about how to prepare to buy a home

Money Sense – Homes and Mortgages

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On this episode of Money Sense, host Anthony Contrucci interviews Al Thorup, Executive Director of the Indiana Mortgage Bankers Association, and Peter Novak Jr., CEO of GNIAR, about how to prepare to buy a home, working with a realtor, and how to pay for your home. The experts discuss how to choose a realtor and a lender, the different types of down-payment assistance and loans available, and how to start the home-buying process.


Alan Thorup, Executive Director

Indiana Mortgage Bankers Association

  • Executive Director since February of 2008
  • Since 2008, IMBA has grown from 81 to 132 company/agency members today
  • Volunteer board member of IMBA’s Greater Indianapolis Chapter for 4 years and IMBA’s State Board for 3 years, prior to becoming Executive Director
  • 24 years direct mortgage lending experience in Michigan, Ohio and Indiana
  • Personal mortgage loan originations of over 1,600 loans
  • Managed over $1.5B in mortgage loan production
  • BBA from Eastern Michigan University in 1981 and MBA from Xavier University 1993
  • Fishers, Indiana resident since 2000, two children, and,
  • Board Member with Habitat for Humanity of Indiana since 2009



Peter Novak, Jr., Chief Executive Officer

Greater Northwest Indiana Association of REALTORS® (GNIAR)

Peter Novak, Jr. is the Chief Executive Officer of the Greater Northwest Indiana Association of REALTORS® (GNIAR), which represents more than 1,800 REALTORS® in offices in Lake, Porter, Jasper, Newton, Starke and Pulaski counties. He has been with GNIAR since May of 2007. Prior to joining GNIAR, he worked for the City of Hammond as Executive Director of Planning and Development, the City’s Deputy Chief of Staff as well as in the mortgage industry. He holds a degree in Finance and Accounting as well as his Masters of Business Administration from Purdue University Calumet.

Novak is also a board member for the Northwest Indiana Forum.

GNIAR, the voice of real estate in Northwest Indiana, serves as a resource not only for REALTORS®, but for consumers on issues pertaining to the industry in the region. GNIAR is also the sole shareholder of its wholly-owned subsidiary corporation, the Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc., in which REALTORS® and the public can search property listing.



Bathsheba Wyatt-Draper, Home Ownership Consultant

Neighborhood Housing Service of Chicago

My background of working from the grass root to the state house is extensive. I lobbied the state for funds to preserve the Historic Landmarks in the Bronzeville community on the Southside of Chicago, while working for the Mid-South Planning and Development Commission. I worked with the City of Chicago 2 years on the reconfiguration of Lake Shore Drive and the Museum Campus that connects the Natural History Museum and the Shed Aquarium on South Lake Shore Drive.

While working for the Rainbow PUSH Coalition, I monitored and analyzed state legislation and regulators around issues and programs that affect the way of life of people who don’t have the time, money or know how to speak for themselves. I set up financial literacy ministries in churches in eight states to help the members be better stewards of their money.

I have been on many panels and part of many roundtable discussion regarding the housing issues with CHASE, Bank of America and CITI. I have been on the Cliff Kelly show and hosted the “IN THE HOUSE WITH NHS SHOW” for three seasons on CANTV’S HOTLINE 21. I have been quoted and interviewed in the print media also.

I work for the Neighborhood Housing Services of Chicago as a Home Ownership Consultant; I am one of two the Mid-West rep for the Freddie Mac Borrower Help Center. I service the following states: Illinois, Michigan, Indiana, Wisconsin and Ohio.

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