A house purchase is a significant event in most lives. The buyer goes into mortgage debt that is two or more times his or her annual income. Young employees want to have a house but worry about what to do to get one.
Ignorance Creates Anxiety
An employee might be making great money. Technical skills command top dollar in and there might also be a performance bonus. The housing market, though, is a mystery. Learning how real estate purchasing works will relieve any anxiety. Countrywide Pre-Paid Legal Services can help.
“Make Your Move” Educates Consumers
We have a financial wellness benefit called “Make Your Move.” It is a self-study program that explains real estate and how to purchase a house safely. The coursework takes the mystery out of the process and a person feels more confident with the new knowledge.
A Comprehensive Financial Wellness Package
Understanding the language of real estate is essential, but financing is necessary. An employee can know almost everything about real estate but cannot buy anything without the money. Countrywide offers a comprehensive financial wellness benefit. We are not a one-trick pony and we have more than self-study units.
Certified counselors provide our primary service. These are professionals who handle everyday financial issues with plan members. We position a Countrywide counselor in the community of every one of our clients. It is easy to get access to a Countrywide counselor, and social distancing is practiced.
Being Mindful of the Budget
A mortgage payment is going to take a significant piece of any employee’s income. Too many people do not have a sensible budget to work with and the end up short at the end of the month almost all the time. Countrywide counselors will do a budget analysis for a financial wellness plan member to determine where the personal river of cash flows.
Mindfulness of the budget helps. The Japanese call this Kakeibo. It means being mindful of where a person’s income is going each month. Countrywide counselors help instill this mindset in plan members. They discuss with an individual where that person’s money, our counselors will suggest changes to the budget that can help.
It can mean paying less on specific credit cards and restructuring other debts such as college loans. The intent for prospective house buyers is to free up enough money so that the mortgage is affordable. Some people have difficulty with credit card balances and paying off medical bills. Here again, the counselor can provide some guidance and determine ways to trim the expenses, so there is more money available at the end of the month.
The Client Is Center Stage
Our clients are essential players in designing their financial wellness benefits. The decision-makers know what services their employees would like to have. We seek their input. Countrywide explains all the options and answers any questions. The employers will then choose which benefits they want in the plan. Countrywide provides a streamlined administration that gives the requested service immediately.
Incidentally, the personal touch our counselors provide is packed with empathy. Financial wellness advice is best when the counselor has superior emotional intelligence. Personal skills are a factor we use in screening our counselors. We have been remarkably successful in picking professionals who care about people.
Too many people convince themselves that buying a house is out of the question. That is not true. A little bit of work with the figures and perhaps restructuring the household budget can make the home more affordable. Knowing what to do and what to expect when buying a house can save a person thousands of dollars at the closing. The advice we give is valuable to any plan member.
If you have any questions about our services, please feel free to contact us at your convenience. We want to assist your employees and welcome the opportunity to explain all our benefit options. You will be pleasantly surprised at the benefit we provide.