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Home / Insurance / Help choosing a mortgage What you need to know – Legal Insurance Blog – 24 May 2022

Help choosing a mortgage What you need to know – Legal Insurance Blog – 24 May 2022



stockfresh_2142927_familjen-holding-a-sold-sign-outside-the-home_size__62ad93-300x200Inflation hits. The Wall Street Journal recently reported that mortgage rates are hovering around 5% nationwide. The US housing market has not seen these figures in over 10 years. Mortgage rate hikes are not yet cooling the real estate market; home buying is still very active. Nevertheless, home buyers must be willing to look around for a suitable mortgage.

You will pay for what you do not know

The house hunt for first-time buyers is like a walk in the dark forest. These people have little idea what to do and where to look for a mortgage. Some great opportunities will thus pass them by.

A loan from the Federal Housing Administration (FHA) is not the only way to go. A homeowner can qualify for a mortgage with the United States Department of Agriculture (USDA) or one with the Veterans Administration (VA). These charge reasonable prices, and a good credit score is not always necessary to qualify for one. A homebuyer will not jeopardize financial well-being by having one of these mortgage products. Unfortunately, where to find these findings and how to apply for them is not readily available knowledge for many.

Nationwide prepaid legal services understand the frustration of many first-time buyers. We want to help people get their share of the American dream without straining their budgets. Our financial wellness benefit has an invaluable self-study program for home hunters.

“Make Your Move” makes it easier

Our tutorial program is called “Make Your Move”, It was created with the first time buyer in mind. The text is intended to acquaint the student with all the essential parts of applying for real estate, the financing and the transaction that results in owning a house.

Financing is of course an important part. Mortgages do not have to be a terrible burden and knowing what is available can make life a lot easier. Our self-study points to different possibilities for an individual. A person may not understand how to budget for a house, and this is where Countrywide provides more financial health services.

We have a nationwide network of certified advisors who handle daily financial issues, including homeownership. A nationwide advisor helps a plan member develop a working budget that makes mortgage payments much easier. The advisor and the plan member can discuss some proposals for qualification for different mortgage products in a meeting with the advisor. By the way, these funds are easy to arrange. We have an advisor in the community where there is a client, and our plan members have priority status.

Work with a customer

Nationwide does more than help a person buy a house. We have several options for financial wellness; each one is meant to help with common money issues. We would like a benefit designed so that every employee in the customer organization will use it. We take a significant step to ensure that the customer helps us create the plan.

We will discuss our financial well-being benefits with a potential customer’s decision makers. We are happy to answer all questions and point out the value of each benefit. We then ask managers to choose which benefits should be included in their program. Those choices are included in the final planning document. Nationwide will provide the streamlined administration with superior membership services every customer can expect to have. We maintain a transparent relationship with our customers and any problems are handled immediately.

Employees look forward to the day when they can afford their own house. We want to help these hardworking people achieve the dream of their lives and give them the advice they need. If you have any questions about our financial wellness benefit, you are welcome to contact us when it suits you. We want to help your employees achieve a significant goal in their lives.


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