Homeowners Once homeownership is achieved NID-HCA is here to help you with issues that come along with homeownership. NID-HCA'S teaches YOU how to effectively utilize and maintain your homes' equity as a part of your long-term financial planning. NID-HCA will assist you in steps to protect your investment from Foreclosure, the benefits of homesteading, maintaining your homes condition, making repairs, repair loans, municipal housing repair assistance, Reverse Mortgages, how to pay off your mortgage years in advance, doing your own repairs, understanding the permit process, inheritance planning, etc. Default/Foreclosure (loss mitigation) The NID-HCA default/foreclosure-counseling program to date has a 95% success rate in avoiding client lose of property due to foreclosure (without the client filing a bankruptcy). NID-HCA works with your lender to negotiate the best terms available for all parties involved. NID-HCA will discuss extensively with the client issues such as, how to avoid foreclosure, options to foreclosure, communicating with your lender/service, renegotiating your loan terms, managing your debt and re-establishing your credit. STOP FORECLOSURE Home Equity Conversion Mortgages (Reverse Mortgages) NID-HCA will help the client in understanding the benefits and disadvantages to obtaining a Home Equity Conversion Mortgage. Home Equity Conversion Mortgagees are a very useful tool for those seeking to effectively utilize the built-up equity in their homes for living expenses in their mature years. Counseling is mandatory for clients seeking to obtain a Home Equity Conversion Mortgage, also know as a HECM (pronounced heck-um). Clients will be counseled as to the disposition of the property after the death of the mortgagee, rights of heirs to the estate, how equity is reversed, how payments are disbursed, etc. Issues affecting the housing market IS A REVERSE MORTGAGE RIGHT FOR YOU Refinance NID-HCA will help the client determine whether refinancing is in their best interest. NID-HCA will counsel about the refinance process, reasonable interest rates and financing fees, the appraisal process, etc. Rehabilitation Understanding the in's and out's of single family (1-4 units) property rehabilitation, rehabilitation options, loans available, community resources. Learn about the process and the pitfalls of selling your home, before you begin. Here are just some of the resources available: SELLING YOUR HOME SELLER'S GUIDE Delinquency/Default Counseling We provide information and recommendations, allowing our clients to make appropriate decisions to settle their mortgage delinquency/default problems. In this process, we ensure that our clients understand all their options and that lenders/servicers adhere to industry-standard loss mitigation practices. NID-HCA continues to assist its clients until their problems are resolved. We also work to reduce loss mitigation costs to both our housing clients and mortgage lenders. Reverse Mortgage Counseling NID-HCA provides the necessary information and counseling required by each of our clients to decide whether obtaining a reverse mortgage is in their best interests. We make sure our clients understand all their mortgage options and are fully aware of the benefits and consequences of the reverse mortgage process. After the decision to obtain a reverse mortgage is made, our counselors assist each of our clients in selecting a product that will best fit her/his financial needs. Post-Purchase Counseling We counsel homeowner clients seeking information and guidance in the areas of refinancing (rate/term reduction and/or cash out), equity loans, debt consolidations, building rehabilitation, building additions, lender/client dispute resolution, real estate agency/client dispute resolution, and client/contractor dispute resolution. Predatory Lending Counseling NID-HCA arms its clients with knowledge that enables them to negotiate fair loan terms and to protect themselves against potential predatory lenders. For clients who feel they have been victimized by predatory lending practices, our counselors help clients investigate the validity of their concerns, and when indicated, report unlawful conduct to the appropriate authorities.