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Posted - Nov. 8, 2011 at 10:18 a.m.

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This is Chris Redgrave for Zions Bank Speaking on Business.

Picture this: you're a couple living in a nice-sized home. As empty nesters, you decide to sell your home and move into something smaller. The current market makes this process more challenging than it's been in the past, but there may be options for you to explore and get the education you need to make the best decision for you, your family and your investments.

With help from the brand new Homeowner's Café on Union Park Avenue in Midvale, you now have a resource to answer all your questions about homeownership. It's a free education center designed to simplify the complexities and acronyms of home finance.

With free Wi-Fi, a screen with the latest financial news constantly playing and three cubicles you can use for Internet searches, the free Homeowner's Café is both an online resource and physical location for anyone from first-time homebuyers to experienced owners or investors to troubled homeowners looking for guidance. There's also resource officers who can help explain concepts you may not be familiar with, like what it takes to be pre-qualified for a home loan or what a short sale is.

You can also be introduced to government programs or finance options like the Home Affordability Modification Program or HAMP. This program is intended for those whose income can't support their house payments and reduces the interest rate to 2 percent for the next five years. The Home Affordability Refinance Plan which allows you to refinance your home at the current rate as long as you have the ability to pay until the value comes back. The programs are intended to help the 11 million homeowners currently with mortgage challenges.

The best part about the Homeowner's Cafe is that it's useful for people in all stages of life, from the young couple buying their first home to empty nesters trading their home for a condo to veterans looking to buy. For any situations going on in the real estate market, they can answer questions.

Sponsored by Zions Bank, the Homeowner's Café is one way of serving our community.

For Zions Bank, I'm Chris Redgrave, speaking on business.

Homeowner's Café 7634 Union Park Ave. Midvale, UT 801-316-1612


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