MJ Robinson

I have a client that is currently using the Nehemiah DPA Program, and it has allowed her to save $8000 she would have spent towards her downpayment. Thanks to Nehemiah, she is able to take a portion of that savings and pay off a personal loan which has an extremely high interest rate of 25%. This is one less monthly expense she will have to juggle with her new mortgage. In addition, she will save roughly $4600 in interest payments over the life of the personal loan. In this case, it seems like Nehemiah has decreased the borrower's effective cost of homeownership, instead of the other way around. Sounds like another Nehemiah success story to me.