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Does Home Buyer Education Lead to Housing Stability?

Posted on July 12, 2016 by Community Real Estate

Borrowers are making better choices to achieve housing and financial stability thanks to counseling programs in mortgage literacy and preparedness, home buyer outcomes, and loan performance, according to a new report from the U.S. Department of Housing and Urban Development (HUD). A study into the benefits of counseling buyers was released by HUD, titled, “The First-Time Home Buyer Education and Counseling Demonstration,” which found that programs to educate new buyers improved mortgage literacy, created greater appreciation for communication with lenders, and enhanced underwriting qualifications. HUD studied more than 5,800 prospective first-time home buyers across 28 metro areas.

About Community Real Estate

Community Real Estate is a Real Estate Brokerage committed to provide quality professional services. We are a full service company with in-house lending. We are Realtor®s and HUD approved selling agents. We are expert Short Sales, Listing Agents and Buyers’ Agents. We also specialize in First Time Buyers, Second Homes, Vacation Homes, Investment Homes, Leasing and Rentals, Relocations, Probate sales, Vacant Land sales, Manufacture Homes/Mobile Homes sales, Foreclosures, Distress Properties and REO listings and sales. We support our America’s Heroes. We look forward to meeting you and your needs!

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