Ithaca College

April is National Financial Literacy Month - check out our website by clicking here!

Saturday, April 15, 2017, 3:30 PM - 5:30 PM

This FREE workshop covers the pros and cons of renting versus owning a home, the home buying process, and financially protecting your home. During the workshop, prospective home buyers will learn to:

• Explain the advantages and disadvantages of renting versus owning a home
• Identify questions to ask to determine their readiness to buy a home
• Identify the steps required to buy a home
• Identify basic terms and required disclosures used in a mortgage transaction
• Describe the advantages and disadvantages of different mortgage options
• Describe how interest rates affect the amount of house they can buy
• Explain how taxes and insurance affect a monthly payment and the amount of house they can buy

Homeowners will learn to:

• Describe the advantages and disadvantages of borrowing against a home
• Explain what to do if they are having trouble making payments
• Describe different types of refinancing options
• Explain the advantages and disadvantages of a reverse mortgage
• Identify predatory lending practices and loan scams

To register, please visit http://ccetompkins.org/events/2016/04/16/your-own-home.