can naca.com be trusted?

I am interested in refinancing my current home loan. My home was appraised at 185k and my balance stands at about 70k. I would like to refi and get some capital out of my home if possible. Please reply

Hi Norman,

As you've equity in your property, you would be able to refinance your present loan and get a cash out. You can contact your present lender and apply for a refinance. If you satisfy the required criteria of the lender, then he would approve your loan. However, it's not mandatory to refinance with your current lender. You can speak to other local lenders for the same.

Thanks,

Jerry

I tried the naca.com and it's very informative as far as what I needed to know (and everything else..) about NACA. People working at NACA offices (which are scattered nationwide, please see website for different locations) are mostly volunteers so they dont get paid but still usually able to help people in need.

Once again, because I continue to get calls from people who are seeking assistance from NACA, I must address the situation:

I am not affiliated with NACA in any way, shape or form. I have never been affiliated with NACA in any way, shape or form. The opinions that I express on these forums are merely that - opinions. They are based on experience that I have had in my vast career in banking and finance, but they have no relevance to what NACA does specifically. Calling me will not provide people with NACA assistance. The only way in which to get assistance from NACA is by calling NACA.

I am hopeful that I won't have to do this too many more times. Thanks for playing.

That middle paragraph was supposed to have been in bold type, not the last one. Oh well...the message remains the same.

i dont see any true testimonials on here about Naca! Someone, please!

Congrats Moe, I had been with Naca since Oct/2009 I attend to San Francisco workshop. As of today nothing has happen. I have done what Naca has been asked me to do. Chase has denied my case twice. All what Naca said is fax over the documentation and will submitted to the lender.

Need help with refi

Thanks,

Leshay, how do you weed out the true from the untrue?

I'm a realtor who has worked with Naca in the past. Granted they have lengthy and cumbersome process, but if you persist they can help most peeps. Now that so many people are in need this company is overrun and things tend to slip through the cracks more. Kinda like a resturant who is short staffed. I do think they are trying to do some good and my advice is to be proactive and stay on them. If you talked with someone and gotten no response call them back. Your persistance will pay off. If you happen to be some of the few that just can't be helped I would consult a realtor like myself to see what options are available.

I will agree with our guest realtor that persistence is key. Frankly, it doesn't matter if you're dealing with NACA or with that pesky short-staffed restaurant as far as persistence is concerned. The squeaky wheel gets the grease is an old adage, but it still applies, whether we speak of mortgage-related questions, food service or any other topic.

Keep on them!

We live in Seattle and are currently underwater and behind on our mortgage. We have losted over 90,000 in equity and are ready to walk away. Making the mortgage is tough, but we can stick it out, just not sure if it's worth it. Can we get help from NACA?? We recently filled out tons of paperwork for the HEMP program and was told be HSBC, they do not work with the program, because they are a foreign corporation and did not take any of the Stimulus money. Is this true?

We live in Seattle and are currently underwater and behind on our mortgage. We have losted over 90,000 in equity and are ready to walk away. Making the mortgage is tough, but we can stick it out, just not sure if it's worth it. Can we get help from NACA?? We recently filled out tons of paperwork for the HEMP program and was told be HSBC, they do not work with the program, because they are a foreign corporation and did not take any of the Stimulus money. Is this true?

We live in Seattle and are currently underwater and behind on our mortgage. We have losted over 90,000 in equity and are ready to walk away. Making the mortgage is tough, but we can stick it out, just not sure if it's worth it. Can we get help from NACA?? We recently filled out tons of paperwork for the HEMP program and was told be HSBC, they do not work with the program, because they are a foreign corporation and did not take any of the Stimulus money. Is this true?

We live in Seattle and are currently underwater and behind on our mortgage. We have losted over 90,000 in equity and are ready to walk away. Making the mortgage is tough, but we can stick it out, just not sure if it's worth it. Can we get help from NACA?? We recently filled out tons of paperwork for the HEMP program and was told be HSBC, they do not work with the program, because they are a foreign corporation and did not take any of the Stimulus money. Is this true?

Hi capalzo!

Welcome to forums!

I won't be able to comment about HSBC and the stimulus money. But I would suggest you to contact NACA definitely and seek their help in getting your loan modified. However, if the lender finds that you're comfortable in paying off the mortgage dues, then he won't be ready to modify your loan.

Feel free to ask if you've further queries.

Sussane