|Casper Journal Articles
From the Natrona County Public Library
Help for Homeowners at your Library
By Betsy O'Neil, Reference Librarian
February 10, 2010
The vast majority of Americans, an estimated 90 percent, will own a home at some point in their lives according to Freddie Mac. But how do you prepare for the responsibilities of home ownership or the major financial decisions you may encounter along the way?
Your public library is a great place to start.
The Natrona County Public Library is offering a Homeowner Series to discuss the major financial issues involved in owning a home. Local financial industry experts will present information and answer questions about preparing to purchase a home, refinancing, and reverse mortgages.
In addition to learning from the experts, citizens can check out a variety of books on home ownership topics, or ask a librarian for help finding specific information.
If you are just getting started in the home ownership process, visit the library Thursday, February 18 at 6:30 p.m. for a “Home Buying Basics” class taught by Cheryl Gillum from the Wyoming Community Development Authority (WCDA).
Learn about the benefits of home ownership, how much home you can afford, what types of loans are available, and the assistance programs available through the WCDA.
If you already own a home you may be interested in refinancing options. Today’s low interest rates may look tempting, but how do you know if refinancing is really worth it in the long run? On Thursday, February 25 Bret Ladenburger from First Interstate Bank will discuss reasons you might want to refinance including paying off debt, lowering your mortgage payments or converting a variable rate mortgage to a traditional mortgage. He will also explain the financial implications of refinancing.
According to the AARP, the number of reverse mortgages insured by the federal government has soared in recent years. The third workshop presented by Sherri Walling from Hilltop National Bank on Thursday, March 4 will take a closer look at this important topic. Learn about the benefits and drawbacks of this special type of loan used by Americans who are 62 and over to convert their home equity into cash.
Home ownership is a big topic, and financial concerns are only one piece of the pie. Homeowners may also be interested in learning more about selling or increasing the value of a home through improvements.
A few good titles on these topics include:
-- For Sale by Owner: A Complete Guide, by Steve Berges
-- Home Rich: Increasing the Value of the Biggest Investment of Your Life, by Gerri Willis
-- How to Sell Your Home in Any Market: 6 Reasons Why Your Home Isn't Selling... and What You Can Do to Fix Them, by Loren K. Keim.
-- The Wall Street Journal Complete Home Owner's Guidebook: Make the Most of Your Biggest Asset in Any Market, by David Crook
Regardless of what stage you are at in the home ownership process, your library has excellent resources to help you. Stop by the library or call 577-READ to find out more.
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