Three tips to beat the competition this home buying season from NeighborWorks America

WASHINGTON, D.C. – (RealEstateRama) — Mortgage rates are very low and home prices are stable or rising in most communities across the United States, and a recent poll by NeighborWorks America, national nonprofit corporation that creates opportunities for people to live in affordable homes, improve their lives and strengthen their communities, found that nearly nine-of-ten consumers say that homeownership is at least somewhat important. In order to get a leg up on the home buying competition, NeighborWorks recommends consumers follow three simple rules to help make home buying go smoothly.

1. Consult a housing counselor for a homebuyer check-up
Knowing the numbers that matter when buying a home is extremely important. More than two-thirds of consumers in a NeighborWorks America survey said that the home buying process is complicated. The best way to get a thorough understanding of the process is to consult with a nonprofit housing counselor. Look for a housing counselor who is a certified professional who could walk a homebuyer through the different types of mortgages and interest rates; the effect credit scores have on being approved for a loan; and how much down payment is needed for purchase.

“The housing market is tough right now, with fewer homes for sale on the market than usual, and new mortgage rules and many mortgage products from which to choose,” said Marietta Rodriguez, vice president for homeownership and lending at NeighborWorks America. “To be in the strongest position to make an offer that is accepted, consumers have to be prepared. That’s where initial consultation with a housing counselor is a great first-step.”

Watch the animated video describing more about the numbers to know.

Contact:
Doug Robinson

202-760-4062
@neighborworkspr

SHARE
NeighborWorks

NeighborWorks America (NW) creates opportunities for people to improve their lives and strengthen their communities by providing access to homeownership and to safe and affordable rental housing.

Since 1991, we have assisted nearly 1.2 million low- to moderate-income families with their housing needs. Much of our success is achieved through our support of the NeighborWorks network ? more than 230 community development organizations working in more than 4,400 urban, suburban and rural communities in all 50 states, the District of Columbia and Puerto Rico. In the last five years, NeighborWorks organizations have generated more than $15 billion in reinvestment in these communities.

NeighborWorks America is the nation’s leading trainer of community development and affordable housing professionals.

Contact:

Tel: (202) 220-2300
Fax: (202) 376-2600

Previous articleConsumers Energy’s Classic Seven Coal Plants Shutting Down
Next articleArchitects Take Leading Position In New Tax Reform Coalition