Finance
In Minnesota, a HUD-approved housing counseling agency helps buyers with:
ANegotiating commission rates
BPre-purchase counseling, budgeting, and understanding mortgage options✓ Correct
CPerforming home inspections
DPreparing legal documents
Explanation
HUD-approved housing counseling agencies provide free or low-cost pre-purchase counseling, homebuyer education, budgeting assistance, and foreclosure prevention counseling. First-time homebuyer programs through MHFA often require completion of a HUD-approved homebuyer education course.
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