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Mortgage

Desperate homeowners wait hours in line hoping for 2% refinance rates

“Save the dream tour”

Houston homeowners looking to save their homes are lining up in Houston at the convention center, waiting for hours to meet with Neighborhood Assistance Corporation of America (NACA) advisers and major lenders. The Save the Dream tour is open to owners but not investors and NACA gives free consultation but does profit from each transaction.

For the next four days, the “Save the Dream Tour” will be helping Houston homeowners to lower their mortgage payments. Many homeowners began lining up at 4 am to help homeowners save their home while helping potential buyers who wouldn’t typically qualify for a conventional loan.

During the event, NACA will have hundreds of counselors available to determine what a homeowner can afford, and hundreds of staff from lenders are available to process loans and take payment.

NACA said they have helped thousands of homeowners reduce interest rates to 4 percent, 3 percent or 2 percent, a major draw for struggling homeowners. NACA requires attendees bring income verification, tax returns and any applicable loan documents.

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“Regardless of what happens, I need to keep my home. I’m going through an unemployment phase. I’m trying to save my marriage and my home,” Homeowner Karl Mayes said.

Tara Steele is the News Director at The American Genius, covering entrepreneur, real estate, technology news and everything in between. If you'd like to reach Tara with a question, comment, press release or hot news tip, simply click the link below.

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