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Owning a Home: Guidance from Your Local Home Lending Advisor

Chase has developed a new role called “Community Home Lending Advisor,” which is designed to be in minority and low-to-moderate income communities. These are experts focused on local housing and down payment assistance programs and work closely with local housing nonprofits and other community organizations. To date, Chase has hired more than 100 Community Home Lending Advisors nationwide and will continue to expand.

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If you think you’re ready to take the next step in purchasing a home, reach out to learn more about the tools, resources and capital available to help make your homeownership dream a reality.
If you think you’re ready to take the next step in purchasing a home, reach out to learn more about the tools, resources and capital available to help make your homeownership dream a reality.

Are you considering buying your first home, but unsure where to start? Purchasing a home is one of the biggest financial decisions a person can make, and the path to ownership may feel confusing for many first-time buyers. Thankfully, it doesn’t have to be. Chase bank can help you navigate the homebuying process, so getting the keys to your first home may be closer than you think.

Homeownership is more than just a dream for many Americans. In Chase Home Lending’s First-Time Homebuyer Study, 69% of respondents said they see homeownership as an important part of building wealth. The survey included more than 1,100 consumers who indicated that they are looking to purchase a home and are actively preparing to buy.

For Black communities, who have a significantly lower homeownership rate compared to other groups, the 2008 housing crisis and the COVID-19 pandemic continue to take a major toll. That’s why Chase is taking steps to play an active role in creating opportunities for minority communities, which includes offering affordable, low downpayment options with products and programs designed for Black families on their path to homeownership.

Dive in and uncover what you need to know about buying your first home, and how Chase can help make your dream a reality.

Working with a Home Lending Advisor

Chase’s Home Lending Advisors are responsible for helping you prepare for homeownership, find the financing solutions to fit your needs, and get all of the down payment/housing assistance for which you may qualify. Home Lending Advisors work very closely with many first-time homebuyers, helping them navigate this process for the first time. They also help customers who are looking to refinance, or who might be upsizing or downsizing their current home. Chase and its Home Lending team start by looking at each customer’s full financial picture in order to make the best recommendation for your successful path to homeownership. From prequalification to closing, we’re here to offer guidance, support and expertise along the way.

Applying for Home Loans

A few basic things first-time buyers should understand before starting this process are:

  1. Prepare your finances: Buying a home can be a big financial undertaking, which is why it will be important for you to get your finances in good shape. This involves things like continuing to pay bills on time, not taking on new debt and strengthening your credit score, which can help you secure a lower interest rate on your home loan. Chase is making it easier for customers to build up their credit score by supporting Project REACh, a program that increases chances of approval for applicants who have traditionally lacked access, so they can take that very first step.
  2. Plan for your down payment: It’s a well-known fact that you will most likely need to put money down up front to purchase a home. However, it’s a myth that you must put 20% down. Every case is different, and there are a variety of mortgages available that may require as little as 3% down, such as the Chase DreaMaker. There may also be local programs that could help with down payments and closing costs. It’s always a good idea to start saving, but it’s also important to get familiar with what products and assistance might be available to you. You can connect with a Home Lending Advisor to get started.
  3. Get pre-qualified: As you begin your homebuying journey, you should know upfront how much home you can afford. Getting pre-qualified through a lender like Chase allows you to see what you may be eligible for, and it also shows sellers and real estate agents that you’re a serious and competitive buyer.

Acknowledging the Resources Available to You

Chase’s Homebuyer Grant program offers up to $5,000 for eligible customers to help with closing costs and down payment assistance when buying a home in more than 6,700 minority communities nationwide. The Chase DreaMaker mortgage offers down payments as low as 3% and reduced mortgage insurance.

Chase also developed a new role called “Community Home Lending Advisor,” which is designed to be in minority and low-to-moderate income communities. These are experts focused on local housing and down payment assistance programs and work closely with local housing nonprofits and other community organizations. To date, Chase has hired more than 100 Community Home Lending Advisors nationwide and will continue to expand.

