AUBURN – Northeast Bank has donated $1,000 to the hoMEworks organization. hoMEworks is a nonprofit organization set up to educate consumers on the benefits of home ownership and understanding the process.

Subject matter includes how to apply for a mortgage, how to handle maintenance and how to manage the financing, including budgeting and debt management. Northeast Bank’s donation will go toward costs to prepare for these classes, such as books and administrative cost. In 2004, more than 120 classes were held in 27 towns covering 16 Maine counties.

“Homeownership is an important goal for many Maine citizens and we applaud the effort of hoMEworks,” said Marcel Blais, senior vice president of Northeast Bank. “We are pleased to be able to support hoMEworks and look forward to their continued success.”

The hoMEworks effort to support a consistent, high quality consumer education program for homebuyers has the support of many nonprofit and private sector organizations.

The mission is to develop a standardized, comprehensive, homeownership education program to be delivered by a network of industry professionals in neutral environments throughout Maine.

Working cooperatively, the initial hoMEworks directors developed standards for homeownership education classes and requirements for educators who want to join the hoMEworks network. Information about hoMEworks can be obtained by visiting www.mainehomeworks.org.

Information regarding Northeast Bank can be found on its Web site at www.northeastbank.com or by contacting 1-800-284-5989.

Copy the Story Link