Financial Wellness Institute

A Bridge To Your Financial Future

Housing Counseling

First Time Homebuyer & Foreclousure Delinquency Counseling

Combining housing education with financial education, we help individuals and families achieve home ownership and sustainability. We assist "First Time Home Buyers" through home buyer education and we help existing homeowners retain ownership through foreclosure intervention and default counseling.

 

PRE-PURCHASE (FIRST TIME HOME BUYER PROGRAM)

Our first time home buyer course - “Your Own Home” - is designed to help “First-time Homebuyers” understand the benefits of homeownership, the steps required to purchase a home, questions to ask to determine readiness to purchase a home, basic terms used in a mortgage transaction, and the advantages and disadvantages of different mortgage options. Click here to schedule your appointment.
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Family on Steps

 

HOME PRESERVATION: FORECLOSURE INTERVENTION DELINQUENCY COUNSELING

Foreclosure Sign

Common Causes of Foreclosure

  • Job loss
  • Divorce or separation
  • A death in the family
  • High medical bills
  • Another unexpected crisis


How We Can Help You
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Our program works with homeowners to help them stabilize their situation by:

  • Assessing homeowner’s situations and helping them develop a plan to resolve their problems.
  • Helping homeowners develop and manage their household budgets.
  • Assisting in negotiations with lenders and other creditors.

Complete an In-Take Form

Forms

Once completed fax or email the form


Schedule An Appointment

Bring the copies of the following documents to your appointment;

  1. A recent credit report with credit score.
  2. Most recent paycheck stubs.
  3. If self-employed, bring a profit & loss statement.
  4. Last 2 months bank statements.
  5. Last 2 years tax returns.
  6. Recent statements from lender.
  7. A letter, in your own words, explaining how the default occurred, and what your prospects are for making the payment in the future.

Click Here to Schedule A Confidential Appointment

Tips to Avoid Mortgage Modification and Foreclosure Avoidance Scams

 

 


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What is Mortgage Foreclosure?

Foreclosure is the legal means by which mortgage companies get ownership of your home when you do not make your mortgage payments. When foreclosure takes place, the mortgage company becomes the owner of your home. You must then move out of your house.

What you can do.

Call your mortgage company immediately, if you have fallen behind in your payments or you cannot keep the payments up. Tell them that you would like to talk about your mortgage payments. Explain that you know that you are overdue and are not sure if you will be able to bring it current in the immediate future.

When you speak with the mortgage company cooperate with them fully. Have your mortgage loan number ready. Provide them with whatever information they request. This information will help them help you. Be prepared to share the facts about why you cannot maintain the payments and details about your current and expected future income. Without such personal information the mortgage company will not be able to help you.


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If you have difficulty obtaining any of the documents, come to your appointment anyway, and our staff will assist you.


A housing counselor will review your situation and begin to help you find ways to resolve or prevent your delinquency through mediating with your mortgage company or other lenders, providing you with referrals to other helping agencies and overall information on your options.

 Refinancing Many homeowners pay their mortgages on time but are not able to refinance to take advantage of today’s lower mortgage rates perhaps due to a decrease in the value of their home.



Modification
Many homeowners are struggling to make their monthly mortgage payments perhaps because their interest rate has increased or they have less income

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