Our experts answer your questions about mortgages and managing your greatest asset effectively.
Owning a home is one of the greatest investments you can make – for your finances and for your family, too. You have the benefit of building equity on tangible asset. It can even help foster a good credit score as long as you stay on top of the payments, because it counts as a good type of debt to hold. On the other hand, problems with your mortgage can bring on more stress, because your biggest asset and the place your family calls home can both be at risk.
With that in mind, we’ve created this section to answer questions about mortgages, homeownership, buying a home and even how to avoid foreclosure. This information can help you manage your mortgage effectively and avoid problems. If you don’t see the answer you need or would like more information on a topic, fill out the form to the right and we’ll get back to you within 48 hours. You can also call to speak with a certified credit counselor now so you can ask your question directly.
Want to know what credit score is needed to buy a house? Consolidated Credit’s HUD-certified Housing Director explains what FICO score you need and how to overcome bad credit to achieve homeownership...Read full article
Is a Home Equity Line of Credit Good or Bad? It depends on your debt, credit, budget and market conditions. Learn how to weigh the pros and cons of HELOCs to protect equity and avoid foreclosure...Read full article
A HUD-approved first time homebuyer workshop can teach you how to buy a home and get mortgage-ready, with a homebuyer certificate so you can qualify for down payment and closing cost assistance...Read full article
Are home equity loans a good idea? It depends on your debt, credit, budget and goals, as well as current real estate marketing conditions. This video explains when a home equity loan is good and bad...Read full article
A new report finds long term auto loans are getting longer and longer, leading to more time in debt and higher costs due to added interest charges. Do borrowers really benefit from that commitment?..Read full article
A Texas teacher lost his dream job as a teacher after he defaulted, and Texas isn’t the only state that does this. We detail what states can revoke professional licenses for defaulted student loans...Read full article
First Command finds that there is a financial confidence gap between Service Members and their spouses, who typically manage the household finances. What can be done to improve financial confidence?..Read full article
A new study finds women hold more student debt than men. In fact, women hold two thirds of all student loans currently in repayment. CNBC explores five reasons why student loan debt is a bigger burden for women than it is for men...Read full article