Compare Mortgage Quotes

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company Loan Type APR Est. Pmt.

NACA

Posted on: 30th Nov, 2009 08:57 am
we are currently going through naca for help on our us bank mortgage which we are behind 6 months in payments. us bank say that they will not deal with a 3rd party like naca. is this the end or can naca refinance us or give us a loan themselves?
Hi michelles,

If your bank is ready to deal with a 3rd party, then your best bet would be contact the lender yourself and negotiate your mortgage. As you're 6 months delinquent on your mortgage payments, I doubt that your lender will not be ready to refinance the loan. You'll have to apply for a loan modification.

Thanks
Posted on: 30th Nov, 2009 11:29 pm
A loan mod sounds like your best bet. with 6 months of arrears you'll need to be able to roll them into the total outstanding of the loan - I can't see you coming up with cash equivalent to half a years mortgage payments
Posted on: 01st Dec, 2009 04:13 pm
is it me who's confused?
Posted on: 02nd Dec, 2009 01:16 pm
Naca can provide you with information on how you can advocate for yourself with your bank if the bank does not choose to work with NACA.
Posted on: 07th May, 2010 06:18 am
Page loaded in 0.118 seconds.