Getting Started Today

For those starting their journey toward homeownership, Chase’s financial goals hub is a great starting point. You start by picking a goal, which could be saving or building credit, and exploring advice, offerings and tools to help you track toward it and achieve it. The Grow Your Savings page, for example, offers an interactive calculator that maps out a timeline to reach savings goals and highlights how the Autosave tool can help you manage a regular savings schedule to stay on track and meet your goals. There are other great resources, too, like budget worksheets to monitor and track monthly spending, guidance on using the Credit Journey tool to build and protect credit, as well as background on low-cost checking accounts designed for those who have had trouble getting or keeping an account in the past.

Knowing When to Buy

Buying a home can be exciting, but it can also come with a lot of stress. Learning as much as you can about the homebuying process is the best thing you can do before you start shopping for properties or comparing mortgage options. Other questions you should consider before buying a home include:

  • Do you have a steady income to rely on?
  • How much home can you afford?
  • Have you picked a location where you want to stay long-term?
  • Are you comfortable managing debt?

If you think you’re ready to take the next step in purchasing a home, reach out to learn more about the tools, resources and capital available to help make your homeownership dream a reality.

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Advice

Evangelical Technology: The New “E.T.”

In his book, “Branding Faith,” Phil Cooke wrote, “Whatever the purpose, the goal is to win the hearts and minds of the largest audience possible and imprint an indelible story around your church, ministry or mission.” In short Mr. Cooke is saying that how we tell our story and how our story looks, will determine the impact that we will have on a world in need of relevance.

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Curtis O. Robinson, Sr. is the senior pastor at the Faith Church in Oakland, CA. He is also managing director of Global Acquisitions at Nimbus Networks, LLC.
Curtis O. Robinson, Sr. is the senior pastor at the Faith Church in Oakland, CA. He is also managing director of Global Acquisitions at Nimbus Networks, LLC.

By Curtis O. Robinson, Sr., M.A., Resident fellow ’19 Harvard Divinity School

The year was 1982 and Steven Spielberg released the blockbuster movie of the century entitled, “E.T., The Extra Terrestrial.” The movie outgrossed Star Wars and in 1983 grossed more than $359 million in North America and $619 million worldwide. Spielberg was making an estimated $500,000 a day, and the rest was cinematic history.

With the onslaught of the COVID-19 virus, the strain and challenge of presenting a relevant Christ to a culture in need of spiritual balance has been demanding. For the most part, houses of worship have had to close their doors. However, a few have been strategic enough to weather the storm with minimal attendance for in-house worship. So, it is still a daunting task to continue to get the Word of God to a culture desperately in need of spiritual enrichment.

In his book, “Branding Faith,” Phil Cooke wrote, “Whatever the purpose, the goal is to win the hearts and minds of the largest audience possible and imprint an indelible story around your church, ministry or mission.” In short Mr. Cooke is saying that how we tell our story and how our story looks, will determine the impact that we will have on a world in need of relevance.

Enter Nimbus Networks, LLC. Nimbus Networks is a certified solutions provider that creates tailored communications plans for you in collaboration with the world’s leading telecom providers.

We work with over 220 vetted worldwide carriers as a full-service technology consultant, and we have engineers who can help you design, deploy, and maintain your environment. Because no two organizations are the same, we tailor our Cloud, Voice, IT, and other technology services to match your unique requirements.

This is the first in a series of articles that will talk about the importance of having a reliable and robust IT platform. And for churches, we must still engage the world for Christ. It is important that our ET platform is effective and inviting. Stay tuned.

For more information concerning your IT or ET needs, you can reach him at crobinson@nimbusnet.net. You can also visit our website at nimbus-networks.com or you can call 925-285-8357 for a free consultation.

Curtis O. Robinson, Sr. is the senior pastor at the Faith Church in Oakland, CA. He is also managing director of Global Acquisitions at Nimbus Networks, LLC.

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Activism

COMMENTARY: Roosevelt Vernon Cobb, Daddy Hammercy!

I now understand why publishing has been a major part of my life, because you worked for the Phoenix newspaper in Muskogee, Oklahoma, before you brought your family to Oakland, where I was born at 1776 7th Street at the Pack Train Hotel into a large, welded barrel that you kept in the closet.

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Theodore Vernon Cobb. Photo courtesy of the family.
Theodore Vernon Cobb. Photo courtesy of the family.

