“I received invaluable counseling and the Chicago Urban League negotiated a fixed rate, lower interest mortgage loan that saved me $900 per month. They saved my home and my credit.” Marlene Hopkins, homeowner
Marlene Hopkins, 39, of Chicago’s South Side, readily admits she isn’t real estate savvy. “I was in this loan product without options. If I couldn’t get a modification, I potentially faced losing my home”, said Marlene. Even with a middle-income job and good credit, Marlene was making monthly payments in excess of $2,700 a month on a sub-prime mortgage with an adjustable interest rate of 16.0%.
The Chicago Urban League’s Mortgage Foreclosure Prevention team contacted Marlene’s lender and negotiated a fixed rate of 5.25%. As a result, Marlene’s monthly mortgage payments declined by $900 a month and saved her home.
To learn how the Chicago Urban League can help you please visit:
www.TheChicagoUrbanLeague.org
