 |
Volunteer
Español
|
America's Best Mortgage!
One Mortgage Product - $10 Billion Committed
|
|
4.25%
|
Fixed 30 Year (as of 11/16/2009)
No Down Payment, No Closing Costs
|
|
|
|
|
AMERICA’S BEST REFINANCE MORTGAGE
NACA has committed One Billion dollars to refinance homeowners who have an unaffordable mortgage. This is the most significant assistance for homeowners who are impacted by the subprime market crash. NACA provides this incredible refinance mortgage product for all Members:
| PURPOSE: |
Refinance (to save people’s homes)
Refinance (for home improvements)
|
| PROPERTY TYPES: |
One to Four Family, condos, and co-ops.
Existing, New Construction, and Renovations
|
| CLOSING COSTS: |
None (paid by lender) |
| INTEREST RATE: |
One percent below the prime market rate
Current Interest rate: 4.25% 30 year fixed (as of 11/16/2009)
|
| BUY-DOWN: |
Additional funds can reduce the interest rate
Paying one percent of the mortgage amount up front reduces the interest rate by one quarter of a percent (.25%)-- a tremendous added benefit.
|
| APPLICATION FEE: |
None (paid by lender) |
| POINTS & FEES: |
None (paid by lender) |
| CREDIT HISTORY: |
Perfect credit not required |
P.M.I.:
(Private Mortgage Insurance) |
None |
NSF/Membership:
(Neighborhood Stabilization Fund) |
$50 per month for five to ten years
This payment occurs once you purchase through NACA and is part of your mortgage payment. This is a required payment as a NACA Homeowner Member, and as a Member you can receive assistance to NACA’s membership assistance program if you are ever at risk of losing your home. You would also receive the other benefits of NACA Membership.
|
| OTHER TERMS: |
No yield spread premium; No pre-payment penalty; No balloon payment; No required credit life, or other unnecessary or overpriced insurance. |
|
|
|
E-mail
Print