We all know from HGTV that shopping for a new home is exciting. Somewhere out there are bedrooms, baths, staircases and backyards that line up with our dreams. But actually lining up the funds for a purchase – checking our credit, setting up a budget and getting a loan – is not the stuff of exciting television. In fact, the dollars and sense of homeownership can often be intimidating.
But one local organization has an expert, and an upcoming class, to help make the dollars and cents of buying your dream home much easier. The CHANGE, Inc. Homebuyer Education Course, a comprehensive look at the financial steps to home ownership and management, will be offered from 10:00 A.M. – 5:00 P.M. on Saturday, November 19th at the Benwood/McMechen Housing Authority located at 2200 Marshall Street in Benwood,WV.
“This class is for anyone of any age, background or income level who is interested in purchasing a home,” explained Joy Reese, the Housing Counseling Program Manager at CHANGE, Inc. “Even if you’ve owned a home before.”
In the daylong class, participants learn how to evaluate what a lender requires to make a home loan, make sure their credit scores accurately reflect their current status, and take a look at line-by-line budgeting. In addition to home selection and maintenance, the class addresses how to handle any issues that may cause trouble in making loan payments, and discusses how to prevent foreclosure.
“We look at things like ‘net’ versus ‘gross’ and ‘need’ versus ‘want,’” Reese added. “We also teach people how to read their credit reports, contest anything that is inaccurate, or settle outstanding accounts.”
Participants leave the class with handouts that include useful tips and worksheets, as well as clearly defined next steps and goals for their individual home ownership process.
“We want to help you get the best financing available to you, and we can stay engaged and even follow up with participants,” Reese said.
Participants must pre-register for the next class by Friday, November 11, 2016. Applications can be downloaded from the CHANGE, Inc. website at www.test.changeinc.org or you can stop by the CHANGE, Inc. Administrative office located at 3158 West Street, Weirton, WV or the CHANGE, Inc. Outreach Office at 700 First Street, Moundsville, WV.
Applications require a credit report that is less than 60 days old with a credit score is acceptable to submit with your completed application. You can order your credit report from www.annualcreditreport.com. CHANGE, Inc. can also help provide you with the necessary credit reports with a credit score; Credit report fees are $19.06 for a single report and $26.90 for a joint report.
If you are interested in taking this class, but have more questions; please feel free to contact Joy Reese at 304-797-7733 x1405.