Given the large upfront costs associated with purchasing a home, most young people begin renting an apartment which is the first step in independency. As they build careers, save money, and start families, many choose to buy a home and take that next step to building wealth. Homeownership establishes a stable environment for families; especially children and creates community involvement that reduces crime, blithe, and depreciation. Debt Management Credit Counseling (“DMCC”) offers homebuyer education workshops and one on one counseling for future home buyers.
During our First Time Home Buyers Workshops attendees will learn about a number of topics, including:
- Budgeting, saving for a home, and down payment assistance options
- Determining when you are ready to buy
- Credit analysis
- The mortgage loan process and affordability
- Choosing the right home for you
- The home inspection process
- Homeowner responsibilities and home maintenance
DMCC is a HUD approved counseling agency for the states of New York and Florida. Many of our certified counselors on staff help families achieve short to long term financial goals. During the one on one counseling sessions, we provide action plans that will help you obtain a sustainable budget, improve your credit, decrease debt, and become mortgage ready. Everyone should take time to educate themselves on financial literacy, obtaining and maintaining good credit, and shopping for good mortgage.