Getting Your Budget and Assets Ready for a Home Purchase

A free community workshop on budgeting, assets, affordability, and preparing financially for homeownership and other major purchases. This free community workshop will help you understand the financial preparation that goes into buying a home. We’ll cover: • Building a realistic household budget • Organizing income, debts, and assets • Understanding affordability beyond loan approval • Planning for down payment, closing costs, reserves, and other out-of-pocket expenses • Preparing financially before applying for a mortgage • Avoiding becoming “house poor” Whether you’re renting, living with family, rebuilding financially, or planning to buy in the future, this workshop will help you better understand your numbers and create a practical plan. Presented by Evette Baker, Commerce Bank and Kris Mills, Upward Credit Solutions