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Does Home Buyer Education Lead to Housing Stability?

Source: DSNews.com

Borrowers are making better choices to achieve housing and financial stability thanks to counseling programs in mortgage literacy and preparedness, home buyer outcomes, and loan performance, according to a new report from the U.S. Department of Housing and Urban Development (HUD). A study into the benefits of counseling buyers was released by HUD, titled, “The First-Time Home Buyer Education and Counseling Demonstration,” which found that programs to educate new buyers improved mortgage literacy, created greater appreciation for communication with lenders, and enhanced underwriting qualifications. HUD studied more than 5,800 prospective first-time home buyers across 28 metro areas.

buyers education

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