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Sometimes it’s more important to know the right question to ask more than the right answer! Homeward Bound Homebuyer Education modules serve to help potential homeowners understand the home buying process, avoid costly pitfalls and mistakes. These workshops are designed to help guide you through the process of purchasing a home. A total of eight (8) modules are taught in various hands on workshops that allow you to work on your credit and budget, complete your mortgage application, create your own housing plan and understand the homebuying process.
Information: Orientation for HOMEWARD BOUND
Welcome and Overview of the program (FAQ)
Review of current financial knowledge
Pre Homeownership
Module 1: Understanding Credit and Your Credit Report
Advantages/Disadvantages of credit
Understanding your credit report
Creating a plan of action to reduce debt
Module 2: Developing a Budget and Spending Plan
Techniques to track expenses on a daily/monthly basis
Setting goals for savings
Household Budgeting
Money Management Tips
Module 3: Financing Your Home Purchase
Choosing the right loan for you
Understanding the mortgage loan process
Completing the loan application
Pre-qualifying for a mortgage loan
Module 4: Moving Towards Home Ownership
Steps involved in buying a home
Selecting a home and neighborhood Module 5:
Module 6: Choosing a Real Estate Professional
Role of the Real Estate Agent
Understanding the agent relationship
Terms, conditions and contingencies of the Sales Contract
Module 7: Closing On Your New Home
Mock Closing with Attorney
Review of all documents involved in a closing
Module 8: Growing Your Wealth - Keeping Your Home
Home Maintenance
Module 9: What do I do now? - Keeping Your Home
What to do before I miss a payment
What is a workout plan and how do I negotiate it
How to survive foreclosure
