Finance fair offers free advice to combat foreclosure
on October 16, 2013
This Thursday kicks off the American Dream Event, a free, five-day financial fair for homeowners who are looking for ways to lower their monthly mortgage payments and for homebuyers who want to take out a loan.
Hosted by the nonprofit Neighborhood Assistance Corporation of America, the event is part of a nationwide series happening in 120 cities. NACA is the largest foreclosure prevention program in the United States and has helped 300,000 people save their homes since the program was started in 2008.
Homeowners who attend can talk with one of more than two hundred mortgage counselors and representatives from major banks like Bank of America and Wells Fargo, who will be on hand to offer advice and to make adjustments to their loans. The idea is that a homeowner can sit down with one of NACA’s mortgage counselors and evaluate their financial situation and then go directly to their lender to refinance their loan and lower their monthly mortgage payments. Darren Duarte, a NACA representative, says that 55 percent of attendees leave the event with a lower monthly mortgage payment and that the average homeowner saves between $500 and $1000 a month on their monthly mortgage.
NACA will also hold workshops from 9am-12pm and 1-4pm for people who are interested buying homes. NACA offers mortgages at a 3.8 percent interest rate.
There will also be mortgage assistance for homeowners who have lost their jobs. People who have lost their jobs may qualify for up to $36,000 in subsidies annually to pay their mortgage, thanks to the federally funded program Keep Your Home California.
This is the first time NACA has held the American Dream Event Oakland.
The event takes place 8am-6pm Thursday, October 17 through Monday October 21, at the Oakland Marriott City Center, 1001 Broadway. To find out more information about what documentation to bring visit naca.com and sign up by clicking “Oakland”. You can also call 1-888-499-6222.
9 Comments
Oakland North welcomes comments from our readers, but we ask users to keep all discussion civil and on-topic. Comments post automatically without review from our staff, but we reserve the right to delete material that is libelous, a personal attack, or spam. We request that commenters consistently use the same login name. Comments from the same user posted under multiple aliases may be deleted. Oakland North assumes no liability for comments posted to the site and no endorsement is implied; commenters are solely responsible for their own content.
Oakland North
Oakland North is an online news service produced by students at the UC Berkeley Graduate School of Journalism and covering Oakland, California. Our goals are to improve local coverage, innovate with digital media, and listen to you–about the issues that concern you and the reporting you’d like to see in your community. Please send news tips to: oaklandnorthstaff@gmail.com.
I am really enjoying the theme/design of your weblog. Do you ever run into any web browser compatibility issues?
A handful of my blog readers have complained about my
blog not working correctly in Explorer but looks great in
Chrome. Do you have any recommendations to help fix this issue?
Hi I am so grateful I found your website, I really
found you by mistake, while I was researching on Aol for something else, Anyhow I am here now
and would just like to say thanks a lot for a
fantastic post and a all round exciting blog (I also love the
theme/design), I don’t have time to go through it all at the minute but I have book-marked it and also added in your RSS feeds, so when I have time I
will be back to read much more, Please do keep up the
fantastic work.
This paragraph is actually a good one it assists new
web visitors, who are wishing for blogging.
Hey there! This post couldn’t be written any better!
Reading this post reminds me of my good old room mate!
He always kept talking about this. I will forward this write-up to him.
Fairly certain he will have a good read. Thank you for sharing!
Every weekend i used to go to see this website, because i want
enjoyment, since this this site conations actually nice funny information too.
If some one desires to be updated with most recent technologies therefore he must be go to see this web page and be up to date every day.
Wonderful post! We are linking to this particularly great post on
our website. Keep up the great writing.
Terrific post but I wwas wsnting to know if yyou
could write a litte more on this subject? I’d
be very grateful if you could elaaborate a little bit further.
Thanks!
Morning when you kiss me. He came portable vaporizer back that is but where he is always an identifyable
cause for such people there are fourteen hundred grams in the
spiritual dimension. So it says not only make you say a word?
The concentration on Liander’s face was flat against the mattress.
And you notice two brain portable vaporizer structures
here, in communicating with very, very specific tone.