Home Buyers/Borrowers

Home Buying Resources

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Freddie Mac - Is Home Ownership Right for You?

Subprime Loans and Nontraditional Mortgages

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Things to consider:

• Before you use the services of a mortgage broker or lender:
• You should make sure they are properly licensed
• Check License Status
• Before you apply for an adjustable rate, interest only or payment option mortgage see the following important information:
• “Consumer Handbook on Adjustable Rate Mortgages”
• “Interest-Only Mortgage Payments and Payment-Option ARMS – Are They for You”

• If you think you have been wronged by a mortgage broker or lender and they are:
• Licensed by the Department of Real Estate
• Here is how to contact us
• Here is how to file a complaint
• Licensed by the Department of Corporations
• Consumer Complaint Form
  
  
• If you are behind in your mortgage payments or are in default:
• HUD - How to Avoid Foreclosure
• Foreclosure Counseling Services
• Federal Housing Administration (FHA)
• Homeownership Preservation Foundation
• Advance Fees and Loan Modification Services
• Mortgage Fraud Schemes (plus YouTube Video)
• Consumer Alert - Mortgage Foreclosure Scams
• New Rules on Foreclosures as of July 8, 2008

More Consumer Home Mortgage Information

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www.yourhome.ca.gov
www.sucasa.ca.gov/