housing networkLand Trust

PROGRAM OVERVIEW

 
 
 
 
 
 
 

class information

Homeownership Connection classes are offered in various sites through out the state. Classes are held commonly Monday-Thursday evenings, Saturday Mornings and on one or two weekday mornings. The classes are offered in English and Spanish regularly with additional languages added based on need.

When registering for classes, fee must be paid prior to taking the class to ensure you will have a seat. The class fee can be paid either by check, money order or using a credit/debit card.

To register, call 401-521-1461 or 1-888-722-1461(toll free)

Homebuyer Classes

Buying My Home
Buying My Home is the Homeownership Connection Core Class, it is designed for people who are ready or will be ready within six months to be pre-approves for a mortgage. The class is a twelve-hour class that meets on six consecutive weeks for two hours per session.

Session 1- in this session you will:
• Identify the steps in the home buying process
• Evaluate the advantages and disadvantages of homeownership
• Calculate your monthly income
• Understand language used in the buying process
• Decide whether homeownership is right for you

Session 2- in this session you will:
• Recognize spending patterns
• Identify what type of spender you are
• Define needs vs. wants
• Create your own monthly budget
• Develop a savings plan
• Understand savings accounts

Session 3- in this session you will:
• Identify the various types of credit
• Understand credit scoring
• Develop a plan for increasing your credit scores
• Realize your rights as a consumer
• Recognize and address Identity Theft
• Equip yourself with tools for correcting errors on your credit report

Session 4- in this session you will:
• Evaluating your “wants vs. needs” in your dream home
• Understand the role of a real estate agent
• Develop a shopping plan for a home
• Understand the components of a Purchase and Sales Contract

Session 5- in this session you will:
• Identify the types of home loans available
• Recognize predatory lending practices
• Realize your rights as a consumer
• Equip yourself with the proper tools to shop for a home loan
• Understand the best loan for you

Session 6- in this session you will:
• Understand the different types of homeowner insurance
• Recognize the different papers which will be used at CLOSING
• Identify the steps to protect your home from foreclosure
• Develop a plan for maintaining your home
• Understand the seriousness of lead in older homes and the ways to protect my home and family from lead poisoning

Financial Fundamentals

Financial Fundamentals is designed for people who will need than more six months to prepare to become pre-approved for a mortgage. The class is a Eighteen-hour class that meets on ten consecutive weeks for two hours per session.

Session 1-in this session you will:
• Identify what type of spender you are
• Define needs vs. wants
• Create your own monthly budget

Session 2-in this session you will:
• To evaluate your spending patterns
• How to create a savings plan
• How money can grow

Session 3-in this session you will:
• Identify the various types of credit
• Understand credit scoring
• Develop a plan for increasing your credit scores
• Realize your rights as a consumer
• Recognize and address Identity Theft
• Equip yourself with tools for correcting errors on your credit report

Session 4-in this session you will:
• Understand the advantages of utilizing bank accounts
• Identify types of accounts
• Develop a system for choosing a bank

Session 5-in this session you will:
• Understand the types of insurance available
• Choosing the right policy for you
• Evaluate the types of insurance and how much is necessary

Session 6- in this session you will:
• Identify the steps in the home buying process
• Evaluate the advantages and disadvantages of homeownership
• Calculate your monthly income
• Understand language used in the buying process
• Decide whether homeownership is right for you

Session 7- in this session you will:
• Evaluating your “wants vs. needs” in your dream home
• Understand the role of a real estate agent
• Develop a shopping plan for a home
• Understand the components of a Purchase and Sales Contract

Session 8- in this session you will:
• Identify the types of home loans available
• Recognize predatory lending practices
• Realize your rights as a consumer
• Equip yourself with the proper tools to shop for a home loan
• Understand the best loan for you

Session 9- in this session you will:
• Understand the different types of homeowner insurance
• Recognize the different papers which will be used at CLOSING
• Identify the steps to protect your home from foreclosure
• Develop a plan for maintaining your home
• Understand the seriousness of lead in older homes and the ways to protect my home and family from lead poisoning

Fast Track (8 Hours)
The Fast Track class is designed for people who either have a signed Purchase and Sales Agreement and/or an expired homebuyer-training certificate. The class is an eight-hour class that meets on two consecutive weeks for four hours per session. The fast track cover the topics list in “Buying My Home” in an accelerated manner.

ELECTIVES

How to be a Successful Landlord
How to be a successful Landlord is designed for current or future multi-family homeowners. The class is six hours and meets on either two consecutive weeks for three hours per session or meets three consecutive weeks for two hours per session.

Condo
This class is designed for first-time homebuyers who have decided to or are interested in exploring the option of purchasing a condominium. The class is six hours and meets either two consecutive weeks for three hours per session or three consecutive weeks for two hours per session.

Land Trust
This class is designed for first-time homeowners who are purchasing a home through a non-profit developer who manages a land-trust or through the statewide land trust. The class will illustrate the unique regulations involved in owning a land trust home.

Habitat for Humanity Homes
This class is specifically designed for homeowners who participate in Habitat for Humanity Programs. Click on link for more information on Habitat for Humanity

Homeowners

Financial Fundamentals for Homeowners
This class is designed to assist those who currently own a home. The class includes spending plans, savings, understanding credit and retirement and investment information.

Financial Workshops
Three-hour workshops are presented to increase your knowledge in a specific area.

• Home repair and maintenance-
• Refinancing you mortgage loan
• Foreclosure Prevention
• Investing for your future
• Home Equity and Repair Loans

Home Repair and Maintenance
Three-hour workshops are presented to increase your knowledge in a specific area.

• Painting
• Window replacement
• Landscaping
• Vegetable gardening
• Working with a contractor
• Basic Home Repair