Assistance Needed

Home Forums Member Assistance Program (MAP) Assistance Needed

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  • #78741
    liberty4
    Member

    I purchased my home via NACA 6 years ago, I’ve since been divorced so my financial situation has changed. I am now the sole owner of the home for years; however have been impacted and my home is currently in forbearance.

    I owe approximately $300,000 on the home and it’s worth about $500,000. I really need to access a portion of the equity to pay off additional debt to help my financial situation and consolidate debt.

    Is it possible to restructure my loan through NACA to access my equity? Will I lose my interest rate in this process?

    #78933
    TTrumble
    Member

    Hello liberty4,

    Your situation may qualify for a mortgage modification. Please contact the NACA MAP department at 425-602-6222.

    Tim Trumble
    Online Operations, NACA

    • This reply was modified 4 months, 2 weeks ago by TTrumble.
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