Military Housing Assistance Fund Announces New Program To Assist Military Families In Tough Economic Times

    DENVER, CO, March 14, 2009 /24-7PressRelease/ -- Military Housing Assistance Fund (MHAF) introduced a new program to help military families refinance their VA or FHA mortgage. MHAF Chairman, Robert Hanusovsky, says, "In our current financial crisis, we reached out to our nationwide mortgage lenders and got them to agree to forgo their 1% loan origination fee to save money for our men and women in uniform. On a $200,000 loan, this will save our military families $2,000 in lending fees. Plus, they could save hundreds of dollars per month in lower mortgage payments. The refinance is streamlined and very easy to do. There is no credit check, no appraisal, no out of pocket costs, and we have the lowest interest rates in 38 years. We really appreciate our lenders being willing to help our military families in these tough economic times." You can find out more about this new program by visiting our website at http://www.usmhaf.org/promo.

Founded on September 11, 2004, MHAF helps military families to achieve the American Dream they are defending. The organization helps military families by providing grants to assist them with the closing costs necessary to purchase a home. These grants average between $1,500 and $5,000 depending on the cost of the home, and the financial need of the military family. These are true gifts and never need to be repaid. Hanusovsky says, "As a grateful nation, we can help our military families to become homeowners, thereby giving our troops and their families left back at home some peace of mind. And now, with our new program, we can help save them money when they need it the most."

MHAF is a fund of Financial Counselors of America, a 501(c)3 nonprofit agency, and is a proud member of the United States Department of Defense's "America Supports You" network of charitable organizations helping military families. MHAF is one of the very few nonprofit agencies that give 100% of the funds it receives to the intended beneficiaries: our military families.

This program is open to all active duty military, guard, reserves, veterans, and civilians working for the military. For further information, please contact us at 720-932-8049.

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