I have been underwriting mortgages for years. Recently, I got into a new business but I still wish to share my advice, tips, and industry inside happenings of the mortgage refinancing industry. For more articles on Mortgage Refinance check out my website
CitiMortgage is one of a select few lenders who is approved to offer President Obamas “Making Home Affordable” plan. This stimulus program will help millions of homeowners get the help they need to save their home, a whole lot of money, or both. Here is what you need to know.
This stimulus plan is a $75 billion program from the Obama administration to help struggling homeowners, and those who are already in foreclosure. With this plans options, all types of homeowners, in all types of bad situations, can get the help they need to get an affordable monthly payment, and prevent their home from being lost. This plan is targeted to homeowners who would not have been able to easily get help, and CitiMortgage is now offering it to people.
Besides being a well trusted, reputable, stable, and big bank, CitiBank has a mortgage division called CitiMortgage. Homeowners with a home loan from CitiMortgage will benefit from the fact that they are one of a selected few who can offer this plan, and its options, to homeowners. The CitiMortgage loss mitigation department will be able to assist and guide homeowners through the surprisingly easy process.
Homeowners with an upside down mortgage, bad credit, a home that has dropped in value, or all of the above can get help through this stimulus. Before this program existed, these homeowners would most likely default or lose their home to foreclosure. However, this program now gives many homeowners the chance of saving their home, and securing their financial future.
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