Wells Fargo Home Mortgage will team up with the Nashville GLBT Chamber of Commerce (NAPP) and donate up to $300 to the chamber for loans that have been referred by chamber members or their friends, family and associates.
The announcement was made at the June 27 NAPP meeting by Jeremy R. Davis, vice president, Wells Fargo Home Mortgage. Davis told chamber members they (or their friends) would simply need to indicate they wanted to participate in the GLBT chamber program.
“We are launching this program in Nashville and soon it will go national,” Davis said. “Wells Fargo is a member of the National GLBT Chamber of Commerce and this is a great way to invest back into the community and help the chamber grow.”
Davis also gave NAPP members a copy of the book “The Automatic Millionaire Homeowner” by David Bach.
“We want to give people who are not currently homeowners a good firm foundation and eliminate some myths that people have with home buying,” he said.
Davis said there were five myths that often acted as common barriers preventing people from buying a home.
“We want to be able to help you as GLBT couples and singles to purchase your next home,” Davis said.
Those myths include:
- Needing a large down payment
- You must have perfect credit to get a loan
- It’s less expensive to rent than purchase a home
- The mortgage process is long and complicated
- The fear of not being able to make the mortgage payment
“There are just so many misconceptions that may be causing people to put buying a home on hold,” he told the audience.