• Tue
    27
    Aug
    2019
    6:00 p.m. to 8:00 p.m.Oak Park Village Hall, 123 Madison St, Oak Park, IL

    homebuyer education orientation

    Learn the home buying process by joining the West Cook Homeownership Center on Tuesday, August 27th for our FREE Homebuyer Education Orientation at Oak Park Village Hall, on 123 Madison St, Oak Park, IL, from 6-8 pm. Join us, as we share:

    • The steps in the home buying process
    • Why you should work with a HUD-approved agency
    • Options for financing
    • The real value of your professional partners
    • Should you continue to rent or pursue homeownership

    Here are some of the benefits of owning your own home:

    Homeownership is an investment – Unlike a car and many other purchases that decrease in value, a home is a purchase that appreciates over time. While each local market has its own unique factors, the national median home price goes up each year, even in times of recession. As you pay your mortgage each month, your debt amount goes down, while the value of your home continues to rise. This creates the buying and reinvestment power better known as equity.

    Gain equity – When it comes to homeownership, investment and equity are directly related. As you make mortgage payments each month, part of the payment goes toward the interest, while the rest pays down the principal balance. Equity can be better defined as the part of the principal balance you’ve already paid, or the percentage of your home you already own. Paying the principal is like depositing money in the bank because that money becomes available for reinvestment in the home itself or a new home.

    Take advantage of tax benefits – The federal government encourages homeownership by offering tax incentives for homeowners. The biggest one is the option to deduct interest from mortgage payments on your income tax return, especially at the start of a mortgage when most of the payment is applied to the interest. Payments on private mortgage insurance (PMI) and certain home-related purchases also qualify for tax benefits.

    Register HERE to get started in taking advantage of the benefits of owning your own home. You can also register for our Homebuyer Education Orientation by calling us at 773-887-5187 or email info@westcookhomeownership.org.

    The West Cook Homeownership Center is a program of the Oak Park Regional Housing Center.

     

  • Thu
    26
    Sep
    2019
    5:30 pmNineteenth Century Club, 178 Forest Ave, Oak Park, IL 60301

    Annual BenefitJoin us at the historic Nineteenth Century Club to celebrate the legacy of Bobbie Raymond, founder of the Oak Park Regional Housing Center on September 26, 2019, starting at 5:30 p.m.

    Show your support of the Oak Park Regional Housing Center by attending our Annual Benefit. Your donations are critical to our important work in ensuring Oak Park’s diversity and integration! Make a contribution today to show your support.

    Purchase your ticket today at:
    https://oprhc.org/2019-annual-benefit/

     

     

     

     

     

     

Leave a Reply