LAS VEGAS (KLAS) — Rising hire costs drove individuals to a Saturday homebuying workshop at Chicanos Por La Causa Nevada. On the free class, potential consumers discovered instruments to handle cash, construct credit score, apply for a mortgage, and extra.
Engrith Torres attended the category and mentioned her rising hire impressed her to be taught what it takes to purchase a home.
“I’m tired of renting, it’s too much, the rents are too high right now,” she mentioned.
Torres mentioned her hire was $600 per thirty days seven years in the past. Saturday, she mentioned her hire is now $1,600 per thirty days.
Individuals taking the category are hoping to place their cash in the direction of their very own fairness by shopping for a home, together with Veronica Astorga.
Chicanos Por La Causa Nevada (KLAS)
Chicanos Por La Causa Nevada (KLAS)
Chicanos Por La Causa Nevada (KLAS)
Chicanos Por La Causa Nevada (KLAS)
“Rent is a little expensive, I know mortgage is too, but at least you’re investing your money in something. In your own property,” Astorga mentioned.
The free class is obtainable in English or Spanish on alternating Saturdays.
“We’re talking about money,” Eric Chavez, assistant director of housing counseling for Chicanos Por La Causa, mentioned. “We’re talking about money, money, money. Your credit, how to manage that better.”
Chavez mentioned the category is funded by a mixture of totally different foundations, banks and authorities funding. Additionally they use that cash for applications like down cost help, assist with mortgages and extra.
“There’s a lot of financial value that comes with it, of course, building equity,” Chavez mentioned. “You’re able to purchase a home, invest in it, and in the future, be able to use that to step up into either better housing or a better financial future.”
Chavez mentioned there are plans to supply the category on weekdays and on-line within the close to future.
