Mortgage assistance is a general term that covers a variety of programs and solutions intended to help homeowners who are experiencing financial difficulty and having trouble making their mortgage payment. What kind of assistance options are available if I cannot pay my mortgage?

A home equity loan ( HEL) is a way to borrow money using the equity in your home as the collateral. It creates a second mortgage against your home for the amount of equity you want to turn into cash.

Home Equity Loan Benefits: Protect Your Current Rate. Access you home’s equity while protecting your current low rate. Use Cash For Anything. Get a lump sum payment and use it for anything. A Faster & Simpler Process. You’ll get lower closing costs & spend less time waiting...

The short answer: Yes, you can pay off your home loan early. But be sure to read the fine print. Each month, your mortgage payment is comprised of two parts: The amount that you are paying toward the principal, or the amount of the loan, and the amount that you are paying in inte...

A home equity loan ( HEL) is a way to borrow money using the equity in your home as the collateral. It creates a second mortgage against your home for the amount of equity you want to turn into cash. That means they leave your current mortgage in place, which is appe...

A portion of your monthly payment will be placed in an escrow account for your lender to use to pay your homeowners insurance, which protects against storm damage, fire, theft, and accidents that may occur on your property. Closing costs shouldn’t be a surprise, so let’s review what ...

A home equity loan ( HEL) is a way to borrow money using the equity in your home as the collateral. It creates a second mortgage against your home for the amount of equity you want to turn into cash. That means they leave your current mortgage in place, which is appe...

Mortgage insurance protects the investor or noteholder if the borrower defaults on the loan. It lowers the investor’s risk when funding a home loan. In most cases, if you pay at least 20% down on your home, you’re not required to carry mortgage insurance.

Review Your Financial Health. Check Your Credit Score. Lenders use your credit score as one factor when determining your loan amount and interest rate. Most use credit reports from the three primary credit bureaus (Experian, Transunion, and Equifax) to evaluate your credit score.