Homeownership is the foundation of American financial mobility and prosperity. Do it right and you’ll build an asset that you can live in or sell for financial gain or pass on to future generations. If you do it wrong, the consequences can be catastrophic to your credit score, bank account and lifestyle. A home, more than any other type of investment, can provide you with stability, pride of ownership and peace of mind.
Yet buying a home is a complicated financial transaction that should not be rushed into. Before obligating yourself to 30 years worth of payments, you want to make sure that you are ready, you fully understand your responsibilities as a homeowner and you are qualified for the best possible mortgage terms.
InCharge Debt Solutions is committed to helping consumers become mortgage ready understand how to turn homeownership into an advantage instead of a liability.
The below resources are designed to help you become an education consumer of affordable housing.
If you are in the Central Florida region, we’d like to invite you to one of our free housing education workshops, where we’ll teach about improving your credit for homeownership, identifying how much home you can afford, and a step-by-step approach to purchasing an affordable home.
InCharge’s online homebuyer education course is HUD-approved and provides you with the tools and knowledge you need to buy an affordable, sustainable home.
This thirteen chapter guide will provide you with everything you need to know to become an education homebuyer, including information about how to determine what you can afford, how to get pre-approved for a mortgage, how to improve your credit for the best possible mortgage terms, how to find and close on an affordable home.
Find out about downpayment assistance programs from state and federal sources.
Learn how to shop for homeowner’s insurance, including questions to ask, and the importance of shopping around. Also includes a discussion on the difference between replacement value and market value.
This article explains how personal residency exemption can help you from paying big capital gains taxes on the sale of your primary residence.