DETROIT – NACA, a nonprofit housing group that offers help on mortgages will begin their five-day event at Cobo Center Thursday at 8:00 a.m.
NACA is the most effective organization in the country in saving homes, saving families and sometimes saving lives. NACA's Save the Dream Tour has helped tens of thousands of homeowners across the country. Many had their mortgage payment reduced by over $500 a month and some over a $1,000 with interest rates reduced to as low as 2% and sometimes a principal reduction. Many receive a permanent restructure the same day. There will be hundreds of NACA counselors to determine an affordable mortgage payment for the borrower, and hundreds of staff from all the major lenders to process and approve these solutions. NACA has legally binding contracts with all of the major lender/servicers, and investors including Fannie Mae and Freddie Mac to make mortgages affordable.
