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Home Loan Learning Center
A New Homebuying Resource for American Consumers
Mortgage Bankers Association Announces www.homeloanlearningcenter.com
Source: Mortgage Bankers Association
Washington, D.C. (June 28, 2004) - More than 7 million American homes are sold every year, and for most people the process can be confusing and occasionally frustrating. But starting today it no longer has to be that way-American consumers will now have a complete information resource to guide them through the homebuying and homeownership process.
The Mortgage Bankers Association (MBA) announced today the launch of a new consumer website, Home Loan Learning Center (www.homeloanlearningcenter.com). The site provides comprehensive information in a simple, easy format to help consumers understand all aspects of homebuying and homeownership. Topics include understanding the basics of homebuying, such as the importance of consumers' credit record and, if needed, improving it before they even apply for a mortgage loan; finding the right home that meets their needs and desires; finding a mortgage lender; identifying which loan product best fits their financial situation and "shopping a loan" with various lenders to ensure they get the best mortgage for their needs.
"As part of our commitment to bring the benefits of homeownership to more Americans, we created the Home Loan Learning Center," said Jonathan L. Kempner, MBA president and CEO. "This site will give people interested in becoming homeowners the knowledge they need to more confidently navigate through the mortgage transaction process."
A May 2004 MBA national survey of 600 adults revealed that more than 50 percent of Americans planning to buy a home want more information on the homebuying process and 95 percent feel it is important to have access to information that is easy to understand. Home Loan Learning Center addresses these concerns, arms consumers with information and knowledge, and puts them in charge of the process.
"We believe it will be the 'go-to' site for potential homebuyers at all income levels for current, complete information that is presented in a consumer-friendly manner," said Kempner.
Developed by MBA's team of industry and consumer experts, Home Loan Learning Center's content and navigational tools will allow easy access to important information and direct consumers to specific content related to their income level, region of the country and personal situation. The site's content will be updated regularly with changes in interest rates, homeownership tips and other factors affecting homeownership and the homebuying process.
A May 2004 MBA national survey of 600 adults revealed that more than 50 percent of Americans planning to buy a home want more information on the homebuying process and 95 percent feel it is important to have access to information that is easy to understand. |
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