Help with Choosing a Mortgage What You Need to Know

Inflation is hitting home. The Wall Street Journal recently reported that mortgage interest rates are hovering around 5% nationwide. The American housing market has not seen these figures in over 10 years. Mortgage rate hikes are not yet cooling down the real estate market; house buying is still highly active. Nevertheless, homebuyers must be willing to look around for a suitable mortgage.

You Will Pay for What You Do Not Know

The house hunt for first-time buyers is like a walk in the dark forest. These people have little idea of what to do and where to look for a mortgage. Some great opportunities will thus pass them by.

A Federal Housing Administration (FHA) loan is not the only way to go. A house hunter may qualify for a United States Department of Agriculture (USDA) mortgage or one from the Veterans Administration (VA). These charge reasonable rates, and a sterling credit score is not always necessary to qualify for one. A house buyer will not jeopardize financial wellness by having one of these mortgage products. Unfortunately, where to find these bargains and how to apply for them is not readily available knowledge for many.

Countrywide Pre-Paid Legal Services understands the frustration of many first-time house buyers. We want to help people get their share of the American Dream without straining their budgets. Our financial wellness benefit has an invaluable self-study program for house hunters.

“Make Your Move” Makes It Easier

Our self-study program is called “Make Your Move,” It was created with the first-time homebuyer in mind. The text is intended to acquaint the student with all the essential parts of seeking real estate, the financing, and the transaction that results in owning a house.

Financing, of course, is an essential part. Mortgages do not have to be a terrible burden and knowing what is available can make life a lot easier. Our self-study points to various possibilities for an individual. A person might not understand how to budget for a house, and here is where Countrywide provides more financial wellness services.

We have a nationwide network of certified counselors who deal with every day financial issues, including homeownership. A Countrywide counselor will assist a plan member develop a workable budget that makes mortgage payments much more straightforward. The counselor and plan member can discuss some suggestions on qualifying for various mortgage products in a meeting with the counselor. Those means, by the way, are easy to arrange. We have a counselor in the community where there is a client, and our plan members have priority status.

Working with a Client

Countrywide does more than help a person buy a house. We have several financial wellness benefit options; each is intended to assist with common money issues. We would like to have a benefit designed so that every employee of the client organization will use it. We take a significant step in guaranteeing that having the client help us create the plan.

We will discuss our financial wellness benefits with a prospective client’s decision-makers. We gladly answer all questions and point out the value of each benefit. We then ask the executives to select what benefits will be part of their program. Those choices are included in the final plan document. Countrywide will provide the streamlined administration superior member services each client can expect to have. We maintain a transparent relationship with our clients, and any problems are managed immediately.

Employees look forward to the day when they can afford their own house. We want to help these diligent people achieve the dream of their lives and give them the advice they need. If you have any questions about our financial wellness benefit, please feel free to contact us at your convenience. We want to assist your employees in achieving a significant goal in their lives.