Homeward Bound: The Journey to Home Ownership Through United Way of the National Capital Area Financial Empowerment Centers

Jan 09, 2020

by United Way NCA

 Stepping into the world a young graduate from Towson University, Randel was ready to build his dream life. Counter to the trend of many millennials in his generation, Randel has set out to buy his first home and launch his own business. With an ever-increasing amount of young people choosing to rent property over own it, Randel was navigating the housing market alone.

In anyone’s life, buying a first home is a monumental milestone. A home is not only a place to raise a family, but it’s also a large investment that can be tricky to navigate. If one lacks a thorough understanding of how to maximize the investment of purchasing a home, first-time home buyers stand to lose thousands of dollars if they aren’t careful. Luckily,United Way of the National Capital Area (United Way NCA)funded Financial Empowerment Centers(FEC)offer workshops and mentorships on home buying 101.

“Coming from a background of renting for the most part, and going into the field of owning your home, there’re a lot of tools and different things you’re not aware of,” shares Randel.

Through the FEC at Prince George’s County Community College, Randel got access to a series of workshops targeted at coaching first-time homebuyers through the process of making an educated purchase. During the program, participants are taught about selecting mortgages, interest rates, and handling property taxes that fit within their financial situation.

The workshops and financial coaching offered at the FEC are geared at getting first-time home buyers like Randel the resources and information they need to make smart choices when it comes to housing. The FEC’s services are open to all individuals who seek them regardless of income bracket for no cost. Among workshops like first-time home buying, United Way NCA Financial Empowerment Centers offer business ownership workshops, financial coaching, tax preparation, and workforce development.

Visit a United Way NCA Financial Empowerment Center today.

Recent Posts

related post thumbnail
Oct 22, 2024

blog

Equity Definition: Understanding the Difference Between Equity and Equality

“Equity” and “equality” are not synonymous. Find out the difference between equity and equality and why United Way NCA is championing equity in the region. Updated on 10/22/2024 Many people..
related post thumbnail
Oct 15, 2024

blog

Childhood Poverty in the United States

Child poverty is a tragic problem affecting millions of children in America. According to US Census Bureau data, over 9 million kids in the United States live below the federal..
related post thumbnail
Oct 15, 2024

blog

What Are Social Institutions? Learn with the Definition & Examples

In today’s world, gender and racial inequities persist across the nation and world. Understanding what is social responsibility can help address these disparities, as individuals and organizations work toward more..
×