If you dream of owning your own home someday, it’s never too early to start planning. When you will be able to purchase the home, where it will be located, and what it will look like will depend largely on your qualifications for a mortgage. The down payment you accumulate and your debt to income ratio will affect the amount of money you can borrow.

By reviewing your cash flow, savings plan and credit history and score, you will be prepared to make any necessary adjustments to qualify for the mortgage you need. An understanding of the mortgage loan process will also enable you to have all of your necessary information ready when the time comes. Click here to learn more.

Our counselors can help make your dream of homeownership a reality. Give us a call at 888-456-2227 or send us an email to start developing your personal plan of action that will make you a homeowner.

Foreclosure Prevention
If you have missed mortgage payments or think you will miss future payments, you may find yourself in danger of foreclosure. It is important to understand, however, that lenders do not want to "repossess" your home -- they are much more interested in seeing that payments are made each month as agreed in the mortgage terms. As a general rule, lenders only begin the foreclosure process when all else fails.

Therefore, the best way to avoid foreclosure (besides making all your payments) is to address the issue as soon as it occurs and to keep the lender informed at all times. BALANCE can help you understand your options when you are having financial difficulty.

Call us at 888-456-2227 to speak with a counselor. Or review our publication Early Delinquency Intervention: Saving Your Home from Foreclosure (PediDF).

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