Homeowner Ana G.: Keep Your Home California helped during the most traumatic time in her life
Ana, originally from the Philippines, lost her husband in February 2013.
The single mom of a 6-year-old son and 10-year-old daughter says living on a single income with two children is challenging. Ana needed help, and that’s when she turned to Keep Your Home California.
Ana applied and was approved for Keep Your Home California’s Principal Reduction Program. The free mortgage-assistance program funded $43,000 to pay down Ana’s principal balance, which helped lower her monthly mortgage payments.
“It means that I can still afford to keep our lifestyle, instead of moving into an apartment,” she says.
Ana says keeping the house was a way for her children to remember their father. The family has lived in the home since 2005.
“Keeping the house was important for us,” says Ana, who lives in Northern California. “The house has a lot of memories, especially of their dad.”
The Principal Reduction Program provides as much as $100,000 in mortgage assistance for financially strapped homeowners. The program can save homeowners hundreds of dollars every month in mortgage payments.
“Moving out of the house would have been another traumatic change for my kids,” says Ana, whose mortgage servicer is Residential Credit Solutions.
Thanks to Keep Your Home California, she continues to watch her two children play sports in the backyard.
“I hope people are aware of this program,” Ana says. “It really helps you keep your house.”