Take
time to prepare and gather the facts from a
non-biased third party before signing anything.
|
HOUSING
EDUCATION
Every renter and homeowner assumes consumer
responsibilities along with their rights. We want
everyone to have the best information available
before making important buying decisions and
commitments. Consider the following:
-
How much home can you reasonably afford?
-
What loan programs will best suit your needs?
Do any special city-based funding programs
apply?
-
Do you understand the whole loan process --
from appraisals, escrow, inspections, title,
closing and settlement?
-
Will you be cautious about new spending while
you are adjusting to a new, and most times
higher, house payment?
-
Will you be able to weather an emergency?
-
How will the lender or services work with you
if a problem arises?
We offer "First-Time
Homebuyer Workshops" (free six-hour
pre-purchase and default prevention seminars) on a
monthly basis. In the workshop, attendees learn
about budgeting, credit, the loan process, the
parties involved, real estate terms and are
introduced to skills to avoid future delinquency
problems.
Call (757) 826-2227 for a
schedule of current "First-Time Homebuyer
Workshops."
HOUSING
COUNSELING
Housing
decisions and costs are critical for every
household, but the impact will affect all areas of
your life. How many friends or family members do you
know who jumped into a decision ill-prepared and
suffered the consequences later?
Our
certified housing counselors provide no-charge,
confidential counseling to clarify real estate
issues, educate people on home pre-purchase
decisions and default prevention and to provide
assistance and information relating to reverse
mortgages.
We are also committed to creating productive
partnerships with public and private mortgage
lenders, companies, cities and community groups to
expand consumer financial education and the base of
homebuyers in our community.
DEFAULT PREVENTION
A lender will assume you have done everything
to protect your home before coming to them for help.
We can work with you and your lender to be sure
every option is explored. Not every home can be
saved, but the situation can be controlled if proper
decisions are made early. This requires a workable
plan of action.
Time
is of the essence. Please call us for a housing
appointment as soon as you realize you cannot
continue making payments on time.
For those who are behind in their payments,
different types of assistance are available
depending on whether your loan is FHA, VA or
conventional. We can discuss OPTIONS:
- FHA and VA Programs
- Forbearance Agreements
- Modifications
- Refinance Options
- Repayment Workouts
- Sale of the Property
- Non-profit Legal Referrals
Each situation is different and
needs a review of all the facts to determine the
best options. If you're in trouble with your
mortgage, call (757) 826-2227 and request a
no-cost housing counseling session today. |
