Mabuhay Alliance’s Housing Counseling Program provides services, advice and assistance to new and existing homeowners by assisting them in improving their housing conditions, and advising them on their leasing/homeownership rights and responsibilities.
Pre-Purchase Counseling: Applicable counseling includes: rights and responsibilities of homeowners, HUD mortgage programs; application procedures for mortgage insurance or assistance; real estate terminology; fair housing laws; financing; refinancing for lower interest rates; refinancing under the reverse equity mortgage program; purchase procedure; shared housing under Nehemiah Assistance loans provided by HUD; and homebuyers under HUD’s Homestead Program.
Mortgage Default Counseling: This component in counseling deals with circumstances of the HUD and Non-HUD consumer that are having difficulty in making monthly housing payments, and are experiencing delinquency or default. Counseling provides general information, advice and assistance that allow the consumer to resolve the mortgage default or rental delinquency. The Counselor assists the mortgagors or renters with the following: assessment of problem causes, desire and ability to reinstate: money management; referral to other resources; arrangements of reinstatement, and assistance in obtaining alternative housing.