Homebuyer Education & Counseling
KCCD Housing Counseling Agency assists potential home owners in the purchase of their first home by providing home buyer education, financial literacy, and counseling. Prospective home owners learn about government down payment assistance programs, escrow, and related topics that will equip them to purchase a home.
Homebuyer Education classes are offered twice a month in English and Korean for a one-time fee of $50. The following is the list of upcoming classes:
2012년 주택구입 교육 예정표
Financial Literacy
KCCD is the premier advocate and partner for increasing financial literacy in the Korean/Asian American community. Due to the differences between the U.S. financial system and that of South Korea, much of the Korean and Korean American community is unfamiliar with the importance of building a credit history and fails to utilize the financial tools available. As a result, many Korean and Korean Americans consumers and business owners end up relying solely on a cash-only system and are susceptible to fraud and predatory lending practices. In order to address the lack of linguistically and culturally sensitive information, KCCD partnered with FDIC and served as the lead community partnering organization responsible for the Korean translation, review, and roll out of FDIC’s Korean Money Smart curriculum.
In addition, KCCD was also invited by Freddie Mac to serve as a partnering organization in the development and translation and distribution of their CreditSmart Asian program.
From Freddiemac.com
CreditSmart Asian is a three-part series of multilingual guidebooks focused on helping Asian Americans become more informed consumers. Available in Chinese, Korean, Vietnamese and English, the guidebooks provide valuable and culturally relevant information on establishing and maintaining good credit, the steps to homeownership, and the benefits and responsibilities of owning a home.
The series begins with The Importance of Good Credit, based largely on Freddie Mac's award-winning CreditSmart curriculum. Steps to Homeownership walks the consumer through the process, from loan application to post-closing, dispelling common myths and building the consumer's confidence along the way. Homeowner Benefits and Responsibilities provides priceless information on protecting the home investment through home maintenance, money management, and avoiding financial traps.
To find out more about the CreditSmart Asian program from Freddie Mac, click here.
KCCD continues to teach FDIC's Money Smart curriculum which covers topics including:
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