Understanding Mortgages

This is an instructional guide designed to speak plain language to assist Consumers in navigating the muddy waters of shopping, applying for, and closing residential mortgage loans.

Why Are We Doing This?

Reason # 1 - Motivation, Inc. has provided specialized training and consulting services to public and private entities in the real estate world for over 16 years. Our Pre-Employment, Personal and Social Adjustment, Construction and Data Entry Skills training programs for low- and very low-income people, persons with disabilities, veterans and residents in public housing bring us face to face with people trying to better their lives and overcome adversity. Many of our trainees have been affected by the mortgage crisis and have lost their homes.

Reason # 2 - Our firm also acts as real estate development intermediary for public housing authorities. We guide them in re-developing old housing stock to ensure they are not taken advantage of by developers seeking to make millions of dollars by involving them in bad financing deals.

Reason #3 - The mortgage crisis is a plague upon American citizens. Most everyone knows someone who has been negatively affected by it. That tells you that there are millions of families harmed by one weapon, Bad Mortgages! Therefore, Motivation, Inc. has decided to utilize our proven training methodology, the power of government, and the internet to help educate as many people as possible.

Anyone who currently owns a bad mortgage will need to refinance soon. Along with new homebuyers, they are prey waiting to be attacked by an industry that does not have their best interests in mind. This guide and our Professional
Mortgage Consulting Service will show them how to protect themselves from bad mortgages.

If you have purchased a mortgage in the past and did okay, read through the topics above. You may learn something new that can help you in the future.