Buy your first home, or refinance your existing home?
If you are planning to buy your first home, or refinance your existing home, you probably have many questions—including questions about which type of mortgage is right for you, and how to qualify for the best possible one.
The Responsible Homeownership (R-HOME) mortgage was specifically designed to give responsible homebuyers the opportunity to qualify for stable, affordable, fixed-rate prime mortgages.
Why is counseling so important?
Purchasing a home is the most important, expensive and complex transaction you may ever make. It is important to understand all of the costs and terms in the transaction. Your lender needs to have an accurate understanding of your individual situation so that you are not penalized with a higher interest rate. Counseling helps you obtain the best financing possible and reduces the stress that often accompanies the homebuying process. Counseling is also part of the long-term support process that helps borrowers respond to life events that may interrupt their capacity to make their mortgage payments.
Equal Housing Opportunity
