We know hard times sometimes fall on homeowners. MCAP Payment Assistance can help you get through them.
MCAP offers short-term assistance to help our homeowners weather challenging financial times. There is no expectation to pay back funds provided by MCAP for payment assistance immediately and payment assistance won't affect your credit score. Different situations require different solutions. That’s why we’ve come up with various assistance options to suit your needs.
Please note the below options are subject to qualification and approval.
Reduce your payments by paying just the interest portion of your mortgage payment along with any tax, Home Warranty or Mortgage Life/ Disability insurance amounts.
Things to keep in mind:
The amortization of your mortgage is the length of time it will take you pay off your mortgage in full. By increasing it, the principal portion of your mortgage decreases accordingly, reducing your mortgage payments over a certain period of time.
Things to keep in mind:
A mortgage deferral is when you opt to defer the principal and interest portion of your regular mortgage payment. Any property taxes and payments for other products would still be collected.
Things to keep in mind:
Programs and Resources for First-Time Homebuyers
Homeownership can seem difficult for first-time homebuyers, but programs and incentives can make it easier. Read our list to find the right resources for you.
As you prepare to purchase a home, one integral aspect of your home buying journey will be your down payment. In this article, we’ll look at what a down payment is, how much you’ll need, and tips on how to save.
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