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How to Avoid Foreclosures and Keep Your Home If you find yourself facing foreclosure you are not alone. The housing boom has left many homeowners in the situation. This brochure will help you understand your options and give you tips on how to avoid losing your home--regardless of what kind of mortgage you have. If you need immediate help, call 888-995-HOPE or visit www.995hope.org. Credit Counceling Hud A list of counseling agencies by state NeighborWorks® America: Find a NeighborWorks® counseling organization in your community Educate yourself before you buy about lending and mortgages & you may not find yourself facing foreclosure I have included some links here for you that will give you all the information you need to arm yourself before speaking with a mortgage broker or lender. Let's start with the basics of personal finance MyMoney.gov. Study the basics of personal finance at your own pace for free FDIC's Money Smart program. How to build good credit habits Freddie Mac's CreditSmart® program. Learn how to make good financial decisions at Credit-Power, an animated Web site with characters and real-life scenarios Learn about the Fair Credit Reporting Act and Your Credit History Learn the nine steps to buying a home www.hud.gov/buying/index.cfm Shop for the best mortgage www.federalreserve.gov/pubs/mortgage/mortb_1.htm How To Avoid Predatory Lending This brochure will educate you on predatory lending practices and gives you tips on avoiding getting taken in. Specialty (Nontraditional) Mortgages: What are the Risks and Advantages? This brochure can help you determine what kind of home financing is best for you Traditional Mortgages: Understanding Your Options This brochure explains that traditional fixed-rate mortgages and adjustable-rate mortgages Learn About FHA Mortgages How to qualify for a FHA mortgage |