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Housing Counseling Can Help You Turn the American Dream into a Reality

Housing Counseling & The American Dream For many, homeownership represents the American Dream. Whether you are a first time homebuyer or a current homeowner struggling to pay your mortgage, there are countless benefits to seeking housing counseling from a professional who can help you reach your goals. a Are you looking for a mortgage modification? Did you know that homeowners counseled through the National Foreclosure Mitigation Counseling Program are nearly three times as likely to receive a loan modification cure compared to non-counseled homeowners? Annual payments were S reduced by an average of: $4,980 For NFMÇ counseled homeowners who received a modification. With an NFCC certified -$176 housing counselor's help... Of homeowners obtained a mortgage remedy 69% Of homeowners were able to become current on their mortgages 56% Counseled homeowners received loan modifications resulting in a monthly payment that was $176 less, on average, than non-counseled borrowers. An additional, $300 a month in cash flow 3 Are you considering purchasing your first home? is freed up by homeowners that receive holistic counseling from an NFCC member agency. Pre-purchase counseling from an NFCC member agency can help you find a mortgage that is right for you. Recent studies show pre-purchase counseling helped reduce the number of 90-day mortgage delinquency rates for first-time homebuyers by an average of: 33% 32% 28% through home study counseling through phone or internet counseling through classroom counseling Additionally 35% of recent study participants became homeowners 18 months after seeking pre-purchase counseling. The National Foundation for Credit Counseling® (NFCC®), founded in 1951, is the nation's largest and longest-serving nonprofit financial counseling organization. NFCC members provide all main types of housing services including pre-purchase, rental, home maintenance, reverse mortgage, and foreclosure prevention counseling. To schedule an appointment with an NFCC certified housing counselor call 866.687.6322 or visit NATIONAL FOUNDATION FOR CREDIT COUNSELING Knowing the difference can make all the difference. SOURCES:

Housing Counseling Can Help You Turn the American Dream into a Reality

shared by Connect360MultiMedia on Sep 29
Studies show there are clear benefits toward receiving housing counseling. With the assistance of an NFCC-certified housing counselor 69 percent of homeowners obtained a mortgage remedy, and 56 perce...


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