NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA
better known as N.A.C.A HELPS YOU BUY YOUR HOUSE
Talk about ALPHABET AGENCIES! AT LAST one that HELPS YOU instead of SPYING on you.I saw this NACA entity on PBS last nite. It is an effective program that does counseling on providing affordable home buying solutions. help you buy a home, pay your CLOSING costs. First time home owners, you have to live in it yourself, 4-plex is a better idea as it appreciates more in a f lip and 3 pals help you with WORK/CREDIT/ COSTS and CARRYING DEBT for a few months
USE NACA and POINTS on loan are lower than nat'l rate by l.0% so you make out like a bandit. They want to see all your debt paid off, see a downpayment. So it's like FANNIE MAE only this came from BOA Bank of America! TRUSTWORTHY! AND if PBS covers it...... in a show...I TEND TO BELIEVE IN IT!
I wrote it up at BUY A FOUR UNIT BLDG AS A FOUR WAY INVESTMENT. 3 PALS AND YOU. https://semiretiredmd.com/2-4-unit-mfr/
Send this email to pals, (renters with income on the books). If they (or YOU) are earning off book and you want to own a home, which grows by value more than stocks do, it may be time to start paying taxes. They require that you paid IRS for just the year before last TAX APRIL. If they ask where your down payment money came from just say mattress money. THAT is not a problem. Know who told me that? FANNIE MAE head lady for SO CALIF. No problema either regarding where you got your earnings in last ten yrs, it's don't ask, don't tell with these banking entities. Just pay taxes for the last year!
NACA's website. http://www.naca.com* * * * * * * * * * * * * * * * * * *<=== BACK TO THE FRUGAL TIPS and CHEAPO LIFESTYLE WEBPAGE
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