Is it better to go with a FREE Hope Now Agency ( HUD approved agency) or a PRIVATE Agency?
Pros of Free Agency: • They are Free • They don’t have any interest in lead you to a specific program or lender • They can help you with other needs you may have ( credit counseling, etc) • They work with all the government programs • They (usually) have people that care and want to help you Cons of Free Agency: • More people go to free agencies and they are usually very busy • They have limited budgets and limited tools to help you • They are limited to government programs • They work with volunteers and the chances of errors are higher • They don’t get any incentive whether you get a new mortgage or not • They take longer and may affect your chances to get a mortgage on time to save your home • They don’t care if you complaint or push them because they are free Pros of Private Agency: • They have an economic incentive to get you help quickly • They make more money if you get a new loan/mortgage • They have employees with experience (not always) and make less errors • They use the lat
