Tuesday, March 3, 2009

Citi launches mortgage program to help the unemployed

According to Marketwatch, Citibank has announced a plan that may help some of the recently unemployed cope with the loss of a paycheck by temporarily lowering their mortgage payment.

If you qualify, your mortgage payment may be as low as $500/month for 3 months while you look for a new job.

This comes on the heals of Citibank's February 12th announcement of a foreclosure moratorium.

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