Join us on June 8th for our FREE Second Saturday Homebuyer Education Workshop at Malcolm X College, on 1900 W. Jackson Blvd., Chicago, IL, from 9:30 a.m. – 4:30 p.m.

If you want to buy a home then the Homebuyer Education Workshop is for you! Not just for first time home buyers.

• Learn the do’s and don’ts of your credit
• How to build your home ownership team
• How to finance your home
• Learn how to access up to $30,000 down payment assistance!

Here are some of the benefits of owning your own home:

Homeownership is an investment – Unlike a car and many other purchases that decrease in value, a home is a purchase that appreciates over time. While each local market has its own unique factors, the national median home price goes up each year, even in times of recession. As you pay your mortgage each month, your debt amount goes down, while the value of your home continues to rise. This creates the buying and reinvestment power better known as equity.

Gain equity – When it comes to homeownership, investment and equity are directly related. As you make mortgage payments each month, part of the payment goes toward the interest, while the rest pays down the principal balance. Equity can be better defined as the part of the principal balance you’ve already paid, or the percentage of your home you already own. Paying the principal is like depositing money in the bank, because that money becomes available for reinvestment in the home itself or a new home.

Take advantage of tax benefits – The federal government encourages homeownership by offering tax incentives for homeowners. The biggest one is the option to deduct interest from mortgage payments on your income tax return, especially at the start of a mortgage when most of the payment is applied to the interest. Payments on private mortgage insurance (PMI) and certain home-related purchases also qualify for tax benefits.

You MUST register to attend. Click HERE to register.
Call us at 773-887-5187 for more information, or email info@westcookhomeownership.org

Lunch will be provided.

The West Cook Homeownership Center is a program of the Oak Park Regional Housing Center.