions
 
home warranties for
 
inspecting
 
manuals and warranties
 
for newly built houses
 
recalled equipment
 
replacement costs
 
See also
Heating and cooling equipment; Water heaters
 
Applicable Federal Rate (AFR)
 
Appraisals/appraisal reports
 
contingency clauses
 
for FHA loans
 
for loan applications
 
to mortgage broker or lender
 
paid for by developers
 
for preapprovals
 
real estate agent role
 
for recent remodels
 
for VA loans
 
Approval or commitment letters, from lenders
 
APR (annual percentage rate), interest
 
Architectural plans, from developers
 
Asbestos, inspections to check for
 
ASHI (American Society of Home Inspectors)
 
“As-is” property
 
Associated General Contractors of America
 
Association of Real Estate License Law Officials
 
Assumability
 
of ARMs
 
of FHA loans
 
of fixed-rate mortgages
 
seller-financed loans and
 
of VA loans
 
Attorney Interview Questionnaire
 
Attorneys, real estate
 
attorney-review clauses
 
closing role
 
co-op closing role
 
earnest money deposits to
 
for FSBO purchases
 
how they are paid
 
overview
 
prepaid legal plans
 
private loan advice
 
purchase agreement addenda drafted by
 
responsibilities of
 
selecting
 
state laws on role of
 
title insurance role
 
wills or living trusts drafted by
 
Attorneys, tax
 
Atwood, Nancy, background and thoughts
 
Auction or public sale properties
 
auctions by sellers
 
buying
 
probate property
 
Audio files
 
listening to

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