Citigroup's (C: 41.38 +0.34%) mortgage division will offer mortgage help to disabled veterans, including waiving outstanding late fees and forbearing past due amounts on monthly payments, the bank said Thursday.
The new program will also offer to reduce the interest rate on a mortgage by 2.5% for a two-year period. Surviving spouses of military servicemembers who died during active duty can also qualify for the program. There are no fees to participate, and borrowers do not have to be delinquent or facing imminent default to be included in the program.
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1 comment:
The mortgage assistance can now help lot of those who aalready undergo them mortgage and foreclosure status.This post is really informative and can really help us a lot.
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