The Association of African American Financial Advisors Initiates Free “Smarter Mortgage Money” Seminars
The Association of African American Financial Advisors (AAAA) announces the first of four free financial seminars in support of their “Smarter Mortgage Money” program, a financial education campaign designed to increase financial literacy skills related to home buying, mortgage financing, credit management, and safeguarding of financial assets.
Bethesda, MD (PRWEB) April 27, 2006
The Association of African American Financial Advisors (AAAA) announces the first of four free financial seminars in support of their “Smarter Mortgage Money” program, a financial education campaign designed to increase financial literacy skills related to home buying, mortgage financing, credit management, and safeguarding of financial assets. The first seminar will be held on Saturday, April 29, 2006 from 9:30am to 11:30am at the Montgomery County Council Office Building, 3rd Floor Conference Room, 100 Maryland Avenue, Rockville, MD.
Homeownership is the cornerstone to wealth building for most American families. For over half of American homeowners, at least 50% of their wealth is the equity in their homes. “It is important for communities to continue to build wealth through homeownership, and to continue to maintain and grow that wealth through smart usage of mortgage money”, said LeCount Davis, Chairman of AAAA. First time homebuyers and low-income borrowers often lack access to basic information about purchasing or re-financing a home and as a result may be targets of housing discrimination, mortgage fraud, and predatory lending practices.
The first phase of the campaign will begin in Montgomery County, MD. There, AAAA will provide educational seminars to residents who are interested in purchasing or refinancing a home. The seminars will teach residents how to evaluate their spending, credit and debt capacity, how to purchase homes, how to seek and obtain mortgage financing and how to recognize lending scams and housing discrimination. Particular attention will be directed towards County residents of limited incomes who would be first-time buyers and are members of racial, ethnic, gender or age groups including African Americans, Latinos, women and the elderly.
AAAA is working with private and public groups, including local civic, community and faith-based organizations, as well as county, state and federal governmental agencies to implement the seminars and help to get the word out to attendees. Organizational heads are encouraged to contact AAAA to participate in this effort.
To register, call AAAA HQ at 301-961-1507. For more information, please contact Lanta Evans, Project Manager, at 301-459-5515 or Tyson Bellamy, Assistant Project Manager, at 202-251-2609.
About The Association of African American Financial Advisors
Founded in 2001, the Association of African American Financial Advisors is a national organization headquartered in Bethesda, MD. The mission of the 501(c) organization is to develop and foster professional relationships among minority professionals working in the financial advisory industry and provide financial education to underserved segments of the American population regarding personal finance and wealth accumulation. Members include financial advisors, accountants, tax advisors, insurance specialists, estate planners, loan officers, realtors, mortgage lenders, and estate attorneys located throughout the United States.
Tyson Bellamy
Vice President, Association of African American Financial Advisors
Lanta Evans
President, Association of African American Financial Advisors
301-459-5515
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