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METRO CU & THE HOMEBUYING MENTORS TO OFFER 4-SESSION “HOMEBUYING 101” COURSE IN PEABODY STARTING JUNE 4TH
 
Metro CU To Refund $50 Course Tuition Upon Successful Completion of Program
 
 CHELSEA, Mass. (May 23, 2013) – Metro Credit Union, which is poised to become the Commonwealth’s largest state-chartered credit union, today announced the opening of enrollment in a “Homebuying 101” course it is sponsoring for first-time homebuyers on the North Shore. Taught by The Homebuying Mentors, in partnership with The North Shore Community Development Coalition, the four-session course will be held in Peabody, Mass. on the following Tuesday and Thursday evenings: June 4, 6, 11 and 13. All four class sessions run from 6:00-8:45 PM, and are held at the Aviv Center, 240 Lynnfield Street in Peabody.
 
“The Homebuying 101 course was developed for individuals and families eager to purchase their first home, but who are not quite sure where to start or how to proceed,” said Tom Nadeau, Metro CU’s chief operating officer in charge of Lending. “We understand how anxious homebuyers can become when faced with navigating the complex process and making good choices, which is why we are so pleased to be partnering with The Homebuying Mentors, an organization that has been successfully preparing people for homeownership for 20 years.”
 
The class fee is $50 per person ($75 for couples), and includes access to the four-session course, course materials, unlimited access to coaching from mentors, and access to free supplemental pre- and post-purchase classes. Those who complete the course will be prepared to:
·         Assess readiness to buy a home
·         Learn how to qualify for a mortgage and about loan products for first-time homebuyers
·         Understand the responsibilities of credit
·         Meet high quality lenders, attorneys, real estate agents, home inspectors, home insurance representatives, and specialists in lead paint, asbestos, and mold removal, and energy efficiency
·         Understand the legal aspects of buying a home including “The Offer” and the “Purchase and Sale Agreement”
·         Find out about financial assistance available including first-time homebuyer mortgage products, down payment and closing cost support and mortgage buy-down programs
 
Enrollees must attend all 4 sessions in order to receive a Certificate of Completion. All enrollees are eligible for tuition reimbursement from Metro CU upon successful completion of the program.
 
For more information, and to register for the course, visit http://thehomebuyingmentors.org/events/homebuying-101-course-june-4-6-11-13/.
 
About The Homebuying Mentors
The Homebuying Mentors got its start at Allston Brighton CDC back in 1994 by holding its first Homebuying 101 class for local neighborhood residents interested in buying their first home in the Allston Brighton neighborhood. Over time, Allston Brighton CDC grew its program to offer individual coaching and connect buyers with to high quality real estate professionals. Word got out about the success of our program and we found that first-time homebuyers from all over made the trek to Allston Brighton to learn more about buying a home.
 
Today, The Homebuying Mentors provides education and coaching for first-time homebuyers throughout the greater Boston region. Programs support buyers as they create their own personalized homebuying strategies. The goal is to instill confidence in the homebuying process, and to prepare people to be happy, successful homeowners who feel secure as they build their future.
 

Learn more about The Homebuying Mentors at http://thehomebuyingmentors.org/.