Pre-Purchase Counseling
At ClearPoint Credit Counseling Solutions, pre-purchase home buyer education is composed of individual counseling sessions and workshops which provide an overview of the home buying process.
The purpose of Pre-Purchase Counseling is to address issues that may prevent or delay affordable mortgage financing, while offering specific steps to help the client achieve their goal of homeownership. The counseling also helps clients understand how to avoid potential problems that might jeopardize their ability to retain their home.
The session includes a complete review of the client’s current financial profile (including an analysis of the income, expenses, debt, and credit obligations). This review will cover the client’s current affordability for home ownership, and a personalized strategy for increasing savings for a down payment. Clients will see how credit plays a role in the home buying process and will learn how to bring their credit reports in sync with lender guidelines. The Housing Specialist also reviews the debt-to-income requirements for various home buying programs, the types of loans and the pros and cons of each, and how to avoid predatory lending. The client can also expect to gain a familiarity with the terms and forms used in the mortgage industry.
Clients will earn a Housing Certificate of Pre-Purchase Counseling as a result of their counseling session.
ClearPoint approved by HUD as a housing counseling provider.
Call ClearPoint at 800.750.2227 (CCCS) to set up a free Home Pre-Purchase Counseling.
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