Home Ownership Archives - The Washington Informer https://www.washingtoninformer.com/category/supplements/home-ownership/ Black News, Commentary and Culture | The Washington Informer Thu, 13 Jun 2024 21:21:07 +0000 en-US hourly 1 https://www.washingtoninformer.com/wp-content/uploads/2022/01/cropped-Site-Icon-32x32.png Home Ownership Archives - The Washington Informer https://www.washingtoninformer.com/category/supplements/home-ownership/ 32 32 121622320 Know Your Rights as a Homebuyer and Homeowner https://www.washingtoninformer.com/homeownership-discrimination-rights/ https://www.washingtoninformer.com/homeownership-discrimination-rights/#respond Wed, 12 Jun 2024 04:05:00 +0000 https://www.washingtoninformer.com/?p=1208386 person holding silver key

The Equal Rights Center, FHA, and District of Columbia's Office on Human Rights are all working to protect homeowners from discrimination in housing, including appraisal discrimination, housing discrimination, and fair housing laws.

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Local, Federal Government Responds to Homeownership Gap with Policies, Programs, Products, Partnerships https://www.washingtoninformer.com/housing-discrimination-homeownership-gap/ https://www.washingtoninformer.com/housing-discrimination-homeownership-gap/#respond Wed, 12 Jun 2024 04:04:00 +0000 https://www.washingtoninformer.com/?p=1208380 HUD acting Director Adrianne Todman this month announced new FHA funding to promote fair housing and root out discrimination. (Courtesy photo)

The Biden-Harris Administration, D.C. and Prince George's County are working to increase Black homeownership through policies, programs, products, and partnerships, with the goal of closing the racial gap in homeownership.

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How to Make Homebuying Easier and Less Expensive https://www.washingtoninformer.com/home-buying-guidance-dmv/ https://www.washingtoninformer.com/home-buying-guidance-dmv/#respond Wed, 12 Jun 2024 04:01:00 +0000 https://www.washingtoninformer.com/?p=1208285 Milan Griffin and HomeFree-USA partner with Wells Fargo to increase diversity and inclusion for both homebuyers and mortgage industry employees. (Courtesy of HomeFree USA)

HomeFree-USA, in collaboration with lending partners like Wells Fargo, is helping renters become homeowners by providing guidance and preparation, including financial education and downpayment programs, to overcome the four biggest obstacles to homeownership – credit, debt, savings, and downpayment.

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Pathway to Purchase Homebuyer Assistance Program Issues New Guidelines https://www.washingtoninformer.com/prince-georges-county-homeownership/ https://www.washingtoninformer.com/prince-georges-county-homeownership/#respond Wed, 12 Jun 2024 04:00:00 +0000 https://www.washingtoninformer.com/?p=1208314 **FILE** Courtesy of princegeorgescountymd.gov

Prince George's County's "Pathway to Purchase" program offers up to $25,000 in down payment and closing cost assistance for eligible first-time home buyers, in partnership with the State of Maryland's Mortgage Program and the Redevelopment Authority of Prince George's County.

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REALTORS Address Changes to Their Industry https://www.washingtoninformer.com/prince-georges-county-real-estate-changes/ https://www.washingtoninformer.com/prince-georges-county-real-estate-changes/#respond Wed, 12 Jun 2024 04:00:00 +0000 https://www.washingtoninformer.com/?p=1208317 Gene Sementilli, president of the Prince George's County Association of REALTORS

The National Association of REALTORS® has reached a settlement with home sellers, which will change the way real estate professionals communicate offers of compensation and require buyers to sign a written agreement before touring a home.

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The Role of Homeownership in Black Wealth https://www.washingtoninformer.com/black-homeownership-wealth-gap/ https://www.washingtoninformer.com/black-homeownership-wealth-gap/#respond Wed, 12 Jun 2024 04:00:00 +0000 https://www.washingtoninformer.com/?p=1208322

TD Bank has committed to increasing homeownership by diversifying its mortgage salesforce, launching a Special Purpose Credit Program, expanding FICO score requirements, and creating TD's Fair Lending Center of Excellence to further reinforce and advance its commitment to fair and responsible banking.

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4 Things to Research Before Buying a Home https://www.washingtoninformer.com/home-buying-checklist-recommendations/ https://www.washingtoninformer.com/home-buying-checklist-recommendations/#respond Wed, 12 Jun 2024 04:00:00 +0000 https://www.washingtoninformer.com/?p=1208334

Buying a home is a major investment, so it's important to research and prepare for the process, including defining your wants and needs, understanding the home-buying process, comparing mortgage rates, and considering the pros and cons of a fixer-upper.

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Connecting With the Next Wave of Homeowners https://www.washingtoninformer.com/wells-fargo-partner-adw-tour/ https://www.washingtoninformer.com/wells-fargo-partner-adw-tour/#respond Wed, 12 Jun 2024 04:00:00 +0000 https://www.washingtoninformer.com/?p=1208339 The Wells Fargo team was onsite for the tour events in Washington, D.C., hosted by Howard University.

Wells Fargo has partnered with the cast of "A Different World" to raise awareness and enrollment for HBCUs, while also providing resources on scholarships, career opportunities, homeownership, and building generational wealth.

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Pass It On: A Plan for Transferring Wealth to the Next Generation https://www.washingtoninformer.com/wealth-transfer-financial-planning/ https://www.washingtoninformer.com/wealth-transfer-financial-planning/#respond Wed, 12 Jun 2024 04:00:00 +0000 https://www.washingtoninformer.com/?p=1208344 John Ripoll, senior vice president for Wells Fargo Advisors

Estate planning is essential for transferring wealth to future generations, and it is important to regularly review your plan to ensure it continues to meet your needs.

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Preserving Homeownership: Open Communication is Key https://www.washingtoninformer.com/homeowners-retain-homeownership/ https://www.washingtoninformer.com/homeowners-retain-homeownership/#respond Wed, 12 Jun 2024 04:00:00 +0000 https://www.washingtoninformer.com/?p=1208348 Rulon Washington

It is important to contact your mortgage company if facing financial challenges, as they may have programs available to assist, and it is best to reach out as soon as possible to avoid severe past due payments.

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