Hud-Approved Housing Counseling
Welcome to Cambridge Credit Counseling's Housing Counseling Division. We are a HUD-Approved housing counseling agency, providing a wide-range of housing-related counseling services, such as Foreclosure Intervention & Default Counseling, 1st-Time Homebuyer Education, and Rental Counseling.
Our experienced housing counseling staff is dedicated to helping people become better informed about the options available to them, whatever their situation. We offer a variety of courses and seminars on homeownership, foreclosure avoidance, and rental issues, and our staff is available for one-on-one housing counseling sessions here in our office, or by telephone from the privacy and convenience of your home.
Cambridge's certified housing counselors will conduct a careful analysis of your budget, answer any questions you have about your situation, and explain the range of options that may be appropriate to your circumstances. Our Housing Counseling Staff is available M-Th, 8am to 8pm, and Friday, 8am to 5pm. You can call (800) 757-1788, or click here to email a Housing Counselor now.
Foreclosure Intervention Counseling
If you're behind on your mortgage payments, facing foreclosure, or if you can foresee a problem with maintaining your mortgage obligations in the future, Cambridge's NCHEC Certified Foreclosure Intervention Counselors may be able to help.
Since our foreclosure services are offered at no cost to you, there's no risk in speaking to one of our housing counseling professionals if you are having difficulty, so please do not delay. There are many options for homeowners who are struggling to pay their mortgage and our housing counselors are fully trained and certified in order to give you the most professional and expert advice available.
Your home is one of the largest investments you'll ever make, so if you're planning on buying a home within the next two years, you owe it to yourself to take advantage of Cambridge's Homebuyer Education counseling. Our certified housing counselors will explain the steps you need to follow as you prepare yourself for homeownership. We'll review your current budget and credit report with you to help you determine what you can afford, not what a salesperson says you can afford. We'll also provide information on the advantages and disadvantages of the various financing options and assistance programs that may be available to you, and show you how to avoid predatory lending practices. From choosing the right home, to inspections and closing, Cambridge's counselors are here to help you learn about the home-buying process and how to make informed financial decisions for yourself and your family.
Our homebuyer workshops were created using the NeighborWorks® America curriculum entitled "Realizing the American Dream," and are designed to educate prospective homebuyers on all aspects of homeownership. This 8-hour workshop includes topics such as:
- Are You Ready to Buy a Home?
- Managing Your Money
- Understanding Credit
- Obtaining a Mortgage Loan
- Shopping for a Home
- Protecting Your Investment
In addition to preparing you for homeownership, mortgage lenders often require borrowers to complete an approved homebuyer education course in order to qualify for special incentive programs, including down payment and closing cost assistance.
This certificate is required in order to apply for a majority of the locally-offered down payment/closing cost assistance programs. Some lenders also require this certificate for all first-time homeowners, in order to finalize the loan.
If you have any further questions, please call our housing counseling division at (800) 757-1788.
For people who prefer to rent their living space, Cambridge offers both Rental Education Workshops and personalized one-on-one Rental Counseling sessions. Whether you're already renting or preparing to do so, our counselors will show you effective budgeting and money management techniques that will help make your rental experience a success. We'll teach you how to review your credit report and make corrections when needed, and we'll provide information on the application process, available subsidies, and the difference between leasing and rental agreements. We'll also teach you how to apply for tenancy, the typical expenses that you'll incur as a renter, and how to properly communicate with your landlord. We'll discuss how you can recover your security deposit if you're looking to relocate, what you need to know about keeping up with necessary maintenance and repairs, and the importance of understanding your rights and responsibilities as a renter.