Financial Advisor's Group to Initiate 2007 Seminars for Anti-Predatory Lending Campaign, "Smarter Mortgage Money" in Montgomery County, Maryland

The Association of African American Financial Advisors (AAAA) will host its first "Smarter Mortgage Money" seminar for 2007 on Thursday, April 12, 2007 from 6:30 pm to 8:30 pm at the Gilchrist Center for Cultural Diversity, 11319 Elkin Street, Wheaton, MD 20902.

Bethesda, MD (PRWEB) April 21, 2007 -- The Association of African American Financial Advisors (AAAA) will host its first "Smarter Mortgage Money" seminar for 2007 on Thursday, April 12, 2007 from 6:30 pm to 8:30 pm at the Gilchrist Center for Cultural Diversity, 11319 Elkin Street, Wheaton, MD 20902.

The Seminars are free but pre-registration is requested at 301-459-5515 or www.aaafa.org.

The AAAA "Smarter Mortgage Money" program was launched in 2005 and is a financial education campaign designed to increase mortgage literacy skills related to home buying, mortgage financing and predatory lending practices.

The first phase of the campaign will focus on reducing predatory lending and improving access to housing through financial literacy in Montgomery County, Maryland, where AAAA is headquartered. First time homebuyers and low-income borrowers often lack access to basic information about purchasing or re-financing a home and, as a result, may be targets of housing discrimination and potential victims of predatory lending practices.

The Association of African American Financial Advisors will provide educational seminars to residents in Montgomery County who are interested in purchasing or refinancing a home. The seminars will teach residents how to evaluate their spending, credit and debt capacity; how to purchase homes; how to seek and obtain mortgage financing; and how to recognize predatory lending practices and housing discrimination. Particular attention will be directed towards County residents of limited incomes who would be first-time buyers and are members of racial, ethnic, gender or age groups including African Americans, Latinos, women and the elderly.

AAAA will work with private and public groups, including local civic, community and faith-based organizations, as well as county, state and federal governmental agencies to help identify residents who may be likely targets of predatory lending or housing discrimination. For more information, please contact Lanta Evans, Project Manager, at 301-459-5515 or Tyson Bellamy, Assistant Project Manager, at 202-251-2609 or via the AAAA website at www.aaafa.org

Contacts:
Lanta Evans
President, Association of African American Financial Advisors
301-459-5515

Tyson Bellamy
Vice President, Association of African American Financial Advisors
202-251-2609

About AAAA:
Founded in 2001, the Association of African American Financial Advisors is a national organization headquartered in Bethesda, MD. The mission of the 501(c)3 organization is to develop and foster professional relationships among minority professionals working in the financial advisory industry and provide financial education to underserved segments of the American population regarding personal finance and wealth accumulation. Members include financial advisors, accountants, tax advisors, insurance specialists, estate planners, loan officers, realtors, mortgage lenders, and estate attorneys located throughout the United States.

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