Bank of America Demystifies Homebuying Process with Jan. 27 Workshop in Georgetown


Bank of America Georgetown is hosting a free homebuyer workshop, 5 to 6:30 p.m., this Friday evening from at its 1339 Wisconsin Ave. NW branch — next to the famous Georgetown neon sign.

The bank’s “Homebuyer Workshops” give guidance, tips and resources to help individuals learn and prep for their homebuying journey.

While at the workshop, attendees will learn useful tools like the benefits of owning a home, how to review your credit score and decide how much you can comfortably afford, types of mortgage programs (including a three percent down payment mortgage with lower-cost mortgage insurance), resources to find down payment assistance programs and steps to becoming a homebuyer and understanding when to choose pre-qualification vs. pre-approval.

I would say the seminar is for anybody, not just for first-time buyers,” said Bill Starrels, a credit solutions adviser for the bank and longtime Georgetown resident. “It’s for anybody looking to buy a house.”

He went on to explain that the point of the workshop is to have the most information possible when stepping into the home purchase arena. “We will share information, answer questions and help people get a good knowledge base as the industry continues to evolve.”

As part of the Community Ownership Commitment promotion they’re running, Bank of America is helping first-time and other qualifying homebuyers in eligible communities across the U.S. continue to build personal wealth and family legacy through the power of home ownership. The bank also encourages utilizing tools like their Bank of America Down Payment Center and Real Estate Center.

Bank of America’s Georgetown page can be found here.

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