| 
The Cape Fear Regional CDC Home Ownership Counseling Program is designed to provide counseling in group settings as well as on-on-one with those who are interested in becoming first-time homebuyers or who are currently homeowners. Through our program, the potential homeowner will learn the process of buying a home from the initial decision to purchase a home to the loan closing. we also address post-purchase issues that the homeowner may encounter after moving into their home. Our program includes counseling and education to address credit issues, designing and implementing a reasonable and attainable budget, and developing financial disciplines to establish saving for a first home or for emergencies.
An application is the initial step for all of our counseling services. Once the application is completed, a Housing Counselor reviews it. A meeting is then scheduled with the prospective homebuyer to review the application, determine a goal, address credit issues and establish a plan to reach their goal of home ownership.
The Cape Fear Regional CDC currently provides the following counseling services:
Housing Counseling:
- The Home Buying Process
- Life-long Money Management
- Financing a Home
- Qualifying for a Mortgage
- Shopping for a Home
- The Loan Application Process
- The Closing Process
- Life as a Homeowner
- Getting to Know and Taking Care of a Home
Predatory Lending:
- You MUST Read the Documents
- Recognizing Balloon Payments
- Identifying Excessive Fees
- Identifying Abhorrent Interest
- Recognizing High-cost Loans
Reverse Mortgage Counseling:
- Eligibility Requirements for the Reverse Mortgage
- Amount Available to be Borrowed
- Uses of the Reverse Mortgage
- Payment Options Available
- Repayment of the Reverse Mortgage
Default Lending:
- Early Intervention Strategies
- Alternatives to Foreclosure
- Default and Delinquency
- Budgeting to Save Money and Reduce Debts
- Financial Management Concepts
- Understanding Insurance Types
|
