Pre-Purchase Education
Catherine Courtney, Housing Director
Mary L. Lane, Training Coordinator
| This program of education will help individual determine weather or not they are ready to become future homeowner. This counseling will help those individuals to understand and determine their current financial status as well as review and improve their current financial readiness for the Home buying process, assist individuals to successfully identify potential properties and financing opportunities, help individuals gain basis knowledge of the purchase, mortgage and closing process of the home buying procedures. This will help those individual develop and gain an understanding of the basis concepts involved in home maintenance and financial management after a home purchase has been attained. |
| Pre-
Purchase Counseling This program is offered to
individuals’ one-on-one giving the personalized attention deserved. Pre
purchase counseling consists of various counseling components designed
to fit
individual needs as determined. An individual counseling design may
consist of
three or all of these counseling sessions as follows:
Budgeting
Counseling - Guide customer toward developing and managing a
household
spending plan, help customers develop an understanding of the
importance of
saving.
Credit
Counseling – Help
customer develop a spending plan to save monies to
pay old and unpaid debt. Help customer to develop a strategy to address
current
and past credit obligations. Encourage the importance of timely payment
of
monthly obligation and responsible financial behavior.
Debt
Reduction Counseling – Utilization of an automated debt reduction
program to assist customer in developing a plan for reducing
outstanding debt.
Follow-up
Counseling – Provide assistance; verify information,
Follow-up session,
track customer progress, update counseling logs, updating customer
program
status: appointments, file close-outs, participants withdrawals.
Mortgage
Loan Counseling – Provide a basic understanding of the
Pre-qualification
session, Loan documentation session, Pre-application Session, Mtg. Loan
application session and Loan Document session.
Home
Purchase Counseling- Prepare customer for closing and
reviewing of
closing documents.
Insurance Counseling
– Help
customer secure proper insurance coverage, refer
customer to homeowner’s insurance providers and review insurance
policies to
insure proper coverage.
|
| Post
Purchase Education Provide basis instruction to
make homeownership sustainable. Educational sessions are designed to
provide knowledge and equip individual with a concrete methodology to
home maintenance and repair techniques as well as financial management
strategies and guidelines after home purchase has been attained. Post
purchase education will also provide individual with the basis
understanding of various preventive maintenance terminology.
|
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All rights reserved
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