The Importance of Homebuyer Education
1. Homebuyer education teaches the basic “financial literacy” skills of budgeting, saving, credit and debt management.
2. Homebuyer education teaches about the home buying process—its complexities and costs.
3. Homebuyer education helps consumers make wise consumer choices and avoid predatory
4. lenders and other pitfalls related to home ownership.
5. Homebuyer education builds trust with customers in the mortgage lending process.
6. Homebuyer education helps consumers to access affordable financing.
7. Homebuyer education helps families to become successful long-term owners.
8. Homebuyer
education creates more mortgage-ready
buyers. Homebuyer education reduces
delinquencies and defaults. According to
Freddie Mac’s data on almost 40,000
Affordable Gold loans, borrowers who receive
pre-purchase homeownership counseling have,
on average, a 19
percent
lower 90-day delinquency rate.Great Choice
TN Mortgage Loan Program
Great Choice TN Mortgage Loan Program
http://www.thda.org/index.aspx?nid=607
First-time Homebuyers: Great Choice Mortgage Loan Program Information
http://thda.org/index.aspx?NID=623
Repeat Homebuyers: Great Choice Mortgage Loan Program Information
http://tn-tennesseehda.civicplus.com/index.aspx?nid=625
Military Homebuyers: Great Choice Mortgage Loan Program Information
http://tn-tennesseehda.civicplus.com/index.aspx?nid=626
http://thda.org/DocumentCenter/View/5204#page=5
http://thda.org/DocumentCenter/View/4563thda
http://tn-tennesseehda.civicplus.com/DocumentCenter/Home/View/596