Homebuyer Education/Counseling

Buying a home can be more complicated than renting an apartment or a house. Homeownership is a long term financial commitment and a weighty responsibility. If you want to be a responsible homebuyer in today’s market you need to make sure you have a solid plan in place for financing a new home to avoid the financial hardship and heartbreak of foreclosure. You need to know you’re making the right choice for your family and finances as you buy a new home.


One of the most valuable aspects of the course is information about the homebuying and mortgage process. Taking a class before you apply for a mortgage can be especially valuable to people who have credit problems or have never established credit. If you get down payment assistance, you may also be required to take a homebuyer education class.


As you start looking and begin the home purchasing process, make sure not to buy beyond your means; this is why shopping for a mortgage is so important as they offer different rates. You can use a mortgage calculator to help determine the terms you want to negotiate on your mortgage contract. You’ll need to provide your lender with documentation of your income, your expenses, the source of your down payment and other financial data. 


A homebuyer counselor will give you one-on-one assistance and provide information on just about every aspect of buying a property from start to finish. Topics covered such as budgeting, credit, shopping for a mortgage, home inspections, insurance, how to work with a real estate agent and the closing process can all help borrowers make better choices to achieve housing and financial stability. By going through this course, and consulting with a counselor you’ll learn the good and the bad about ownership, which can help you decide if you’re ready for the responsibility.


Consulting with a financial counselor four to six months before you plan to start the homebuying process can be beneficial.


Please call us today at 817-484-0212 to speak to us today about our homebuyer education and counseling services.