Catching up with Fellow Allison Demirjian
Allison is the Daughter of MFF Founder, Michelle Demirjian. Allison is one of our original Pioneer Fellows to go through the MFF program. She interned internally with MFF to get a more hands on learning experience. Allison graduated with a Bachelors of Health Science Studies in 2021 and an Masters of Business Administration in 2022 […]
Catching up with Fellow Joseph Crepeau
In this podcast, we catch up with Joseph Crepeau in his journey from NH to SC/NC. Joseph has radically changed his life by taking on a new career and moving out of home for the first time.
Homeownership: Closing Day & Beyond – Part 1 of 4
The Closing Process Nothing should be a surprise to you on closing day. Your lender and settlement provider (a law office or a title company) will send you the important final financial information for you to review before closing day. A law office or a title company facilitates the actual real estate transaction. They are […]
Homeownership: Closing Day & Beyond – Part 2 of 4
Important Documents On closing day, there will be a lot of documents to sign, so it is important to understand what information is contained in each document. Closing Disclosure Throughout the underwriting process, your lender is required to keep you updated on the loan estimate. The estimate may change slightly through the underwriting process until […]
Homeownership: Closing Day & Beyond – Part 3 of 4
Beyond the Mortgage Payment When you close on your property, you may have all of your property taxes and home insurance included with the payment and interest for your PITI or mortgage payment. In the next two sections we are going to look at property taxes and insurance as separate items in case you are […]
Homeownership: Closing Day & Beyond – Part 4 of 4
Budgeting for Home Maintenance When you own a home, there are other costs you will have to consider besides your monthly PITI payment of Principal, Interest, Taxes, Insurance. House maintenance costs will vary greatly on the type of house you buy. Size – the more square footage the house, the chances are the more you will […]
Visioning Homeownership – Part 1 of 4
Planning to Buy a House A home purchase is likely the most expensive purchase you will make – so you’ll want to put a lot of thought into purchasing property. It is important to understand all the factors that go into buying your first house, especially where this house purchase fits into your long-term financial […]
Visioning Homeownership – Part 2 of 4
Things to Consider When Buying a House If you are buying a home by yourself, then you only have to consider your needs when listing what you want in a house. However, if you are married or planning to marry, you may need to create a list of priorities and discuss which are necessities and which […]
Visioning Homeownership – Part 3 of 4
Homeownership Goals What personal finance goals have you set for yourself in regards to buying a home? Reaching your goals is possible when they are S.M.A.R.T. – Specific, Measurable, Achievable, Relevant, and Time-bound. For example, just saying that you want to buy a house is not specific, measurable or time-bound. Let’s take a look at each component of S.M.A.R.T. […]
Visioning Homeownership – Part 4 of 4
Cost Related to Buying a House There are several costs that are incurred when it comes to buying a house, including underwriting costs with the lender, transfer taxes, and title charges. Many of these costs are included in the mortgage as closing costs. Properties are most commonly purchased with a down payment and mortgage, but […]