Buying a Home

[Music plays]

[Woman walks over and sits on the couch next to her boyfriend and then looks at a tablet]

[Couple sits on couch]

[Woman interacts with tablet]

[Boyfriend is watching sports on TV]

>>  WOMAN: Every night it's the same thing with him.

[She looks at him with a smirk]

>>  He just sits there watching sports, with that goofy smile on his face.

[Boyfriend smiles big while watching TV]

>>  Love you Josh, we're all good,

[Pans to boyfriend's bike, skate board and band poster on the wall]

[Woman looks around the apartment]

>>  but I hate this apartment.

>>  THIS is a place I'd LOOOOOOVE to live in.

[Woman zooms in on tablet to see close up of a modern home interior and compares it to her current apartment]

>>  Lots of closet space, a big living room, tons of windows.

[Woman swipes on tablet to see additional interior options.]

>>  I bet it's waaaaaaay out of price range.

[Woman sits tablet on the table]

>>  Are we even ready to buy a home?

[On screen text
Frame 1: Considering a new home? There's a lot to think about...
Frame 2: Location
Frame 3: Lifestyle
Frame 4: Stability]

>>  I love living right downtown. Our friends are just a quick subway ride away, and the commute to work is next to nothing.

>>  Maybe we're good where we are?

[Woman gets up off the couch and walks to closet which is blocked by clutter]

[Woman moves bike from in front of closet door in order to get in]

[Woman opens door and digs through clutter in the closet]

>>  Aaaaand maybe we're not.

[Boyfriend seen watching TV and smiling in the background as girlfriend digs through his clutter]

[Woman sits in front of closet holding a football that has fallen out]

>>  We're buying our own place. One with more storage.

[Woman looks back at boyfriend, shakes her head and smirks]

>>  Most of our friends are buying condos, it can't be that hard.

[On screen text

Frame 1: Buying a home means more than just a mortgage payment.
 • Down payment
 • Closing costs
 • Setting a budget
Frame 2:
Consider a 20% down payment to avoid mortgage insurance.

Frame 3: Closing costs usually make up around 2 - 5% of the purchase price of the home.

Frame 5: Setting a budget
 Mortgage payments won't be your only new expense.
• Utilities
• Taxes
• Insurance
• Home Owners Association fees
• Maintenance costs]


>>  I don't think it'll cost much more than what we already pay for rent. Can it?

[Couple sits on the couch looking enthusiastically at a tablet]

[On screen text
Rent or Buy?
You are not a loan.]

[Music Plays]

[Citi logo]