WHAT IS PRE-PURCHASE COUNSELING?
Buying a home is one of the biggest decisions a family will make. Being prepared for homeownership and making a good purchase decision is essential for you and your family’s future.
In a one-on-one session, the counselor and you will discuss your goals and challenges and together, you will create an individual action plan with specific steps to reach the goal of successful homeownership.
Your action plan will include:
Comprehensive assessment of income and expenses
Household budget analysis
Review of balances and monthly payments to creditors
Short and long term goals
Money-management skills for homeowners
Identification and avoidance of Predatory Lending practices
Development of a savings plan for down payment and closing costs.