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Housing

THE NATIONAL BLACK CHURCH INITIATIVE TEN EASY STEPS FOR SAVING YOUR HOME FROM FORECLOSURE AND GETTING ASSISTANCE.

One Stop Housing Resource Center

Step 8 - Mortgage Bankers Association and the Home Loan Learning Center

 
The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry. Headquartered in Washington, D.C., MBA invests in communities across the nation by ensuring the continued strength of the nation's residential and commercial real estate markets; expanding homeownership and extending access to affordable housing to all Americans and supporting financial literacy efforts.

The HomeLoanLearningCenter.com provides step-by-step information on how to become financially literate. Armed with the facts, your next move could be into your own home. 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, what's in the mortgage payment and mortgage calculators to help consumers plan their payments.

Foreclosure Prevention Resource Center
Foreclosure happens for many reasons, and most are beyond anyone's control: death, sudden illness, divorce and maybe most common -- job loss. Other factors, such as complex loan terms, can contribute, but regardless of the reason, foreclosure often can be prevented.

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