Securing a mortgage is an important part of the home buying process, but mortgages and mortgage regulations can be complex. Listen to our latest podcast episode to learn about the basics of mortgages as we talk to IDFPR's own APLD Director, Kari Beyer.
Additional Resources:
Homeowner Assistance: Illinois on HUD.gov: https://www.hud.gov/states/illinois/homeownership/buyingprgms
Mortgages – Consumer Education from CFPB: https://www.consumerfinance.gov/consumer-tools/mortgages/
Relevant CFPB articles:
“What do I do if my house was damaged, destroyed, or I’m unable to make my payment after a disaster?”: https://www.consumerfinance.gov/ask-cfpb/what-should-i-do-if-my-house-is-destroyed-in-a-natural-disaster-en-1521/
“What exactly happens when a mortgage lender checks my credit?”: https://www.consumerfinance.gov/ask-cfpb/what-exactly-happens-when-a-mortgage-lender-checks-my-credit-en-2005/
“What’s the difference between a prequalification letter and a preapproval letter?”: https://www.consumerfinance.gov/ask-cfpb/whats-the-difference-between-a-prequalification-letter-and-a-preapproval-letter-en-127/#:~:text=There's%20not%20a%20lot%20of,and%20based%20on%20certain%20assumptions
