SKCP news, August 13th - August 19th
South Kensington Community Partners
Top Five Tips For First Time Homebuyers
Last month in cooperation with Clarifi SKCP NAC hosted a Virtual Community Seminar for First Time Homebuyers. Here are our Top Five Tips and Takeaways from that event.
1. Know What's On Your Credit Report
When evaluating your application for a mortgage, lenders look at more than just your credit score. They also review your credit report to evaluate your payment habits, balances, and overall financial health.
2. Set A Budget
When evaluating your application for a mortgage, lenders look at more than just your credit score. They also review your credit report to evaluate your payment habits, balances, and overall financial health.
3. Save For A Down Payment In Advance
It takes about 6.5 years for the average American homebuyer to save for a 20% down payment, so it’s important to start saving early.
4. Understand The Hidden Costs Of Homeownership
Once you’re in your home, you’ll be responsible for more costs than just your mortgage payment. These can include insurance, property taxes, utilities, HOA dues, and more. There’s also maintenance costs and repairs — which often come by surprise.
5. Get Pre-Approved Before You Make An Offer
A pre-approval is a letter from a lender that shows you’re approved for a mortgage for a certain amount. A pre-approval letter in your offer also shows the seller that you’re a serious buyer.
COMMUNITY ZONING MEETING (VIRTUAL)
SKCP's RCO will host a virtual Community Zoning Meeting [pdf] Wednesday, August 24th, 2022 at 6:30 PM.
We will review the following projects:
6.30pm 1517 N. Bodine Street
(ADDITIONAL INFO WILL BE PROVIDED SOON)
We will have time for questions during the meeting but we ask that questions be submitted in advance so we can use our time well.
Please submit questions to rco@southkensingtoncommunity.org,
and register here for the meeting.
If you prefer, you may also sign up by calling South Kensington Community Partners' office at 215-427-3463 and leaving a message with your name and number. SKCP will provide reasonable accommodation to any neighbor that requests additional assistance.
7th Annual Clay Fest 2022
On Saturday, August 20th from 12-4pm celebrate clay and community with a fun day of muddy festivities in The Clay Studio's new home in South Kensington. Join them for hands-on activities for all ages, wheel throwing demos, a group sculpture extravaganza, artist projects, an ice cream social, screen printing totes, and music.
LOCATION: 1425 N. American Street (across from the Crane Arts Building.)
For more info visit: https://www.theclaystudio.org/events/clay-fest