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 1-888-294-3130 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