Retirement is meant to be a time to relax and enjoy the fruits of your labor, but for many, it also brings financial challenges. As you move out of the workforce and onto a fixed income, managing expenses like debt, housing, and medical costs becomes crucial to maintaining financial security. If you’re approaching retirement or […]
Continue ReadingTag: Housing
The Hidden Costs And Consequences Of A 50 Year Mortgage
In recent policy discussions, the concept of a 50‑year mortgage has resurfaced as a potential solution to the growing affordability crisis in the housing market. Supporters claim that extending the mortgage term from the traditional 30 years to 50 years could make homeownership more attainable by lowering monthly payments. While that idea may sound appealing […]
Continue ReadingHow HUD-Approved Counselors Help Families Build Housing Stability
Safe, stable housing is the foundation for financial well-being. At Advantage Credit Counseling Service, we are proud to be a HUD-approved housing counseling agency, providing professional, unbiased support to individuals and families throughout our region. Our counselors are HUD-certified, meaning they meet national training and qualification standards to ensure accurate, reliable guidance for renters, homeowners, […]
Continue ReadingHow HUD & Housing Counseling Can Help You With Homeownership
Buying a home is one of the biggest financial decisions most people will ever make—but it can also be one of the most confusing. From saving for a down payment to understanding mortgage options and navigating closing costs, the homebuying process can feel overwhelming. That’s where housing counseling comes in. For over 50 years, the […]
Continue ReadingUnderstanding The Pros And Cons Of Adjustable And Fixed Rate Mortgages
In the realm of home financing, one of the pivotal decisions prospective homeowners face is whether to opt for an adjustable-rate mortgage (ARM) or a fixed-rate mortgage (FRM). Both options come with distinct advantages and drawbacks, and understanding them thoroughly is crucial for making an informed choice that aligns with your financial goals and circumstances. Let’s […]
Continue ReadingWhat Is A Housing Counseling Session And How Can It Help You?
One of the major decisions to make in your life is the choice of housing. Should you rent or buy? This is a long-term commitment, and it comes with lots of responsibilities. You must avoid making costly mistakes on matters that are concerned with housing, and you must be keen to realize optimal outcomes. This […]
Continue ReadingNew 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 […]
Continue ReadingIt’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 […]
Continue ReadingForeclosure Prevention
Owning a home or condo can be a rewarding experience in the life of many people. While home ownership 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 home ownership. Since many people use mortgages to purchase a new […]
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