Slideshow Image Slideshow Image Slideshow Image




FINANCIAL

EDUCATION

 


CONTACT US

HOURS: Monday through Friday, 7:00 a.m. – 3:30 p.m.

TELEPHONE: (207) 338-6809, Ext. 515

E-MAIL: dstreubel@waldocap.org


WCAP now offers housing counseling and financial education services. This includes First Time Homebuyer Education (HoMEworks) classes/workshops and financial literacy workshops. Our counselor holds certifications from HoMEworks Network of Maine and NeighborWorks Training Institute for housing counseling and foreclosure counseling. The counselor works one on one with individuals who need to deal with mortgage foreclosure, foreclosure mitigation or diversion, and property tax foreclosure mitigation. Individual assistance is also offered to create household budgets, repair or build credit, and preparations to buy a home. For more information, please refer to the additional information below or use the above contact information to make an appointment.


CLASSES

HOMEBUYER EDUCATION

Homebuyer education classes follow the State of Maine “HoMEworks” curricula. These classes allow students to gain the knowledge necessary to take charge of the project of home buying by describing the processes involved, the rights and obligations of both the buyer and any agents involved, reviewing the type of financial options available, and discussion of the pitfalls to avoid. These classes are currently recommended by most lenders as part of the lending process and also open the door to financial assistance on certain mortgage products. These classes are recommended as a starting point for anyone planning to buy a home.


First Time Homebuyers In-Person Class Registration


First Time Homebuyers Online Class Registration

HOME MAINTENANCE

Home Maintenance classes are given to encompass three basic topics:

  • Financial aspects of maintaining a home
  • The physical aspects of home maintenance
  • The climate control of the living space with changing seasons in Maine

These classes are given in a public setting and are usually sponsored by a local group in Waldo County. These classes are presented by certified counselors and weatherization experts.

HOUSEHOLD BUDGETING

Household budgeting classes are given to share basics of the “how-why-when” to create budgets. These are given in a real life context, not from an accounting point of view. This is for the everyday person looking to find a way to control their expenditures in a comfortable way.

FINANCIAL LITERACY

Financial Literacy classes are given as an explanation and discovery tour of the mechanisms and language of money. The purpose is to create a comfort level with participants about some of the intricacies of our everyday money devices such as bank accounts, credit, budgeting, loans, borrowing, and many other confusing terminology and mechanisms.


ONE-ON-ONE COUNSELING

HOMELESS ASSISTANCE

Persons needing this type of counseling will be guided as to opportunities that exist locally. The challenges that they face will be reviewed with a view to finding solutions looking forward.

RENTAL TOPICS

Individuals will be counseled on rights of tenants, rental availability in the county, obligations as a tenant, and the pros and cons of renting vs. owning.

PRE-PURCHASE HOMEBUYING

Individuals will be guided through the planning and eventual purchase of a home all the way from budgeting for the acquisition to guiding through the loan acquisition and finally to taking possession and moving into a new home.

FINANCIAL MANAGEMENT FOR HOMEOWNERS

(Non-Delinquency Post-Purchase)

Individuals will be guided through resolving financial issues surrounding home ownership that may be causing stress. These can include such items as income losses or reductions and creating new workable budgets. Various changes in status of individual living in the home. Unplanned-for sudden events. How to meet financial obligations with options that may be a revelation to the homeowner.

REVERSE MORTGAGE

This is a specialty field that may cause some misconceptions on the part of people looking into it. Individuals would receive an unbiased evaluation and explanation of what a reverse mortgage is and how it works. Part of the process would be an explanation of the future financial obligations surrounding this type of mortgage.

RESOLVING OR PREVENTING MORTGAGE DELINQUENCY OR DEFAULT

This is commonly known as Foreclosure Diversion. Individuals will have their rights and obligations explained to them, a budget would be reviewed, if necessary individuals would be accompanied in any meetings with third parties necessary to resolve the issues, and the counselor will assist in communications with the lender.
This category of service also includes assisting individuals who are under threat of foreclosure by towns due to property tax delinquency.

