Affordable housing heroes The Collective, Realty hosts free L.A. Home Buyer Seminar to teach the public how to buy their first home and much more.
“Rents are skyrocketing all over Los Angeles and there is an affordable housing crisis in our communities, so we will teach you what it takes to buy a home in today’s market,” said Anthony Vulin, CEO and owner of The Collective, Realty, one of the only companies offering free education to teach people how to purchase affordable housing. “Keep in mind that mortgage payments don’t typically go up each year, but even a rent-controlled apartment does.”
Attendees of the seminar will learn about 3% and 5% down-payment programs as well as find out about loan programs for lower credit scores, how long one should plan ahead before purchasing, how much you need to make to purchase a home, what closing costs are and who pays what fees and what happens once you get in escrow. Light food and cocktails will also be served.
“Most buyers don’t realize how many new loan programs are out there that can really help them get on the path to homeownership,” noted Vulin. “For example, if you are a vet you can buy with $0 down. There are also FHA loans that only require 3.5% down and low credit scores. If you work in the public safety or education sector you many be able to get a grant for 5% of your mortgage.”
Numerous agents of The Collective will be heading to Sacramento to lobby their local Congressmen for more housing availability. “We have a huge housing shortage in Los Angeles that is causing prices to be very high. We need more laws making it easier and cheaper for homeowners to convert a garage into a rental unit, for example,” concluded Collective agent Christopher Wookey.
The Collective is also working with the West Hollywood City Council to allow micro units to be built and sold for under $400,000, where the mortgage would be less than many people pay in rent. To join the fight for affordable housing, reach out to Anthony Vulin at The Collective at (310) 569-1335 and/or get involved with your local city council, chamber of commerce or non-profit such as P.R.E.P.A. Los Angeles. If you are a Realtor, get involved with your local board, like the Beverly Hills/Greater Los Angeles Association of REALTORS®.
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