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Spauldings Branch Library

5811 Old Silver Hill Rd

District Heights, MD 20747

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Funds for your own home graphic

Your Own Home

The Prince George's County Memorial Library System in collaboration with SunTrust invites you to enhance your financial life. In this workshop, we will discuss the home buying process, renting versus owning and financially protecting your home. One-on-one consultation is available following this workshop.

You will learn:

Pre-Homebuyers

  • The advantages and disadvantages of renting versus owning a home

  • Questions to ask to determine your readiness to buy a home

  • The steps required to buy a home

  • Basic terms and required disclosures used in a mortgage transaction

  • The advantages and disadvantages of different mortgage options

  • How interest rates affect the “amount” of house you can buy

  • How taxes and insurance affect a monthly payment and the “amount” of house you can buy

Homeowners

  • The advantages and disadvantages of borrowing against a home

  • What to do if you are having trouble making payments

  • The different types of refinancing options

  • The advantages and disadvantages of a reverse mortgage

  • Predatory lending practices and loan scams

© 2015 SunTrust Bank, Inc. SunTrust is a federally registered service mark of SunTrust Bank, Inc.

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Spauldings Branch Library

5811 Old Silver Hill Rd

District Heights, MD 20747

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