NACA helps Metro-Atlanta homeowners - CBS46 News

NACA helps Metro-Atlanta homeowners

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There's help for metro Atlanta homeowners fighting to keep their homes.

The Neighborhood Assistance Corporation of America, or NACA, is back in downtown Atlanta helping homeowners with their mortgages. The organization puts homeowners face-to-face with lenders.

"We have legal, binding contracts with all the major lenders and investors in this country which is Fannie Mae and Freddie Mac," said NACA spokesperson Rick Herrera. "Eighty percent of the people that come through the program eventually end up with a solution."

Those contracts allow NACA to offer homeowners as low as a 2 percent interest rate to make a mortgage affordable.

"I found out about the NACA program in 2008 and they helped me get out of an adjustable rate loan," said Nichole Rose Turner, who attended Thursday's event. "The process was simple, smooth, easy. It was a great deal and now I have another servicer ... I'm just seeing about getting a modification. So, I'm back with NACA again."

NACA helps homeowners save on average between $500 and $1,000 a month off their monthly mortgage payment.

The mortgage relief event is taking place at Americas Mart off Spring Street. It runs through Monday, Feb. 24 from 8 a.m. until 6 p.m.

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