Housing Opportunity Program
Understanding Today's Mortgages
Learn How to Avoid Foreclosure and Keep Your Home
Many consumers with nontraditional and other new types of mortgages with lower initial payments are now facing significant increases in their monthly payments — called "payment shock."
This brochure explains the types of mortgages that are placing families at risk, provides suggestions for getting help by talking to a REALTOR® and reputable counseling organization, and urges borrowers to work with experts and their lender as soon as possible. The brochure lists some of the ways lenders may be willing to help borrowers avoid foreclosure.
Produced jointly by NAR, the Center for Responsible Lending, and NeighborWorks® America, this 5-panel brochure allows REALTORS® to help consumers take early action to protect their homes whenever possible.
Download Learn How to Avoid Foreclosure and Keep Your Home (PDF: 1.7MB)
Download brochure text (PDF: 71KB)
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Additional resources on mortgages:
- Predatory Lending brochure
- Traditional Mortgage brochure
- Specialty (Nontraditional) Mortgage brochure
- FHA Mortgage brochure
