Mortgage & Homeownership

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.

    • How Do Homebuyer Workshops Help First-Time Buyers?

      The homebuying process can be complex and even intimidating if you don’t know what to expect. HUD-approved homebuyer workshops help firs-time buyers learn about the process so they know how navigate it to get approved.

    • What is Mortgage Insurance?

      If you plan to make a down payment of less than 20 percent on your mortgage, expect to face the added cost of mortgage insurance. Learn what Private Mortgage Insurance (PMI) is and how it can affect your bottom line when you buy a home.

    • Is Taking Out a Home Equity Loan a Good idea?

      If you need cash but don’t have it in the bank, where do you turn? If you’re a homeowner, you may be considering using a home equity loan. Expert Gary Herman explains helps you decide if getting the cash is worth putting your home at risk.

    • Get ready for homebuying!
      Can I Buy a Home with Bad Credit?

      Having bad credit doesn’t necessarily mean that homeownership is out of your reach. If you want to buy a home but you’ve had debt problems, we can help you understand the lending options available to people with less-than-perfect credit.