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Frequently Asked Questions

Do you have a question about Money Management International? Read from our list of frequently asked questions.

Money Management International (MMI) understands that every person is unique. That is why we offer a wide variety of credit & budgeting tools and financial information in a number of formats. Whether you want to read about budgeting, compare loan terms with a calculator, or watch a video about saving, we have a resource for you. To find the topic you’re looking for, in the format you’re most comfortable with, use the navigation bar above.

Budgeting Resources

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If your mortgage is delinquent, the most important thing to do is to take action and contact your lender.

Posted in: Homeownership
A reverse mortgage, also known as a Home Equity Conversion Mortgage (HECM), is a type of loan that allows older homeowners (62 or older) to convert part of the equity in their homes into tax-free income.
Posted in: Homeownership, Mortgages

Is your mortgage more than 30 days delinquent? If so, your mortgage company is likely to begin foreclosure procedures within the next 60 to 90 days. There are, however, some steps that you can take now to help prevent foreclosure.

Posted in: Homeownership

What are the pros and cons of refinancing a home loan? How can I get help if I can’t make my mortgage payments? I’m considering purchasing a home. What should I do first? How much home can I afford? What professionals can help me with a home purchase?

Posted in: Homeownership
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