Leominster Credit Union is holding two free homebuyers’ seminars this fall. Mortgage seminars will be held Wednesday, October 24, 2018 at the 910 West Boylston Street, Worcester branch and Wednesday, November 7, 2018 at LCU headquarters, 18 Adams Street, Leominster. Both seminars are scheduled from 6:00pm – 7:30pm.
LCU Homebuyers Seminars will address the specific needs of most homebuyers including first time buyers, buyers moving after owning for several years, or buyers entering the market after having credit issues in the past. A team of real estate experts including a realtor, attorney and financing professionals will present the program. Topics will include: Are you ready to buy a home; Finding Your Dream Home; Obtaining Financing; and the Closing Process. Attendees will learn about the costs associated with homeownership; how your credit affects your options; making an offer and negotiating the price; the inspection process; and closing.
“The process of buying a home can be daunting. Making the right choices can help set you up for the rest of your life,” said Lydia Vazquez, Assistant Vice President, Real Estate Lending. “The seminars will help break down the entire process. Our goal is to enable the attendees to be well prepared; to have realistic expectations and to avoid costly mistakes.”
Matt Dufault, AVP Retail Lending added, “We’d like to encourage people re-entering the home-buying market after having some credit difficulties to attend. Situations such as a job loss, divorce, illness, bankruptcy or foreclosure can hurt your credit and affect your ability to buy a home. We’ve seen a number of applicants who once had excellent credit now finding themselves in the unfamiliar position of struggling to get approved for a mortgage loan due to an unusual circumstance or one-time event. This seminar will not only give you the basics of buying a home, but also the opportunity to establish a plan with one of our lenders for home ownership based on your personal situation.”
LCU has programs available for not only for first time home buyers, but for any buyer who needs help getting mortgage-ready. Borrowers may be able to qualify for a mortgage much sooner than they expected.
Seating is limited and registration is required. Register online: West Boylston Street-10.24.18 event – bit.ly/FTHB-WBS102418; Leominster-11.07.18 event – bit.ly/FTHB-LEO110718 or visit Leominstercu.com.