The objectives of the Seminar are to advise prospective homeowners on how: -
to get best results from the services provided by institutions involved in the business;
to keep costs of building construction to the minimum and obtain a comfortable living environment;
to avoid credit practices that are non-competitive;
to enable prospective homeowners to themselves against unmanageable debt burden.
“Home Ownership Day” is designed as a customer-friendly Event. It enables mortgage lenders and building contractors to work together, in seeking new ways to make housing construction and mortgages more affordable and easy to understand, for the benefit of home buyers.
The underlying importance of:
Establishing a good credit history;
Focusing on sound financial principles, such as accounting, saving and paying bills on time;
Understanding what is involved in making the down- payment;
Helping borrowers to know what they can afford in relation to the size of the mortgage loan;
Managing on-going expenses, especially for insurance and maintenance;
Considering the design and options for building materials;