Are you dreaming of owning your own home? Would you like to avoid the pitfalls of buying a home? Before you do anything else read My First Home: A step-by-step guide to achieving the ultimate American dream by Shashank Shekhar with Richa Sarin.
Reading this book could save you a lot of time and trouble.
The author walks you through the process of buying a home from being sure you are ready to buy a home, finding a Home Buying Team, and getting Pre-Approved, all the way to living in your house and making it a home.
There is a lot of good advice in this book. The author recommends getting out of debt, and saving up for a deposit, before you do anything else. That does make it lots easier.
Chapters include information on how to start looking for a house, knowing what kind of home you want, some things to look out for, getting a mortgage, home inspections and appraisals, how to hold titles, and tips on saving money on utilities.
The book is well written and easy to understand without making you feel like he is talking down to you. I like that.
First time home buying is a special occasion in everyone’s life. But because of the complexities around it, most people approach it with a mix of fear, anxiety and uncertainty. I wrote this book with the sole purpose of making the process easier and more predictable.
This book first helps you in deciding whether you are ready to buy or not and then gives a step-by-step instruction on what you can expect along the process should you decide to buy. The book takes it a step further and even advises you on steps you can take to remain a happy homeowner.
Few things have greater impact on net worth than owning a home. In a comparison of renters versus homeowners, the Federal Reserve Board of Consumer Finance found that the average net worth of renters was just $4,000 compared to homeowners at $184,400.
Homeowners create positive environments for families. Children of homeowners are 59% more likely to become homeowners. Their children are also 25% more likely to graduate from high school and 116% more likely to graduate from college. (Source – Rossi and Weber National Survey of Families.)
There can be no other benefit that can beat the emotional satisfaction of home ownership. Whether it’s having the nicest lawn on the block, or having your own backyard and garage or being able to color the walls the way you want, it is so much more fun than renting.
Remaining in one neighborhood for several years lets you and your family establish lasting friendships, and offers your children the benefit of educational continuity.
A home often symbolizes family, rest and security — it’s not just four walls and a room. Because of this, home buying and selling can be an emotional undertaking and a personal milestone.
Just a few simple steps before you write that purchase offer can turn your fortune and have other would-be buyers wondering – what are they doing that I’m not?
After all, even though we pretend to look logical, most of our decisions are based on emotions.
Establishing a good credit history has never been as important as it is today. It’s not just that you’ll need good credit to get decent rates when you’re ready to buy a home or a car. Your credit history can determine whether you get a good job, a decent apartment or reasonable rates on insurance. It’s a classic Catch-22: You’ve got to have credit to get credit. So where do you start?
To get the best credit score, you need a mix of different credit types including revolving accounts (credit cards, lines of credit) and installment accounts (auto loans, personal loans, mortgages).
About the Author:
Shashank Shekhar is the founder and CEO of Arcus Lending, which has grown over 1000% in the last three years by helping thousands of families secure better financing for their homes. He is a well-known writer and blogger in his field, and has been featured in Yahoo! News, FOX, The Washington Post, Bankrate.com, Huffington Post and several other media outlets for his expertise.
Shekhar is the Amazon.com best-selling author of First Time Home Buying 101, Real Estate Unleashed, and the much anticipated My First Home: A Step-by-Step Guide to Achieving the Ultimate American Dream. He is the host of the TV and radio show, “Mortgage Matters,” and was interviewed by Emmy Award-winning director Nick Nanton on his TV show.
His awards include: “Top 40 Under 40′′ most influential mortgage professionals in the country for 2012, 2013 and 2014 by National Mortgage Professional Magazine; “Hot 100′′ movers and shakers in the country by Mortgage Professional America (MPA) for 2014, 2015, 2016; “Top 200 loan officers in the country” (ranked by production volume) by Origination News – 2014, 2015, 2016; “Top 25 most connected mortgage professionals in the country” in 2011 and 2014 by National Mortgage Professional Magazine; Scotsman Guide Top Originators – 2015, 2016; Nominated for “Entrepreneur of the Year” award at Silicon Valley Awards, 2013.
Shashank has an MBA in marketing, and before founding Arcus Lending, worked for GE Money in mid-level management and worked for a start-up mortgage origination company as Director of Product Management. He credits the success of Arcus Lending to legendary customer service and an unrelenting focus on education. Shashank lives and breathes the mantra “We are in the customer service and education business; we just happen to do mortgages.”
Shashank sits on the board of Give India, a non-profit that works for fundraising for Indian charities. He is a homeowner in Saratoga, CA with his wife Smita and two daughters, Anishka and Anya. When he is not busy growing his company, he can be seen skydiving from 15,000 feet or learning biohacking techniques.
I received a free book to review.