ABA: First-Time Homebuyers – 6 Tips to Save for the House of Your Dreams
WASHINGTON — According to a 2015 BMO Harris report, 52 percent of Americans plan to buy a home in the next five years. Saving for a down payment, typically between 5 to 20 percent of the home’s value, is one of the biggest challenges for those aspiring homebuyers. In recognition of American Housing Month, the…
ABA: 7 Tips to Help Seniors Live At Home Longer
The ABA Foundation celebrates American Housing Month with practical advice for ‘aging in place’ WASHINGTON — According to the U.S. Census Bureau, approximately 80 percent of individuals age 65 or older own their home. A Georgetown University survey found that a vast majority of these older Americans wish to remain in their homes as they…
ABA: 6 Questions Millennials Should Consider During American Housing Month
WASHINGTON — Millennials looking to make their next housing move face a tough decision – to rent as prices continue to soar but with the flexibility to come and go, or to commit to the world of homeownership and all of its demands while interest rates are near historic lows. In recognition of American Housing…
findCRA Announces New Partnership with the Financial Counseling Association of America
findCRA, a Louisville-based online platform focused on social impact and community reinvestment, announced today that they have partnered with the Financial Counseling Association of America (FCAA). FCAA is the largest national association representing both non-profit and for profit financial counseling companies that provide consumer credit counseling, housing counseling, student loan counseling, bankruptcy counseling, debt management and…
ABA: Celebrating Housing Choices, American Housing Month
WASHINGTON — The American Bankers Association and bankers across the country are celebrating American Housing Month throughout June. In the coming month, ABA will provide consumers with information on how to gauge whether the time is right to buy a home, what they need to know to select a reputable lender, how to obtain the…
FDIC: Practical Ideas for Paying for a Home or a Car
The latest FDIC Consumer News features tips to help people make what could be two of their biggest financial decisions — financing their home and getting an auto loan — as well as an overview of new options for using smartphones to pay at shops and restaurants. The Winter 2015 edition also includes articles on avoiding telemarketing…
CFPB: Report Finds Nearly Half of Borrowers Do Not Shop for a Mortgage
CFPB Releases “Owning a Home” Toolkit to Help Consumers Shopping for a Mortgage WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) released a report finding that almost half of consumers do not shop around for a mortgage when purchasing a home. The report also found that informed consumers are more likely to shop, especially…