Tag: Housing Counseling

Where Can I Find Free HUD Approved Foreclosure Prevention Counseling?

Owning a home can be a gratifying experience in the life of many people. While homeownership can be an emotionally rewarding experience for an individual or family, it can sometimes be difficult to manage some of the financial matters associated with owning a home. These difficulties may lead to a foreclosure. We’re going to explain […]

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What Are The Pros & Cons Of Paying To Lock In Mortgage Rates?

There are pros and cons to consider when it comes to locking in mortgage rates. On the one hand, paying to lock in a rate can provide peace of mind and protection from rising rates. On the other hand, there is always the potential that rates could fall after you’ve locked in, leaving you with […]

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Is A Wave Of Foreclosures Coming In The Near Future?

With the arrival of the COVID-19 pandemic, the past year for most homeowners has been anything but ordinary. The unemployment rate has skyrocketed, and many people have been worried about reaching a point where they’ll be unable to make their mortgage payments. For many people, foreclosures could be happening in the near future. While government […]

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How To Know If A Reverse Mortgage Is Right For You

A reverse mortgage is a loan. Unlike forward mortgages, which are used in buying a home, you don’t need to make any loan payments when it comes to the reverse mortgage. The loan becomes due if a borrower dies, sells their home, or moves permanently. The government requires lenders to structure a transaction, so the […]

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Home Equity – What Is It and What Can You Do With It?

The majority of homeowners do not own their homes. They do not have the amount of capital required to buy their homes in cash, and they, therefore, seek mortgages from certified mortgage lenders. They are co-owners with the lenders for as long as the mortgage is outstanding and not paid-in-full. Home equity is the difference […]

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New Survey Reveals Top Barriers To Homeownership

The 2019 Consumer Financial Literacy Survey reveals the most significant obstacles faced by prospective homeowners, underscoring the need for homebuyer counseling and education. As Financial Literacy Month is recognized throughout the nation in April, Advantage Credit Counseling Service and the National Foundation for Credit Counseling® (NFCC®) are working together to spotlight the results of the […]

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How to Deal with the Financial Effects of a Natural Disaster

Natural disasters can cause an enormous amount of devastation and damage, but the effects can actually be more far-reaching than many imagine. When a natural disaster strikes, debt and/or your personal finances are probably the LAST things on your mind. But these two topics are going to come to light pretty quickly after something bad […]

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It’s All About Property Taxes And Reassessment

As many as 60 percent of properties across the country are over-assessed, according to the National Taxpayers Union, a nonprofit group that promotes lower taxes. Many people don’t fully understand what a reassessment is and what it could mean for your property taxes. What is a reassessment? – Let’s start with the definition of Reassessment […]

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How to Build a Strong Financial House with Housing Counseling

For most Americans, buying a home is the largest purchase they will make in their lifetime. But it’s not enough to know what neighborhood, style of house, or square footage you want. Consumers also need to have their financial affairs in order prior to considering homeownership. A consumer’s financial history and credit rating are two […]

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How Credit Counseling Can Help You Get A Mortgage

We get asked this question almost every day “Can you get a mortgage if you’ve done credit counseling and are on a Debt Management Program (DMP)?” The short and sweet answer is “YES”! There are a few things that you need to consider though. Consumer credit counseling can get individuals with poor credit scores on […]

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