Luckily, homebuying guidance and preparation can turn those obstacles into homeownership opportunities, according to Milan Griffin, Chief Operating Officer of HomeFree-USA. Milan Griffin and HomeFree-USA partner with Wells Fargo to increase diversity and inclusion for both homebuyers and mortgage industry employees. ( (photo courtesy of HomeFree USA)“When people are ready to start the homebuying process, they usually call a realtor or loan officer first, instead of a HUD-certified Homeownership Advisor,” said Griffin. Doing so, hurts homebuyers by limiting their access to money-saving mortgage programs and increases the likelihood of loan denial. Homeownership Advisors make the process easier by helping homebuyers overcome the four biggest obstacles to homeownership – credit, debt, savings, and downpayment.

Source: Forbes June 25, 2024 22:17 UTC