Chase Offers New Yorkers Legacy Lessons To Build Wealth through Homeownership
Iselin, NJ.- Chase, one of the nation’s leading residential housing lenders, is wrapping up its national four-city tour of educational seminars designed to show African Americans how to establish and preserve their legacies through homeownership.
The tour will be in New York on Saturday, September 29, at One Chase Manhattan Plaza (at cross streets Liberty Street and William Street) from 9 a.m. to 3 p.m. While admission is free, pre-registration is required at www.chase.com/legacy.
The Legacy of Homeownership Tour presented by Chase is a one-day event that includes informational workshops, one-on-one consultations with mortgage experts, onsite loan pre-approvals and displays of a wide array of local housing properties. Lynnette Khalfani, best-selling author and financial expert, is the featured speaker for the tour and will educate renters, buyers and current homeowners on ways to eliminate debt and achieve true financial freedom through homeownership.
“At Chase, we want to contribute to the economic growth of the communities we serve, as well as increase opportunities for African Americans to build generational wealth through homeownership,” said Thasunda Duckett, Chase senior vice president. “We are committed to helping consumers establish and preserve their legacies by investing in the American Dream.”
According to a recent study by Moody’s Economy.com and the National Association of Realtors, New York City ranked ninth as the best market for buyers , Chase recognizes that buyers have more bargaining power than sellers at this time and wants to equip New Yorkers with the tools needed to attain the American dream of homeownership.
The U.S. homeownership rate among minorities increased to 49.1 percent from 42.3 percent between 1994 and 2004, according to the U.S. Census Bureau. Historically low interest rates and mortgage innovations all have played a part in this rise. Today, homeowners increasingly are looking for financial security and smarter ways to manage and sustain their real estate investments. The tour’s seminars will address both – how to buy a home and how to sustain homeownership.
“Understanding lending options, foreclosure prevention tips and how to navigate in today’s market are cornerstones which empower consumers to make informed decisions when establishing their legacy,” said Veronica Seale, Chase vice president. “Homeownership is a financial asset that could well be a family’s most significant long term source of wealth.”
Similar to when the tour was in Atlanta, Houston and Chicago earlier this summer, workshop topics include:
* The Basics of Legacy Creation: Real Estate 101,
* From Taxes to Tuition: Make Your Home a Working Asset,
* Passing it On: Estate Planning & Property Transfer, and
* Leave a Lasting Legacy: Protecting Your Financial Future.
The tour also features raffles with prizes such as a Dell laptop or a one-room makeover of the winner’s home by local designer Kieta Turner, as well as a book signing by Khalfani.
National Tour sponsors include Dell and Freddie Mac.
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