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Temple workshop to focus on owning home

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Homeownership remains the American dream for many.

NeighborWorks Homeownership Center in Temple will be holding a free Homebuyer Education Workshop 8:30 a.m. to 4:30 p.m. Saturday at the Historic Post Office, 101 N. Main St., in the first-floor meeting room.

Breakfast and lunch will be provided.

The process of purchasing a home can be intimidating and the purpose of the workshop is to take some of the mystery out of the procedure.

Cody Robinson, NeighborWorks program specialist, oversees the Temple office.

Those attending the workshop will hear from a Realtor and lender, Robinson said.

“They will talk about obtaining a mortgage loan, terms used in that type of transaction and go over all the forms that have to be filled out during the home buying process,” she said. “We also talk about budgeting and managing your money.”

Credit repair will be discussed, which helps the prospective homebuyer get themselves financially ready to take on the purchase, Robinson said.

A daylong workshop won’t cover everything that is involved in purchasing a home, which is a long-term commitment, she said.

Participants will hear about the closing process, and how to keep and maintain a home.

“We really try to cover as much as we can in those eight hours,” Robinson said.

The goal is for those who attend the workshop to leave with a level of confidence, and that they are ready to take the next step.

Some may leave realizing that it’s a big commitment, and they aren’t quite ready and need more preparation, she said.

The class is open to anyone.

NeighborWorks typically works with people who may have some credit issues or have a tighter budget than regular lenders take on, Robinson said.

Those attending will learn about programs they possibly could access, such as down payment assistance, Temple City Council member Judy Morales said.

The city has an incentive program that could cut costs up front for builders, Morales said.

Some of the banks who have special lending programs for the nontraditional customer and NeighborWorks require some home buyers education classes for its clients.

This is a U.S. Department of Housing and Urban Development-approved education class.

NeighborWorks does a survey at the end of the class and most have said the class is informative, Robinson said

Source: on 2018-06-21 00:13:33

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