In some situations, this program may fit a borrower's needs and may be a beneficial solution to help manage one's debt.

Although Consumer Credit Counseling may appear to be a benefit, Mortgage Loan Underwriters view this relationship as adverse action. Mortgage Loan Underwriters take the stance that an individual or couple working with Consumer Credit Counseling is not able to manage their own bills.

When applying for a home loan, for underwriting purposes, active participation in Consumer Credit Counseling is viewed so negatively that it is compared to Chapter 13 Bankruptcy.

Be aware that if an applicant is actively participating in Consumer Credit Counseling, one must be out of this program for at least one year and all benefits completely paid and the relationship terminated before applying for a home mortgage withmost traditional mortgage lenders.

Again, although this program may seem like the only solution to one's debt management, keep in mind how negatively it is viewed when trying to qualify for a home mortgage.

This information provided as a service to you by Springsteed Realty Preferred Lender Cindy Mullis, The Mortgage Source, Inc.