Should First Time Home Buyers Get Counseling?

Reader Comments

Back to blog

But with or without such education, it is hard to pass up a bargain with housing prices at or near a long time bottom. And with or without the education, everyone loves a bargain.

HillbillyBill of TN 6:17AM May 27, 2009

No, they need 10-20% down payment and the lender to verify income and debt.

More commonly known as: "The Good Old Days".

L R Johnson of FL 5:25PM May 26, 2009

If I want a Perkins or a Direct Loan, I need to take a test to determine if I understand what I'm getting into....at the very least mortgage borrowers should have to take a 10 or 20 question test.

Veronica of NH 12:26PM May 26, 2009

Add Your Thoughts
Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ.

Back to blog

Alpha Consumer

Kimberly Palmer, senior editor for U.S. News & World Report, writes about making smarter financial decisions. She’s the author of Generation Earn: The Young Professional's Guide to Spending, Investing, and Giving Back.

advertisement

Latest Video

advertisement