Free Homebuying Workshop in Miami by Financial institution of America

MIAMI – To kick off Nationwide Homeownership Month in June, Financial institution of America helps hopeful homebuyers get one step nearer to homeownership with a free homebuying workshop occasion. The workshop will present steering and sources that can assist you be taught and put together for homeownership.

Former CNN en Español senior anchor Glenda Umaña will lead a dialogue with Justine Jimenez-Garcia, Dealer Proprietor, Countywide Properties, NAHREP Nationwide Coach & 2023 Incoming President for Miami Affiliation of Realtors, and Joe Velazquez, Senior Vice President, Financial institution of America. Umaña, Jimenez-Garcia and Velazquez will talk about the affect that homeownership can have on constructing generational wealth.

Free Homebuying Workshop in Miami by Bank of AmericaFollowing the dialogue, Financial institution of America will host a free homebuyer workshop, throughout which attendees will be taught:

  • The advantages of proudly owning a house
  • How one can evaluation your credit score rating and resolve how a lot you’ll be able to comfortably afford
  • The varieties of mortgage packages on the market, together with a 3% down cost mortgage with lower-cost mortgage insurance coverage
  • Steps to changing into a homebuyer and understanding when to decide on prequalification vs. preapproval
  • Sources to seek out down cost help packages

The workshop is scheduled for Saturday, June 3 9:30am – 12:00pm on the Miami Dade School – North Campus; Constructing 2, Lecture Corridor 2158 (First flooring), 380 NW twenty seventh Ave.

Constructing Wealth and Legacy

As a part of the Neighborhood Homeownership Dedication, Financial institution of America helps first-time and different qualifying homebuyers throughout the nation start to construct their private wealth and household legacy by the ability of homeownership.

By means of a mixture of specifically designed merchandise, sources and experience, this system is meant to assist 60,000 households obtain homeownership by 2025. With one of the vital beneficiant grant packages within the trade, Financial institution of America affords as much as $17,500 in mixed down cost and shutting prices grants – no compensation obligatory.

Moreover, the Financial institution of America Down Cost Middle helps homebuyers discover state and native down cost and shutting value help packages of their space and the Financial institution of America Actual Property Middle® identifies down cost and shutting value grant-eligible properties on the market throughout the nation.