KCCD Helps Foreclosure Client Keep His Home, Reducing Mortgage Rate to 3% and Saving Family over $2,700 a year!

Korean Churches for Community

Development

KCCD Housing Counseling Agency

Over $82 Million in Mortgages Saved!

KCCD Helps Foreclosure Client Keep His Home,

Reducing Mortgage Rate to 3% and Saving Family over $2,700 a year!

Like many other small businesses, Mr. Hong' s dry cleaning business was deeply impacted by the hardships created by this difficult economic climate. Five months behind his mortgage payments, Mr. Hong feared that his family would lose their home and that there was nowhere to turn for help. However, Mr. Hong' s dire situation was turned around through KCCD's assistance. KCCD advocated on behalf of Mr. Hong' s family. Due to our efforts, the interest rate of his mortgage was lowered from 5.25% to 3%, saving their family over $2,700 a year and allowing them to keep their home.

DID YOU KNOW?

Mortgagees are required to re-amortize the total amount due over 360 month period. Per Mortgagee Letter 2009-35, the mortgagee must re-amortize the total unpaid amount due over a 360 month period from the due date of the first installment required under the modified mortgage.

If you are having difficulty maintaining your monthly payment or are behind on your mortgage, call and speak to one of our HUD-approved housing counselors today (213) 985-1500 or e-mail hca@kccd3300.org

We also offer walk-in Group Counseling Sessions three times a week at the KCCD Office

Tuesday at 10 a.m.

Wednesday at 2 p.m.

Thursday at 5 p.m.

KCCD is the largest and most experienced Asian-American organization involved in church and community development, having assisted thousands of homeowners in dozens of states. To date, KCCD has saved over $82 million in mortgages from foreclosure, and our loan modification success rate is double the national average. The KCCD Housing Counseling Agency is a HUD-approved and NeighborWorks-certified agency, providing loan modification services free of charge.

About Korean Churches for Community Development

The mission of KCCD is to strengthen all communities by maximizing the resources of Korean and other Asian-American faith-based and partner organizations involved in economic development and neighborhood revitalization through educational and economic development programs, strategic public and private partnerships and building the capacity for Asian-American faith communities and community non-profits.

www.kccd3300.org