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Consumer Tools Buying or refinancing a home is one of the most complex financial decisions you will ever make. Mortgage financing options are much more diverse than many borrowers think. There is a wide variety of mortgage products available including: first time buyers programs, fixed rate conventional mortgages, adjustable rate mortgage (ARM), FHA loans, VA loans, interest-only mortgages, jumbo mortgages, two-step mortgages, balloon mortgages, assumable mortgages, construction mortgages, no down payment mortgages and seller financing. Here are a few helpful links: Credit Rescue and Credit Education Department of Veterans Affairs Home Loan page Counseling Agencies Great Albuquerque Housing Partnership Southwest Neighborhood Housing, Inc YWCA (Las Cruces) Credit Counseling and Home Ownership Federal Housing Authority (FHA) HUD New Mexico Federal National Mortgage Association (Fannie Mae) Federal Home Loan Mortgage Corporation (Freddie Mac)
Hope NOW –support and guidance for Homeowners New Mexico Regulations and Licensing Department Home Mortgage Applications “Trigger” Sales of Private Financial information. Mortgage industry critics are targeting a growing but little-understood practice of the national credit bureaus-overnight sales of “hot leads” of mortgage applicants most private financial data, including credit scores, mortgage balances and credit card account information. Ken Harney reports. Click here to read the full story.
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