ORIENTATION
MEETING AND BUYER READINESS WORKSHOP
"Misinformation
about the relationship between paying bills on time and
being able to qualify for a mortgage is of great concern,"
said Franklin Raines, Fannie Mae Chairman. "As an industry,
we've made great progress in knocking down barriers to homeownership.
For example, to address the problem of not having enough
money for a down payment, the mortgage industry has more
widely offered low down payment loans. But the high percentage
of Americans who don't connect paying bills late with the
potential for problems later when they try qualifying for
a mortgage is a new and very disturbing trend."
TLC
believes that we will better serve the greatest number of
our clients by focusing our initial education efforts on
budgeting and credit readiness. Topics of discussion include:
program guidelines for downpayment assistance; the pros
and cons of homeownership; budgeting; understanding your
credit report and resolving credit issues. The free two-hour
night class is held monthly at the public library or at
another conveniently located site.
Orientation schedule
There are no prerequisites
for attendance; individuals are not pre-screened for income
eligibility or City/County location preference; and registration
may be made by telephone.
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