Teaching the Right Way to Reach Homeownership for Ten Years

PITTSBURGH, March 3 /PRNewswire/ -- With today's headlines highlighting stories of borrowers lured into sub-prime loans and now facing foreclosure, it seems Dollar Bank's approach for the past ten years has been the right one. At least that's what Mona Generett thinks. She's Dollar Bank's VP for Community Development and the designer of the bank's "Mortgages for Mothers" Workshop, set for Saturday, March 7, 2009 at the Sheraton Station Square.

"There are no shortcuts when it comes to buying a home," Generett explained. "For the past ten years, we have been holding these free workshops to teach would-be borrowers the right way to reach homeownership. At our workshop, we explain to potential borrowers the complexities of the mortgage process and help them design a plan to buy a house within their means and to obtain a mortgage that they can afford."

"Highlighting the workshop each year are inspirational presentations by new homeowners, who overcame their own problems with the help of Dollar Bank's credit counselors and obtained a mortgage," Generett continued. "For those that need it, we encourage attendees to rebuild their credit with the help of our homeownership counselors, who have helped scores of would-be borrowers understand and resolve their credit problems and confidently buy a home they can afford."

Celebrating its tenth year, the "Mortgages for Mothers" workshop usually attracts more than 300 female heads of households looking to buy a home.

Attendees will learn about the various mortgage loan programs available to them and come to understand the importance and power of credit. They will even get a chance to discuss their individual credit reports with a credit professional.

KDKA TV's Lynne Hayes-Freeland, a single mom herself, will moderate the session.

"Mortgages for Mothers" is only one part of Dollar Bank's efforts to provide special help to those would-be borrowers who have special needs. On a daily basis, Dollar Bank homeownership counselors help would-be homeowners by holding educational classes, private credit restoration counseling sessions, special savings programs and other informational and motivational group sessions.

The "Mortgages for Mothers" home buying workshop will begin at 9:00 a.m. on Saturday, March 7, 2009 at the Sheraton Station Square on Pittsburgh's Southside.

For more information, please call 1-800-345-DOLLAR or visit our website at www.dollarbank.com.

SOURCE Dollar Bank