Citimortgage & Citibank Home Loan Refinancing and Modification Options
The Treasury department has signed and agreement with CitiBanks servicer
, CitiMortgage that would allow Citibank to offer a more affordable and aggressive home plan for their struggling borrowers. What this means is that the lenders offering the loans are able to accept loan applications for homeowners and also offer the lender some incentives for every loan they modify using their new plan. Not sure what this means or even how you can benefit from this?
Since this new agreement has been agreed upon by the lender and the Treasury Department,
Citibank and Citimortgage they have to offer this federal plan to any and all homeowners who request consideration for the plan. This means that if you had applied for a loan and have already been turn down, you can have them review your case again to be reconsidered for the new federally subsidized plan.
Ask yourself these questions below to find out if you are a candidate for the new help plan:
1.Did you get your loan before January 1, 2009?
2.Do you live in your home as your primary residence?
3.Do you owe less than $729,750 on your mortgage?
4.Does your current monthly payment exceed 31% of your gross monthly income? (Including insurance, taxes and homeowners dues)
If you answered yes to the above questions, approach a lender regarding the affordable home plan. Not everyone will qualify for this plan, however if you meet the required guidelines and you can prove it, your
current interest rate can be reduced to 2% for 40 years. What is trying to be achieved is an affordable monthly payment. The monthly payment should only be 31% of your monthly income. Since the Treasury Department is paying Citibank for every borrower they help they are much more motivated to help the borrower. On top of the better rates and lower payments, every homeowner that stays current on their modified home loan for 5 years will be paid $5000.
Homeowners are being encouraged by President Obama to work with the banks in order to keep their homes. However, before you contact Citibank or send in an application, make absolute sure that you have all the necessary paperwork so you have the best possible chance of being approved. Take some time to learn the process for loan modification so you can be as prepared as possible. Dont take any chances learn everything you can about the loan modification process.
Citimortgage & Citibank Home Loan Refinancing and Modification Options
By: MPetrone
#
2
What It Is: A brand-new triple-register chronograph that's much more thoughtfully designed than it needs to be. If I were
link a young man in high
link school dreaming of cruising at 37,000ft inside the glass cockpit of an A350X, I'd totally have one of these on my wrist. The strap is made from old seats upcycled from Southwest's planes and the logo is placed on the dial and caseback. It celebrates a half-century of Southwest's low fares. You know, "nothing
link to hide. That's TransFarency!"
2025-12-5 13:37
reply
Same Day Cash Advance: Financial Aid For Uninvited Monetary Troubles Military Car Loans May Are Easy To Get. How To Find The Best Auto Loan For Military Personnel! Bad Credit Unsecured Loans: Hassle Free Cash Aid For Bad Creditors Payday Uk: Cash To Fill Monetary Pitfall Loans For Bad Credit: Cash Reliever For Poor Credit Affected People Bad Credit Emergency Cash Loans: Immediate Funds Approval Without Credit Check Travel Loans: Cash For Fun And Frolic Car Loans Interest Rates India Bad Credit Car Loans Uk: Purchase Your Own Car Despite Of Bad Credit Checking Account Payday Loans Bring Cash To Your Account Commercial Truck Leasing Choose Best Company For The Lease Payday Loans No Faxing: Instant Loan Without Faxing The Documents Cash Loans 1000 Avail 1000 Within Hours