Promoting Homeownership as Means to Financial Freedom
There's been little change in the homeownership rate for Black families in 50 years, so some lenders are rethinking their practices to make buying a home more a reality than a dream. Research shows a 20%-30% gap between Black and white homeownership rates has persisted for more than 100 years, despite increases in Black homeownership in the mid-1900s. Among the many causes today include credit scores averaging around 649 for 60% of African Americans. ...
Source: publicnewsservice.org