HUD Launches Comprehensive Website to Increase Financial Literacy, Promote Healthy Homeownership

My Money, My Home, My Future

The U.S. Department of Housing and Urban Development (HUD) launched a new, comprehensive Web site 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 homebuying 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 http://www.hud.gov/ and http://www.fha.gov/, both in easy to find locations on the main web pages.

Source: HUD No. 08-180


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