• October 30, 2014

Fort Hood offering mortgage workshop

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Posted: Monday, January 14, 2013 4:30 am | Updated: 10:57 am, Wed Sep 3, 2014.

Fort Hood plans a Military Mortgage Assistance Outreach event Tuesday to help homeowners.

The free program, hosted by the Fort Hood Housing Services Office and sponsored by the Hope Now Alliance, is designed to assist active-duty military, National Guard and Reserve, retirees and Fort Hood civilian home-owners having difficulty with their mortgages.

Participants will meet face-to-face with lenders and nonprofit housing counselors who can assist with short sales, interest reduction, government programs, loan modifications, refinance options and Service Members Civil Relief Act protections.

“If you have a mortgage, it would be a terrific day for you to come and find out what your options are and many challenges could be addressed,” said Eric Selk, executive director of Hope Now, an alliance between counselors, mortgage companies, investors and other mortgage market participants.

“A lot of people don’t know they qualify for something. Maybe their interest rate has gone down,” he said.

Since its inception seven years ago, Hope Now has hosted more than 140 free mortgage assistance events.

Selk said they began hosting events for the military about a year ago and more than 500 service members received one-on-one assistance.

During the five-hour event, many local and national lenders will be available to meet one-on-one with homeowners to help them get back on track or learn about refinancing options to save money.

Representatives of other services, including the off-post housing office, the Army Community Service Financial Readiness Branch and Veterans Affairs, will be available to meet with homeowners as well.

Hermelinda Sandifer, chief of Fort Hood’s housing division, said Armywide, 67 percent of service members live off-post, so an event such as this is one of the best things they could offer soldiers.

Information for homeowners preparing to change duty stations also is available, including how to list a home for rent through Fort Hood’s housing office.

During the event, the off-post housing office in the Copeland Soldier Services Center will be closed, but the on-post housing office will be open, said Susan Burrow, chief of the housing services branch in the housing office.

Participants are encouraged to bring monthly mortgage statements, two of their most recent pay stubs, documentation on all income from other sources, hardship letters, their most recent bank statements and utility bills in the owner’s name and current address in order for lenders to be able to access their accounts and work with them. Selk said to plan for at least an hour to participate.

For more information on the Hope Now Alliance, go to www.hopenow.com.

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