Publisher Paul Cobb’s Birthday Tribute to his father

By Paul Cobb, Publisher, Post Newsgroup

Happy Birthday, Daddy. I am honored to be a son of your seven-children family circle.

Even though you only finished the 6th grade, you were known to spot talent and could predict future opportunities for success, especially when you met Mary Magdalene Bland while she was working at Grandpa Early Bland’s watermelon and food stand.

And you prophesied that the “Lord willing, I’m going to marry you.”

You crested when you married her after she had graduated from Langston University.

I now understand why publishing has been a major part of my life, because you worked for the Phoenix newspaper in Muskogee, Oklahoma, before you brought your family to Oakland, where I was born at 1776 7th Street at the Pack Train Hotel into a large, welded barrel that you kept in the closet.

Most of that money was “earned” from your after-work second job mastery of the billiard tables on Seventh Street while wearing overalls with a cargo hook in your back pocket.

You brought your entrepreneurial skills to your work as a longshoreman, where unbeknownst to your children, you managed to save by dropping the dimes, quarters, halves, and silver dollars.

Those coins allowed you to buy properties and a car, in the same manner in which you earned them, face-to-face, over the counter, to be counted and acknowledged by the bankers and dealers, while you watched.

As a kid, with a portable shoe shine box, I worked in front of the pool halls by day, where I collected national Black newspapers from the Pullman Porters who brought them to me as a tip with payment.

You and Jimmy Herman helped me and my brother to get hired as ship clerks.

Dad, I did not know that you “graced” those same places at night. I remember when your wife told you to stop that lifestyle or she would leave, you stopped. You abruptly pursued a Bible-based lifestyle with zeal.

I still use some of your favorite aphorisms, such as, “don’t back down from any challenge, or anybody, at any time: You must outwork them.”

“Always come big or stay at home and if you do that, then all I can say is Hammercy.”

Following your advice, I married Gay Plair in 1970. I discovered that her father and you were both named after President Theodore Roosevelt and both of you share conjoined birth dates. Theodore Plair’s birthday is December 31 and yours is January 1. “Hammercy!”

You would have been proud to know that ILWU President Jimmy Herman came to my house with Port Director Wally Abernathy and American President Lines Shipping Co., CEO Bruce Seaton where we organized the Oakland Dredging Coalition to expand jobs and maritime opportunities.

I reminded your friend Herman how you would have said “Dig a little deeper or stay at home.” Hammercy!

This birthday message is being published in the Oakland Post because when Gay published her father’s birthday tribute on Facebook I finally realized that I, too, must honor you the same way. I hope the readers will show me how to use Facebook because I need to activate the “friends” names on my page.

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Activism

Emotional Emancipation Circle Series Offered for People of African Descent

Emotional Emancipation Circles are a collaboration between the Community Healing Network (CHN) and the Association of Black Psychologists (ABPsi). The purpose of the circles is to have a safe space for persons of African ancestry to share truths about the impact of racial stress within our society as well as of having internalized negative cultural messages grounded in the lie of Black inferiority.

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Beginning Jan. 11, 2022, the Circle will meet via Zoom the second and fourth Tuesdays of each month from 12:00-1:30 p.m. The last session will be on May 10, 2022.
Beginning Jan. 11, 2022, the Circle will meet via Zoom the second and fourth Tuesdays of each month from 12:00-1:30 p.m. The last session will be on May 10, 2022.

The First 5 Alameda County Ubuntu Healing Circle is excited to offer Emotional Emancipation Circles™ (EECs) to the Alameda County Community for people who identify as Black and/or African descent.

Beginning Jan. 11, 2022, the Circle will meet via Zoom the second and fourth Tuesdays of each month from 12:00-1:30 p.m. The last session will be on May 10, 2022.

Sessions will take place online. You will receive a link to join after registeringFor planning purposes, please register by January 10.

Emotional Emancipation Circles are a collaboration between the Community Healing Network (CHN) and the Association of Black Psychologists (ABPsi). The purpose of the circles is to have a safe space for persons of African ancestry to share truths about the impact of racial stress within our society as well as of having internalized negative cultural messages grounded in the lie of Black inferiority.

REGISTER HERE

For more information about the EECs, please visit communityhealingnet.org.

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