By Roslyn Giles
Columbus, GA (WTVM)- The Neighborhood Assistance Corporation of America is holding a workshop in Columbus Saturday, August 13, 2011. The non-profit organization helps homeowners refinance high interest rate loans and assists potential buyers with low credit scores achieve the American dream.
NACA started in 1988 and claims it holds the answer to huge subprime and predatory lending, a big part of the housing crash three years ago. NACA is located in Boston, MA with more than 30 offices across the country.
Founder and CEO Bruce Marks, said NACA has legally binding agreements with mortgage investors totallying $10 billion in funding commitments. It's primary goal, he added, is to build strong, healthy neighborhoods in urban and rural areas nationwide.
The process includes comprehensive counseling, enabling those with poor credit to purchase a home or refinance a predatory loan with far better terms than those provided in the prime market, according to Marks.
The mortgages require no down payment, no closing costs, no fees, no requirement for perfect credit and at a below-market interest rate.
A NACA workshop will be held Saturday, August, 13th, 2011 @ the East Columbus Family Center, 6001 Buena Vista Road in Columbus. The workshop will consist of two sessions: Purchasers -9:00 a.m. - 1:00 p.m. & The Homesave- 2:00 p.m. - 4:00 p.m. Registration is preferred but not required.