Freddie Mac Homeowner Readiness Check
This short course for your borrowers provides a solid grounding in the fundamentals of home buying. Click here to begin. [En español]

Worksheets

Preparing for Homeownership

Budget Worksheet [PDF 76K]
Estimate your monthly expenses.
Appliance Cost Worksheet [PDF 33K]
Understand and plan for the repair and replacement costs of appliances.

Mortgage Worksheet [PDF 103K]
Research and compare different lenders and loans.
Prepayment Penalty Mortgages [PDF 28K]
Evaluate the pros and cons of prepayment penalty mortgages.

House Wants vs. Needs [PDF 33K]
Clarify your home needs and wants.
Neighborhood Wants vs. Needs [PDF 22K]
Evaluate different neighborhoods and establish your neighborhood requirements.
House Hunting [PDF 50K]
Compare different houses.
Self Move Budget Worksheet [PDF 22K]
Estimate what you'll need and what it will cost.
Mover Estimate Worksheet [PDF 19K]
Compare different movers before you hire one.
Home Inventory Worksheet [PDF 50K]
Organize your belongings using this worksheet.

Hiring a Contractor [PDF 19K]
Make sure you ask all the right questions when interviewing contractors.
Packing Worksheet [PDF 19K]
Get a packing supply checklist and helpful hints.
Special Items [PDF 18K]
Find out what to do with special items and what you're allowed to load on moving trucks.
Moving Schedule [PDF 48K]
Organize your move and get tips on when to handle specific moving issues.
Getting Settled [PDF 20K]
Get tips on moving day and getting settled quickly in your new home.

Get information about the pros and cons of homeownership.

Preparing For Homeownership:

Rent vs. Buy
Understand the financial differences between renting and homeownership.
Tax Savings
Learn about the potential tax savings with homeownership.
How Much Can You Afford?
Research how much house works within your budget.
How Much Can You Borrow?
Learn how much money you might be able to borrow.

Fixed or Adjustable-Rate?
Understand the financial differences between the fixed- and adjustable-rate mortgage.
Adjustable-Rate Mortgages
Find out how much monthly mortgage payments might be with an adjustable-rate mortgage.
15-year or 30-year Term?
Learn how a different term affects your mortgage payment and overall cost of the loan.
Down Payments
Research how much of a down payment you should consider.
Closing Costs
Estimate what your closing costs might be.
Extra Payments
Learn how advantageous extra monthly mortgage payments might be.
Paying Points
Find out how paying extra points might lower your mortgage rate.
Mortgage Insurance
Understand how to possibly reduce mortgage insurance.

Refinancing Costs
Understand what your refinancing costs might be.
Avoiding Foreclosure

By understanding foreclosure, what may lead up to it, and the foreclosure process, you can be in a better position to recognize and address potential problems that may impact your ability to make every mortgage payment on time.