Church Community Housing Corporation

General Outline of Class Schedule and Topics:

 

Affordability, Budgeting and Saving

 Assessing Affordability: Costs of Ownership & Renting vs. Owning

 Budgeting and Saving: How we Spend Money & Ways to Save

 

Credit – Reports, Scores and Consumer Rights

Credit and Its Impact

Types of Credit, Credit Reporting Bureaus & Credit Reports

Credit Scores: What’s a “Good” Score & What Goes Into a Credit Score

 

Qualifying for a Mortgage, Financing & Finding the Right Home

Mortgage Terminology, Important Ratios & What Banks Want from Applicants

Where to Look for a Home

Homeowner’s Insurance

 

The Closing

What to Expect at the Closing

Important Closing Documents

 

Community Land Trust and the Ground Lease

Land Trusts – A Way to Make Homeownership Affordable

The Land Trust Ground Lease Explained

 

 

Please Note:

• Sorry, no children - babysitting services are not available. Please make plans for child care.

• During the course, participants are required to make one-on-one appointments with the Homebuyer Trainer to create a household budget and review credit reports and scores.

• Contact Aubrey Collins at 846-5114, ext. 111 with any questions & to register for the class.