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New program helps Maine homeowners prevent foreclosure

On May 5, Maine lawmakers announced the $50 million Maine HomeOwner Assistance Fund to help homeowners in the state who have been affected by the COVID-19 pandemic. The Avesta HomeOwnership Center (HOC) is helping to facilitate the program. The Maine HomeOwner Assistance Fund is a free federal relief program for homeowners in Maine who have

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Why you need to shop around for a mortgage

Interest rates are at a record low, but many borrowers are still reluctant to shop for the best mortgage loan — a decision that could cost them money. Looking at data from the November 2012 National Housing Survey, Fannie Mae researchers found that close to half of lower-income mortgage borrowers said they did not obtain

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