Choosing a mortgage or a home equity line of credit can be confusing for consumers. The first step is to check your credit report and score. The amount of interest you will pay will be based on your credit score and information in your credit report. The lower your credit score is, the higher interest rate you will be charged.
Resource | Description of Help Provided |
---|---|
Federal Trade Commission's (FTC)
Free Annual Credit Reports |
Obtaining your credit report |
U.S. Department of Housing &
Urban Development (HUD) http://portal.hud.gov/hudportal/HUD?src=/topics/buying_a_home
MoneyWise:
You CAn Buy A Home
|
Advice for buying a home. |
U.S. Department of Housing &
Urban Development (HUD) http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?webListAction=search&searchstate=MD |
Finding a HUD approved Housing Counselor in MD |
Maryland Office of the Commissioner of Financial Regulation
T: 410.230.6100 or 888.784.0136 http://www.dllr.state.md.us/finance/index.shtml |
Information on lenders, mortgage originators, and financial institutions in Maryland. |
FTC:
"Homes & Mortgages"
Federal Deposit Insurance Corporation's: " Looking for the Best Mortgage" Federal Reserve Board: " Consumer Information"
MoneyWise:
Keeping Your Home
|
Advice on choosing a mortgage, home equity line of credit; waht to do if you are having problems paying your mortgage; and more. |
U.S. Department of Housing &
Urban Development (HUD) http://www.hud.gov/local/index.cfm?state=md&topic=homeownership |
Advice on buying retaining and maintaining your home. |
http://www.hud.gov/foreclosure/index.cfm
or
http://www.oag.state.md.us/Consumer/foreclose.htm |
Advice on foreclosures. |