Archive for the Homebuying Category

The social benefits of owning a home

June is homeownership month! At INHP, we offer the tools you need to become and remain long-term, successful homeowners. The tools we provide won’t help you tend to your lawn or paint the walls, but instead will help you deal with unexpected expenses when life happens. The benefits of homeownership are also lifelong. Did you know homeownership plays a role in the success of your child’s schooling, encourages active civic participation and improves your own health and well-being? It’s true! Deciding to purchase a home is a very personal choice. If […]

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Three frequently asked questions about INHP’s education courses

By Maggy Staab, homeowner development support associate There’s a lot to keep track of when you’re working toward homeownership, which means INHP gets many questions about our Education Department. We’re here to answer the most commonly asked questions sent our way. Do I have to be in an INHP program to attend INHP’s education courses? Not at all! INHP’s education courses are open to anyone who wants to take them, whether you are actively working with INHP or not. Four courses are offered: Dollars and Sense – Would working on […]

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Three ways to make homebuying your New Year’s resolution

Being “home for the holidays” can take on a whole new meaning when homeownership becomes your 2017 New Year’s resolution. Here are three ways to start that goal in December. Practice good credit through the holiday season Credit scores are crucial to the homebuying process. Purchase gifts within your financial means so you don’t create more work for yourself in the new year. Need advice? INHP’s advisors will help you create a personal homebuying plan to help you improve your credit, reduce debt and save for a down payment. Discuss […]

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Niche Loan Program Helps Homebuyers Finance $15,000 Improvements into Mortgage

Niche Loan Program Helps Homebuyers Finance $15,000 Improvements into Mortgage

If you or someone you know is thinking about buying house that needs some repairs and updates, INHP, the nonprofit homeownership and neighborhood resource, has a unique mortgage option that could be a good fit. This innovative loan program called Revive Indy combines the financing of a home mortgage and a home improvement loan into one convenient fixed-rate package. This is how it works: Buyers can roll up to $15000 in repairs into their mortgage to buy a home. Items could range from repairs identified in the appraisal or inspection […]

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5 Things You Should Know Before You Buy a Fixer-Upper

5 Things You Should Know Before You Buy a Fixer-Upper

From your friends at INHP, the homeownership resource Buying a home that needs repairs and upgrades is tempting for many potential homeowners. It can: Create an affordable way to get into sought-after neighborhood Provide a good long-term investment Offer buyers an opportunity to bring a property back to its originally glory Be a fun project for people who truly enjoy a labor of love If you’ve always shied away from homes that need work because you were worried you wouldn’t be able to afford the repairs and renovations after the […]

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Shopping for a mortgage is like shopping for jeans

Shopping for a mortgage is like shopping for jeans

Do you know people on average spend more time shopping for a pair of jeans than shopping for a mortgage? Crazy, right? You can go to a standalone store at the mall and find only their brand, but the whole time you’re thinking, did I miss a better deal at that other store? Or, you can go to a department store and try on multiple brands and usually at a better a price. INHP is kind of like that department store…but for mortgages. We partner with multiple banks which means […]

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