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Homestead Consulting saves families $14M

A Lafayette area agency has helped approximately 600 families with home-buying education and foreclosure avoidance this year. Homestead Consulting conducts pre-purchase and prevention counseling for households in Tippecanoe and surrounding counties.

Executive Director Marie Morse says the service has helped local homeowners save more than $14 million in 2012.

"That's a big amount for our homeowners to keep. Most families, their major net worth is in their home. So it's very important that they keep that if they have money already invested in that."

Morse says whether a client is looking to buy a new home or prevent foreclosure, the best thing to do is seek help early.

"We love to talk to them really when they're just thinking about it because there's a lot of stuff to think about. And you do have to really be prepared right now to get a loan. It's not as easy as it was there for a while but people can get loans."

She says grants and partnerships make many of Homestead Consulting’s services free to users. In 2013, the agency hopes to expand its offerings to include down payment assistance and tenant education.

More information on the agency and its services is HERE.

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