CREDIT BUILDING OR REPAIR

Individuals will be educated and guided through the steps to improve their credit reports and the resulting credit scores.

HOUSEHOLD BUDGETING

Individuals will receive evaluations and guidance as to how to construct a family budget that works for their lifestyle and is sustainable to reach their design goals.


RESOURCES


This area makes available to the public links and or information that may be of use when buying, renting, or caring for a home or apartment, or tending to money management, budgeting, credit repair, and more.


USEFUL DOCUMENTS


UNDERSTANDING YOUR CREDIT SCORE

When you’re applying for credit—whether it’s a credit card, a car loan, a personal…

View PDF
MAINEHOUSING MORTGAGE GUIDE

A quick guide on MaineHousing mortgages for first-time…

View PDF
MAINE HOPE PROGRAM FLYER

MaineHousing borrowers in good standing facing unemployment may…

View PDF
WHY GET A HOUSING INSPECTION?

A home inspection gives the buyer more detailed information about the overall…

View PDF


USEFUL WEBSITES


FAIR HOUSING ACT

It is the policy of the United States to provide, within constitutional limitations, fair…

View Site
HOMETOWN REAL ESTATE

Independently-owned, non-franchised, full- service, real estate company located in…

View Site
HOMEFINDER

Online listings, tools and resources to make your home buying experience easier to navigate…

View Site
TRULIA

Online rental listings and more bring local listings and the renting experience straight to your fingertips…

View Site
HOMEBUYER EDUCATION

Maine hoMEworks offers a ten-hour homebuyer education course to first-time…

View Site
CONSUMERFINANCE.GOV

Learn about owning a home for first-time homebuyers. Offers great information in easy to understand…

View Site
HUD

Consumer information and guidance if you are looking to become a homeowner, click “Buy A Home” to…

View Site
MAINEHOUSING

Resources for potential or current home owners. If you’re thinking about a MaineHousing loan…

View Site
EFFICIENCY MAINE

Find energy efficiency resources, product rebates, energy tips and more to bring down energy costs…

View Site
INTERNACHI

Information on the life expectancy of common household appliances, products, materials, systems…

View Site
HEALTHY HOMES

Make your home safer. Watch videos on how to test well water, learn about mold, lead, asbestos, radon, etc…

View Site
ANNUAL CREDIT REPORT

Federal law requires three national credit reporting companies to provide free…

View Site
BETTER MONEY HABITS

A site for money management. Set goals, build credit, learn about buying a home and more…

View Site
MYMONEY.GOV

Information, games, tools, budgeting sheets, and more to help you plan ahead for your future…

View Site
MONEY SMART

Money Smart is a financial education curriculum designed to help those with low and moderate…

View Site
BARRES FINANCIAL CALCULATORS

Helpful calculators, i.e. Mortgage affordability, credit card payoff, investments, and…

View Site
SALT MONEY

A must for anyone with student loan debt. Learn how to defer, budget, save, and manage your money…

View Site
NFCC

Tools, calculators, and access to financial counselors who can help you manage debt and rebuild credit…

View Site
CREDIT KARMA

Check your credit record and score any time for free. Run scenarios to see what effects your credit…

View Site
TRANSUNION

Get access to your credit scores, reports, credit analytics, and credit checks for a monthly fee…

View Site
EXPERIAN

With your trial in Experian CreditWorks, you get the tools and support to help you be better at credit…

View Site
EQUIFAX

Monitor and receive notifications regarding your credit, as well ass ID theft protection from Equifax…

View Site
MY FICO

Access the credit scores 90% of top lenders use for mortgage, auto and credit card lending…

View Site
CA$H MAINE

Helpful budgeting tips and tricks to help you save money and build up your savings account and assets…

View Site


WCAP

9 Field Street, P.O. Box 130
Belfast, Maine 04915
Phone: (207) 338-6809