Faced with higher prices on rent, food, and gas, many first-time homebuyers are struggling to save for a down payment and pay off the credit card debt they’ve accrued in recent years.
These compounding factors are driving the credit scores of many prospective homebuyers lower and their debt-to-income ratio higher.
The problem facing many mortgage originators is finding ways to keep discouraged homebuyers motivated while helping credit-challenged consumers get in the game. This situation presents an opportunity for originators to build their pipeline with aspiring homeowners using homebuyer education.
Click here to download FinLocker’s guide Build Your Pipeline Through Homebuyer Education for ideas on creating, promoting, and presenting online and in-person first-time homebuyer workshops to build and nurture your homebuyer pipeline.