Framework Homeownership can be mandatory to some mortgage programs, particularly first-time homebuyers, or low-to-moderate income borrowers. A significant number of lenders and housing agencies will relate to the completion of a homebuyer education course to make sure that the borrowers are aware of their financial obligations. Although not mandatory in all loans, successfully completing the course can enhance your application and indicate financial preparedness. It also assists borrowers to shun risks of over-borrowing or default. Although not mandatory, taking the course is very useful to get a clear view of the homebuying process.