How a housing counselor can help you
What is a housing counselor?
Housing counselors can be an invaluable free resource for information that can help first-time homebuyers, as well as homeowners. But most people have never heard of a housing counselor. Learn what a housing counselor is, how they’re trained and how they can help you if you’re buying your first home.
[On-screen text] Consolidated Credit: Ask the Expert
Maria A. Gaitan, Director of Housing Counseling and Community Outreach: Hello, everyone. In the next sixty seconds, I’ll explain why consulting with a housing counselor is critical to your success as a homebuyer and what kind of help they can provide.
A HUD Certified Housing Counselor is uniquely qualified to educate individuals in what they need to know and how they should prepare in order to qualify for a mortgage. From preparing a budget to finding out what monthly mortgage payment you can afford to learning what amount a lender will approve and then finally knowing the price range of the house you can comfortably afford.
A housing counselor will help you create an action plan to meet your goals. Also, a housing counselor will educate you on how to work with a Realtor®, what a bank wants to see in the application, the importance of title insurance, home inspection, home insurance, and the actual closing process.
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Get a free consultation from a HUD-certified housing counselor.