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Home Loans

Information is critical when you are shopping for a mortgage. And it’s equally important to know the consequences of falling behind on your payments and the telltale signs of a foreclosure rescue scam. What about a reverse mortgage? When could it be a good deal — and when can it be a dud?

Getting Credit

Credit Discrimination

Federal law gives you protections when you deal with any organizations or people who regularly extend credit. That includes, for example, banks, small loan and finance companies, retail and department stores, credit card companies, and credit unions. Everyone who participates in the decision to grant credit or in setting the terms of that credit, including real estate brokers who arrange financing, must comply with the Equal Credit Opportunity Act (ECOA).

Mortgage Discrimination

Discriminating against someone who’s trying to get a mortgage loan is against the law. Know your rights and what to do if you suspect discrimination.

Shopping for a Mortgage

Home Equity Loans and Home Equity Lines of Credit

Shopping around for a home equity loan or a home equity line of credit can help you get better terms and a better deal.  

Mortgage Discrimination

When you apply for a mortgage, the law protects you from discrimination on the basis of race, color, religion, national origin, sex, marital status, age, or whether you get public assistance.

Shopping for a Mortgage FAQs

When buying a home, shop around, compare terms, and prepare to negotiate to get the best deal.

Paying Your Mortgage

Sample Complaint Letter to send your servicer a “qualified written request”

Fill in the details of this sample letter to raise questions or dispute charges with your servicer. You might wish to send this letter via certified mail with return receipt requested.

Your Rights When Paying Your Mortgage

Dealing with your mortgage can feel confusing and frustrating. But you have rights when it comes to making your payments and how your servicer manages your account. Learn your rights concerning how your loan servicer manages your mortgage loan account.

Foreclosure

Mortgage Relief Scams

Scammers promise to make changes to your mortgage loan or take other steps to save your home, but they don’t deliver. Never pay a company upfront for promises to help you get relief on paying your mortgage.

    Trouble Paying Your Mortgage or Facing Foreclosure?

    If you don’t make your loan payments, you might owe extra fees, damage your credit score, and lose your home. Find out how to get legitimate help.

    Reverse Mortgages

    Reverse Mortgages

    Reverse mortgages let you cash in on the equity in your home: these mortgages can have serious implications.