Menu

http://bostoncommunitycapital.org/sites/default/files/files/pdf/SUN_DonaldSandra_0.pdf

Reduction in monthly housing expense for Donald, Sandra and their baby daughter

SUN Initiative, Lawrence, Massachusetts

Donald and Sandra put a lot into it their home of eight years. Donald built out the basement with his own hands. After their son was born, Sandra had complications and had to take time off work. The couple got behind on their mortgage. The interest rates were adjusted and they fell more and more behind. Donald and Sandra tried to get a loan modification, but found themselves stuck in a cycle with the lender; they would submit paperwork and six months later the lender would say the papers were too old, so the couple would submit once again. Donald came home one day to find that the house was about to be foreclosed. “But then we heard there was an organization in Boston that could help- and it’s been smooth sailing ever since.” Donald and Sandra’s monthly mortgage payments were reduced by 52%.“ It’s been a very, very good experience.”

Our mortgage loans are made by Boston Community Capital's affiliate, Aura Mortgage Advisors. Aura is a licensed mortgage lender (N.M.L.S. #ML23467).

28%
reduction of mortgage principal balance
52%
reduction in monthly housing expense