November 21, 2013
Congratulations Philip Bowers- Truly a Success Story!!!
Philip, a veteran of the U.S. Army, participated in Partners In Community Building, Inc. financial literacy program and took the steps to rebuild his credit. He utilized one of the tools that we had to offer from our partnership with the Chicago Credit Building Coalition. He opened a secured credit card and used it properly to effectively build his credit score. Now, several months later and after further education, also offered by Partners In Community Building, Inc., Philip earned a certificate as evidence of completing our homebuyer education program.
Today, at age 25, he closed on the purchase of his first single family home! Doing all the right things, he instantly increased is net worth by over $38,000. He not only took advantage of available grants, but he purchased at the right price allowing him to buy for thousands under the appraised value. He also combined seller closing costs credits and lender credits which allowed him to not have to bring any money to the closing.
We applaud him and know that he will continue to stay on the right path. At Partners In Community Building, Inc., we will continue to assist clients like Philip and our proud to also offer post purchase counseling to assure the transition to homeownership is successful.
Financial Literacy Counselor