HUD Launches Website to Increase Financial Literacy, Healthy Homeownership

RISMEDIA, Dec. 5, 2008-The U.S. Department of Housing and Urban Development launched a new, comprehensive website to assist Americans with improving financial literacy, sustaining healthy homeownership and achieving financial security. The My Money, My Home, My Future website provides a range of interactive resources to inform users about the importance of financial literacy, including a Self-Assessment Tool, online games and informative classes.

“It is imperative that Americans are better educated about their finances and understand what it takes to be a responsible homeowner,” said HUD Secretary Steve Preston. “The resources on the website allow families to plan ahead to make smart choices about their finances and home buying decisions.”

The new site provides a wide-range of information about all avenues needed to be successful on the road to greater financial education, including:

- Building a Financial Foundation;
- Sustaining Healthy Homeownership; and
- Achieving Financial Security.

One of the most unique features of this website is the Self-Assessment Tool. The Self-Assessment Tool provides an extensive guide to help users learn more about personalized options for purchasing and/or refinancing their home. Users will be prompted to answer a few questions. Based on the answers given, the Self-Assessment Tool lists numerous links to visit on-line to learn more about the necessary and correct steps to own a home, refinance a home, enhance their financial skills, and much more.

Some of the other links on My Money, My Home, My Future give detailed information about:

- 9 Steps to Buying a Home
- Housing Counselors and Lenders
- Banking, Credit and Building Wealth
- Foreclosure Process and Alternatives
- Refinancing Loans and FHA Insured Loans

This new site is also located on www.HUD.gov and www.FHA.gov both in easy to find locations on the main Web pages.