By: American Property Owners Alliance
Buying a home is a significant financial decision that requires careful preparation. Financial education is key to helping you make a property investment that will build your wealth for years to come. The American Property Owners Alliance helps prospective owners like you develop skills that will help you at every step of the home buying process, from determining what you can afford to saving for a downpayment and securing the best mortgage rate.
Here are some financial education resources available to you at low or no cost to set you up for financial success at every step of the home buying journey.
Managing Your Student Debt
Student debt is cited as one of the biggest barriers to homeownership. Understanding your student loan repayment options and the assistance available to you can help you avoid fees and excess interest, putting more money in your pocket for a down payment on a home. The Federal Student Aid resource hub provides a one-stop shop to learn about student loan repayment based on where you are in the process.
There are U.S. Department of Housing and Urban Development approved counselors across the country that provide advice on buying a home, renting, defaults, forbearances, foreclosures, and credit issues at low or no cost to homeowners. Learn more about these services and find a housing counselor near you.
Guidance from REALTORS®
Realtors are licensed real estate agents who are held to a higher ethical standard than other brokers or real estate agents. They are members of the National Association of REALTORS ® and have access to housing market insights and data that other agents may not. Once you’ve saved for your down payment and are ready to explore mortgage lending options, a REALTOR® can help you navigate this process and make a smart property investment that will put you in the best position to build wealth. You can use this tool to find licensed REALTORS® in your area.
Join The Alliance
Americans already face growing barriers to homeownership, from low housing supply to rising mortgage rates. Homeownership is a major component of wealth building and upward mobility, and action must be taken now to improve equity in homeownership. This starts with bolstering financial education and advancing housing policy solutions to set up first-time buyers for success. Join The American Property Owners Alliance and follow us on Twitter and Facebook to get ongoing support and updates, no matter where you are in your homeownership journey