General Area in Marysville>Question Details

Artist Guy, Other/Just Looking in Marysville, CA

Does anyone know what qualifies a person for a NACA interest rate reduction? Also, do MODULAR homes qualify?

Asked by Artist Guy, Marysville, CA Sat Oct 9, 2010

The interest rate on my home is currently 5.75%. I am still working full time but my wife has lost her source of income. We are having a hard time making our bills and have had to use our credit cards for some of them.

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Answers

3
Hi Artist Guy,
NACA does not decide if you qualify. Your lender does.
NACA is there to help along with many other FREE assistance companies.
It is wise to go to a nearby HUD counselor to assist you in a reduction of payment.
NACA may be overwhelmed at this point but there is a list and you might want to consider seeing fi there is help in your own back yard. Look for the HUD counselor list you can find it here,.... http://www.socalhomesrealty.net half way down on the right has several helpful links.
I wish you the best.

Harold Sharpe - Broker
So Cal Homes Realty
(951) 821-8211
harold@socalhomesrealestate.com
http://www.socalhomesrealestate.com
California Department of Real Estate License # 01312992
0 votes Thank Flag Link Sun Oct 10, 2010
Artist Guy,
The Neighborhood Assistance Corporation of America (NACA) is a grass-roots, organization that was created to help homeowners to stay in their home by restructuring their mortgage..

NACA achieves their goal by working with your lender to obtain a reduced interest rate, and, sometimes, a principal reduction as well. This is a legitimate company that has helped many people. I would suggest you check their website, referenced below. Perhaps they can help you. Good luck..

Warm regards,
Maggie Hawk, REALTOR
Watson Realty Corp.
0 votes Thank Flag Link Sun Oct 10, 2010
Check with an area lender. your credit score, job length and asset ratios make a difference.. good luck!
0 votes Thank Flag Link Sun Oct 10, 2010
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