For In-person or
Phone Counseling
CALL US
888.577.2227
 Get started with online counseling and education:

Budget/Debt Counseling
Bankruptcy Pre-Filing Counseling
Bankruptcy Pre-discharge Education

For Any Questions
CONTACT US

  
LSS Financial Counseling is a service of Lutheran Social Service of Minnesota which serves all people regardless of race, color, creed, religion, national origin, sex, sexual orientation, disability or age.
LSS Financial
Counseling Service
424 West Superior St. Suite 600 Duluth, MN 55802
1-888-577-2227  

 

  

Housing Counseling

Behind on your house payment? Remember...

• Take action EARLY - the sooner you take steps, the more options you have.
• Contact your lender as soon as you know you won't be able to make your payment - ask about "workout options".
• Consult a HUD-approved housing counselor to learn all of your options.
• Watch out for scams; not everyone has your best interest at heart.

Housing Counseling and Foreclosure Prevention 

Having trouble keeping up with your mortgage or housing expenses? Wondering if refinancing is a good idea? Want to get your finances and credit ready to buy a home? LSS Financial Counseling Service is a HUD-certified housing counseling agency that may help you with these and other questions about homeownership. Here's how we may be able to help:

Foreclosure Prevention Counseling:

• Counselors help to assess your financial situation, develop a budget and explore possible solutions.

• Counselors coach you to set priorities and establish financial goals - always keeping in mind basic needs.

Sometimes a successful solution will help you stay in your home - but sometimes success may mean moving on...

To help you reach a "soft landing" after foreclosure, it's our goal to provide a plan to not only survive the foreclosure, but to once again find a stable home! This plan will include:

• Making sure all legal processes and timelines are understood
• Exploring options to capture the equity in the home
• Developing a budget to stabilize finances going forward
• Reviewing options for future housing
• Helping to create a plan to rebuild credit and establish savings
• Making referrals to other agencies that may provide needed assistance

Refinance Counseling:

Refinance counseling is sometimes required when paying off an existing mortgage that is either interest rate subsidized or deferred. Our counselors will help you understand the advantages and disadvantages of the proposed refinance and help you make an informed decision about whether or not to proceed. (NOTE: There may be a charge for this service, please be sure to ask at the time of scheduling an appointment.)

Pre- and Post-Purchase Housing Counseling:

• Be prepared before you make an offer on that home! Counselors help you explore all of the facts about home ownership.
• Once you own that home, counselors can help you learn the financial skills needed to plan for expected and unexpected expenses of homeownership.

Reverse Mortgage Counseling:

• If you're a senior considering a reverse mortgage, HUD requires counseling so you may better understand the implications of a reverse mortgage.
• We can provide counseling to seniors nationwide who are considering a reverse mortgage.

For more information, or to make an appointment call 1-888-577-2227.