Category: Housing Information

A reverse mortgage is essentially a loan against your home that you do not have to pay back for as long as you live there. It allows homeowners age 62 or older to borrow cash from the equity in their homes without having to make monthly payments. A reverse mortgage is often advertised as a [...]

Mortgage Payments Sending You Reeling? Here’s What to Do The possibility of losing your home because you can’t make the mortgage payments can be terrifying. Perhaps you’re having trouble making ends meet because you or a family member lost a job, or you’re having other financial problems. Or maybe you’re one of the many consumers [...]

When the loss of your home becomes a real possibility, you need to be proactive in addressing the problem. It also helps if you know the different possibilities and options your lender may offer you. As discussed in the article “Face Your Mortgage Issues Directly and Realistically” your lender would rather not foreclose and face the expenses involved if [...]

Nobody likes to take a call from the collections department. It doesn’t matter if the call is about a credit card, a utility bill, a bounced check or anything else that may be delinquent. Avoiding the issue may seem like a good strategy to those who really hate conflict, but it is usually the worst thing you can [...]

Do you need financial guidance? Would you like help putting a budget together? DMCC can help you. Call us at 1-800-863-9011 and speak to a certified financial counselor completely free of charge. Volume 1; January 2004 – Educational Series What Can I Afford? The better your credit, the easier it is for you to qualify for [...]

Do you need financial guidance? Would you like help putting a budget together? DMCC can help you. Call us at 1-800-863-9011 and speak to a certified financial counselor completely free of charge.  Volume 1; January 2004 – Educational Series Until recently, there were two main ways to get cash from your home: you could sell your [...]

Do you need financial guidance? Would you like help putting a budget together? DMCC can help you. Call us at 1-800-863-9011 and speak to a certified financial counselor completely free of charge. Volume 1; January 2004 – Educational Series Get Pre-Qualified Do you know if you can afford a home?  How much can you afford to [...]

As with any insurance purchase, it is important to evaluate coverage and research your options to find the best coverage for your dollar. Here are some tips from the National Association of Insurance Commissioners (NAIC) to help you save money on your homeowners insurance. Shop Around Homeowners insurance can be costly, but it is necessary. The premiums charged for [...]