If you dream of owning your home, it can become a reality if you plan carefully, set realistic goals and get sound advice. Our counselors can help you understand your options and plan for the future in order to reach your goals.
We will help you to get the most of your homeownership experience!
Our program is valuable for anyone considering a home purchase. And they may be required for individuals participating in down payment assistance programs, loan products that require home buyer education, or other home purchase programs.
The Homebuyer Education Course consist of two sections a one on one
counseling session discussing your personal financial situation of budgeting
and credit. The next section is a 7 hours classroom session that helps a
future homeowner understand the steps towards homeownership. The two
sections must be completed in order to water damage
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receive a certificate. Generally, the course is free to participants when sponsored by industry professionals, but all participants are expected to pay $25 for the course material.
You can take the first step towards homeownership by filling out the
enrollment form or call
Logic Cycle provides individual and family credit counseling, and credit education instruction, to consumers nationwide. Our certified and professionally trained credit counseling team assists consumers by presenting workable solutions to achieve your goals and maintain financial stability.
We can assist you to understand the importance of your credit file, how it is evaluated, what practices are critical, how to improve your creditworthiness, and prepare to make major purchases, such as a home or vehicle.
You will learn how to evaluate loan offers and understand the impact that interest rates have on your monthly payment amount. You will be able to recognize a better product. You may learn of government assisted programs that will make it even easier to own a home.
Because of the varying nature of credit histories, the details of issues that exist, and the creditors involved, and many other issues, each situation demands the personal attention of an experienced counselor. Every client is interviewed and counseled privately.
Call one of our credit counseling specialists to get started today at 214-556-1517 or complete our online request help form.
Senior homeowners now have the opportunity to use the equity in their home without having to sell or take on another monthly payment obligation. Consider a Home Equity Conversion Mortgage ( HECM ) which is a reverse mortgage. It allows senior homeowners, age 62 or older, to turn their home’s equity into available cash. Unlike traditional mortgages, where debt reduces as you make payments, reverse mortgages are “rising debt, falling equity” loans. This means that debt increases as you withdraw funds against the equity in your home. In a reverse mortgage you take your loan proceeds in a lump sum payment, as a monthly payment or as a line of credit. As long as you live in your home and meet the basic requirements of living in the home, paying property taxes, paying hazard insurance, and maintaining your property to meet HUD standards you can live in your as long as you want. No payment is ever required.
Reverse mortgage loans ( HECM ) are federally insured, and federal regulations require that you must complete a reverse mortgage counseling from an approved nonprofit counseling agency, such as Logic Cycle.
Our counselors are trained to help you understand a reverse mortgage and how it may affect you. We will assess your situation and identify your financing options. Also we will explain the financial and tax implications, payment options, interest rates and costs. This will allow you to decide if a reverse mortgage is the right financial tool for you. Once you have completed the reverse mortgage counseling session you will be issued the required counseling certificate that needs to be filed with your lender at closing.
If you are interested in a reverse mortgage please contact Logic Cycle Credit Counseling at 214-556-1517 or complete our online info form:
We offer relief to those that are suffering from stresses related to all forms of debt, by understanding your situation, analyzing your financials, reviewing your goals, presenting applicable options for resolution, assisting with your full understanding of the selected options for implementation, and developing an action plan.
There are numerous possible options to choose. The best choice will be determined by understanding your goals, your current financial situation, including a budget, liability and asset review, understanding the advantages and disadvantages of the available options, and then learning from an experienced, independently certified counselor how to implement your choices.
One option that may fit your situation is a debt management program. It is popular for various reasons, including these benefits:
Our Debt Management Programs offer relief to those that are suffering from stresses related to credit card debt, or other burdensome debt, by providing effective counseling, and helping to consolidate debt through debt management with lower interest rates and repayment rates.
Our counselors can help you understand all of your options and develop a plan to help you reach your financial goals in as little time as possible. Call 214-556-1517 or complete our online request form.