Posted by Christina Jedra March 21, 2013 10:00 AM
The following was submitted by the Cambridge Savings Bank:
Cambridge Savings Bank (CSB) recently sponsored a Citizens Housing and Planning Association (CHAPA) certified First Time Home Buyers Seminar. A total of 30 would-be buyers took part in the seminar at the Somerville Community Corporation (SCC) in Somerville.
Joe Boynton, CSB Vice President, Residential Mortgage Origination Manager, and Thais DeMarco, SCC Program Coordinator, Community Asset Building, gave presentations on the mortgage process at this educational event.
“This is a great opportunity to help borrowers,” said Boynton. “I enjoy working with people who take the time to prepare for the complex mortgage process. Hopefully the seminar will help buyers achieve their financial goals through home ownership.”
“Offering prospective homebuyers the information they need so they don’t start the home-buying process blindly is incredibly important,” said DeMarco. “SCC is the only agency providing classes in Somerville, and we can’t do it without support. Cambridge Savings Bank has been a great partner to SCC, stepping in to sponsor First-Time Homebuyer Classes so we could meet the ever-increasing demand for information.”
Participants learned how to approach lenders about getting a mortgage and about the importance of credit scores. Since 2010, Cambridge Savings Bank has educated more than 7,000 participants with live financial lessons. In addition, the bank provides its communities with online financial education resources through the CSBsmart section of its website.
About Cambridge Savings Bank
Cambridge Savings Bank is a full-service financial institution with $2.3 billion in assets that is inspired by the communities it serves. One of the oldest and largest community banks in Massachusetts, CSB offers a full line of individual and business banking services and has 16 banking centers located in Cambridge, Acton, Arlington, Bedford, Belmont, Burlington, Concord, Lexington, Newton Centre, Newtonville and Watertown. For more information about Cambridge Savings Bank, go to: www.cambridgesavings.com.