If you are thinking about buying your first home or if it has been a while since you bought your last home, you might find the information at the Mortgage Bankers Association’s Home Loan Learning CenterTM helpful. The Home Loan Learning CenterTM provides step-by-step information that will teach you how to make good financial decisions. Learn about credit reports and scores; the true cost of owning a home; and how to compare the costs of owning versus renting a home. The Web site provides in-depth, easy-to-read home loan product information in the “All About Mortgages” section, which includes information on how to qualify for a loan, what the documents mean and what's in the mortgage payment.
The Home Loan Learning CenterTM is committed to empowering you to make informed financial decisions through access to financial education. We encourage you to visit the Web site to continue your financial education by taking advantage of the comprehensive set of links to reach state, federal, non-profit and consumer group Web sites. Armed with the facts, your next move could be into your new home. Click here to go to the Home Loan Learning Center™ .
If you know someone having a difficult time making the monthly payments on their current home or facing a possible foreclosure, there are a number of resources available to them. There are two hotlines available:
- The U.S. Department of Housing and Urban Development counseling hotline at 1-800-569-4287 or online at www.hud.gov
- The HOPE NOW hotline, 1-888-995-HOPE(4673) or online at www.995hope.org.
- The Foreclosure Prevention Resource Center website if you prefer to go online.
We want you to be an informed consumer. For more information contact Jerry Hays at jerryhays@ccs-indiana.com.