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Homebuyer Workshops

 

Belmont's Homebuyer Workshops are free.
These 4-hour workshops are split into 2 nights or days.
These workshops are often a requirement to participate
in Down Payment/Closing Cost Assistance Programs,
Savers Clubs and First-Time Homebuyer Mortgages.

This program is approved by and fulfills the education
requirements of HUD, Fannie Mae, Freddie Mac, the
Federal Home Loan Bank and area lenders. Please
be advised that in order to attend the workshops,
you must make a reservation. Those who do not
will not receive a Certification of Completion.

For more information or to make a reservation,
call (716) 884-7791 Ext. 131 • TDD 711.

 

I. Preparing for Homeownership

  1. Preparing for Homeownership
    1. Do you really want to own a home?
      1. Advantages and Drawbacks
  2. Qualifying for a Loan
    1. Budget
      1. Tips for budget
      2. Tips to decrease spending
      3. Attacking your debt
    2.  Savings
      1. Savings schedule
      2. Income tax credits
      3. Ways to lower closing costs and increase down payment
      4. IDAs
    3. How Much House Can You Afford?
      1. Increase your borrowing power
      2. Lender's qualifying guidelines
      3. Costs of purchasing a home
      4. Monthly cost of homeownership
    4. Credit
      1. What is a credit report?
      2. Fair and Accurate Credit Transaction Act:
        free credit report
      3. FICO scoring/your credit score
      4. Dealing with bad credit
      5. Alternative credit
      6. Establishing credit
    5. Predatory Lending
      1. Avoiding predatory lenders
      2. How to protect yourself
      3. Predatory lending tactics
      4. The "don'ts" of predatory lending
      5. Where to file a complaint

 

II.  Purchasing a Home

  1. Shopping for a mortgage
    1. Sources - Types of lenders
    2. Types of mortgages
  2. Shopping for a home
    1. Wants vs. needs
    2. Leads
  3. Players in your home purchase
    1. Who are the players?
    2. Roles of a realtor
      1. Choosing a real estate agent
    3. Hiring a home inspector
      1. What a home inspection contains
      2. Using the home inspector
  4. Comparison shopping
  5. Negotiating the purchase
    1. Submitting an offer
  6. Terms of a contract
    1. Contingencies
  7. Obtaining a mortgage
    1. Loan processing
    2. Reasons your loan might be rejected
    3. Loan terms
  8. Closing on a loan
    1. What happens before
    2. The documents
    3. Fees paid to lender
  9. Moving into your new home
  10. Meeting your obligations
  11. Avoiding foreclosure
    1. Why foreclosure rates have risen
  12. Refinancing
    1. Why refinance?
    2. Refinance tips
    3. Questions to consider before refinancing
    4. Cash out debt consolidation
    5. Home Equity loans
  13. Cost-effective energy conservation
    1. Energy Star
  14. The STAR program
  15. Maintaining your home
    1. Hiring a contractor
  16. Conclusion
    1. Reaping the benefits of home ownership
    2. Responsibilities of home ownership

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