Monday, June 2, 2008

Tuesday, June 10 & Wednesday, June 11: Housing Resources Seminars at the Library

The Racine Public Library, 75 Seventh St., will host two free seminars presented by Housing Resources, Inc. introducing attendees to programs available to them for assistance in home buying. The first seminar, First Time Homebuyer Education, will be held on Tuesday, June 10 at 6:30 p.m in the Library's Lee Room. The second seminar, The Benefits of Reverse Mortgage, will be held on Wednesday, June 11 at 10:00 a.m. in the Library's Lee Room. Although drop-ins are welcome, registration is recommended for these free programs and may be made by contacting the Adult Services Dept. at 262.636.9217.

Homebuyer education is required for first-time home buyers to access many special loan programs and grants. In the first seminar, Mark Schultz of Housing Resources, Inc. will give an overview of First-time Home Buyer education classes offered through this organization.

If you are a senior (62 or older), a Home Equity Conversion Mortgage or reverse mortgage can provide you with one option to improve your financial situation. This second seminar will define reverse equity mortgage and give an overview of eligibility requirements, financial implications, and other alternatives to obtaining this type of mortgage.

Housing Resources, Inc. is a locally based nonprofit organization dedicated to helping individuals and families purchase their own homes. They have earned a proven track record of providing quality home counseling services to prospective low and moderate-income home buyers and have become a trusted leader in the assisting hundreds of buyers in purchasing each year. They strive to reach out to the community to expand home ownership opportunities through education, credit counseling, home purchase, maintenance and wealth building.

To register for these seminars, contact the library at 262.636.9217. For more information about the content of the classes offered by Housing Resources, Inc. please contact Mark Schultz at 262-636-8271.

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