| January 9, 2013

Internet Is Top Resource for Buyers Interested in Homeownership

Many people have questions about starting the home buying process and obtaining a mortgage.

Homeownership can be a worthwhile, yet expensive, endeavor, and many people have several questions about how to begin the process and what obtaining a mortgage will entail. Conducting research prior to speaking with a mortgage consultant can be a wise move, because it may inform buyers of what they can expect, documents they will need, credit score requirements and the type of home they can afford.

When it comes to educating themselves on the mortgage process, new data shows that the internet is most Americans’ top resource. A joint study conducted by the National Association of Realtors and Google found that real-estate related searches increased 253 percent over the last four years. This may also signify that more people are interested in taking advantage of current market conditions and purchasing a home.

“These results parallel the trends shown in NAR’s economic research reports,” said NAR president Gary Thomas. “As home sales and prices continue to trend up, more people are regaining confidence to invest in their future through homeownership.”

Consider other research options as well

While internet searches can yield a great deal of results in regards to learning about home loans, it’s also a smart idea for potential buyers to speak with a professional, who can answer some questions with more precision and provide guidance on complex issues. For example, enrolling in housing counseling or speaking with a credit counselor prior to submitting an application can help buyers learn more about how their finances and credit will be assessed.

Lenders may have different criteria when it comes to credit scores, but having pristine ratings can only help individuals when making such a large investment. Credit counselors can review applicants’ unique financial circumstances and advise them on how best to improve their credit standing before consulting a lender. The same is true when it comes to saving for a downpayment. Professionals can help buyers determine if they have saved enough based on the mortgage amount they’re considering, and give budgeting tips to help them amass a larger amount to put down.

Finally, there are several additional costs that come with purchasing a home, such as closing expenses, maintenance, title fees, homeowners insurance and hiring a home inspector. Consumers who are unsure how much additional these costs will run them should consult a professional to ensure they don’t overextend their finances and take on debt they cannot pay.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

All Consolidated Credit counselors are certified personal financial counselors (CFC) We've helped 5 million people get out of debt! Call us today and see what we can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

The National Industry Standards for Homeownership Education and Counseling are a set of guidelines for quality homeownership and counseling services. Industry professionals who adopt these standards can be trusted to provide consistent, high quality advice.
Click here to learn more.

Consolidated Credit Consulting Services, Inc. has been verified as the owner or operator of the Web site located at www.consolidatedcredit.org. Official records confirm Consolidated Credit Consulting Services, Inc. as a valid business. Call us today and see what we can do for you.

Consolidated Credit is a Certified ISO 9001 company, as verified through Bureau Veritas Certification.

Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Consolidated Credit is proud to be an ANAB accredited member. Accreditation by a recognized and respected body such as ANAB ensures the impartiality and competence of our company. To see what we can do for you, give us a call.

U.S. Department of Housing and Urban Development - HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. Consolidated Credit is proud to be a member of HUD and also part of the Hope Now Alliance.

You can save!

With this amount of debt, you'd pay around $xx.xx on a DMP.

FREE Debt Consultation
VE Interactive