Unlocking the ‘secrets’ of becoming a homeowner

A new Wells Fargo-NAACP homebuying class aims to boost the African American homeownership rate, homebuyer by homebuyer. Facing some challenging student loan debt, college sweethearts Cameron and Avery Cruise thought buying a home was way out of their reach. All of that changed last year, when they took a class that opened the world of homeownership to them. From credit scores and debt-to-income ratios to the secrets of buying the right home, the Cruises absorbed all the knowledge they could get, said Cameron Cruise, 25, interim director of a child placement agency in Houston. “We didn’t know what we were doing at all in the beginning,” she said. “After that class, we felt like we knew exactly what we needed to know.” Two months after taking the free homebuying class, the Cruises received approval for a Wells Fargo home mortgage and closed on their new house — a 3-bedroom, 2 1/2-bath abode with a nice backyard and deck with plenty of space for grilling. Click here to read the full article