Cornell Cooperative Extension

Tompkins County
Piggy bank and model home
Image by © Karenr | Dreamstime.com

Learn the pros and cons of renting versus owning a home in this FREE workshop!

Photo of Your Own Home Class
Image by Kenneth McLaurin

A "Your Own Home" class

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Your Own Home

  • Saturday, April 15, 2017, 3:30 PM - 5:30 PM

This FREE workshop covers the pros and cons of renting versus owning a home, the home buying process, and financially protecting your home. During the workshop, prospective home buyers will learn to:

  • Explain the advantages and disadvantages of renting versus owning a home
  • Identify questions to ask to determine their readiness to buy a home
  • Identify the steps required to buy a home
  • Identify basic terms and required disclosures used in a mortgage transaction
  • Describe the advantages and disadvantages of different mortgage options
  • Describe how interest rates affect the amount of house they can buy
  • Explain how taxes and insurance affect a monthly payment and the amount of house they can buy

Homeowners will learn to:

  • Describe the advantages and disadvantages of borrowing against a home
  • Explain what to do if they are having trouble making payments
  • Describe different types of refinancing options
  • Explain the advantages and disadvantages of a reverse mortgage
  • Identify predatory lending practices and loan scams

Register Online

Fee

FREE

Contact

Kenneth McLaurin, Jr.
Financial Management Educator
kem228@cornell.edu
(607) 272-2292

Location

CCE-Tompkins Education Center
615 Willow Avenue
Ithaca, NY 14850-3555

Last updated July 19, 2016

 

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